Danaher Corporation $DHR Position Reduced by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its position in Danaher Corporation (NYSE:DHR) by 14.3% during the third quarter, Holdings Channel reports. The fund owned 912,150 shares of the conglomerate’s stock after selling 152,432 shares during the period. Danaher comprises approximately 3.3% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 10th biggest position. Montrusco Bolton Investments Inc.’s holdings in Danaher were worth $202,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Danaher during the 2nd quarter valued at about $10,492,520,000. Wellington Management Group LLP increased its position in shares of Danaher by 10.4% during the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate’s stock valued at $3,108,031,000 after purchasing an additional 1,542,310 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Danaher in the 2nd quarter worth approximately $1,456,317,000. Generation Investment Management LLP bought a new position in shares of Danaher in the 2nd quarter worth approximately $1,287,949,000. Finally, Bank of America Corp DE purchased a new position in shares of Danaher in the second quarter worth approximately $993,846,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DHR. Stifel Nicolaus cut their target price on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada increased their price target on shares of Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 5th. UBS Group assumed coverage on shares of Danaher in a research note on Wednesday, September 9th. They set a “buy” rating and a $250.00 price target on the stock. TD Cowen lifted their price target on shares of Danaher from $236.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Danaher from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.41.

Danaher Stock Performance

Shares of NYSE:DHR traded up $2.10 during mid-day trading on Tuesday, reaching $223.30. 6,007,508 shares of the company traded hands, compared to its average volume of 4,462,041. The company’s 50 day moving average price is $211.85 and its 200-day moving average price is $194.88. The firm has a market cap of $156.98 billion, a PE ratio of 39.66, a PEG ratio of 2.74 and a beta of 0.76. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25.

Danaher (NYSE:DHR) last released its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $0.77 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Danaher Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s dividend payout ratio (DPR) is presently 28.42%.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.