Danaher Corporation $DHR Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of Danaher Corporation (NYSE:DHR) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 324,691 shares of the conglomerate’s stock after selling 8,706 shares during the quarter. Strs Ohio’s holdings in Danaher were worth $74,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of Danaher during the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC acquired a new position in shares of Danaher during the 4th quarter worth approximately $26,000. WFA of San Diego LLC acquired a new position in shares of Danaher during the 2nd quarter worth approximately $26,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Danaher during the 3rd quarter worth approximately $27,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Danaher during the 3rd quarter worth approximately $28,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. The trade was a 20.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. Leerink Partners lifted their target price on shares of Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $240.70.

Danaher Stock Down 2.0%

DHR stock opened at $175.30 on Friday. Danaher Corporation has a one year low of $174.60 and a one year high of $242.80. The company has a 50 day moving average price of $193.34 and a two-hundred day moving average price of $213.15. The stock has a market capitalization of $124.07 billion, a P/E ratio of 33.91, a PEG ratio of 2.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company earned $1.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. This is a boost from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is presently 30.95%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.