New York State Teachers Retirement System Sells 16,031 Shares of Danaher Corporation $DHR

New York State Teachers Retirement System reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,930 shares of the conglomerate’s stock after selling 16,031 shares during the quarter. New York State Teachers Retirement System’s holdings in Danaher were worth $110,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in Danaher during the fourth quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in Danaher during the 3rd quarter worth $25,000. WFA of San Diego LLC acquired a new stake in shares of Danaher during the second quarter worth $26,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Danaher during the third quarter worth $27,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Danaher in the third quarter valued at about $28,000. Institutional investors own 79.05% of the company’s stock.

Insider Activity at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.80% of the company’s stock.

Danaher Stock Up 0.2%

NYSE DHR opened at $179.19 on Friday. The business has a fifty 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 $126.83 billion, a PE ratio of 34.66, a PEG ratio of 2.39 and a beta of 0.95. Danaher Corporation has a fifty-two week low of $175.00 and a fifty-two week high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. Equities analysts expect that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.

Danaher Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DHR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. UBS Group cut their price objective on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Morgan Stanley decreased their target price on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Barclays dropped their price target on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, TD Cowen cut their price target on Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.70.

About Danaher

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.