Danaher Corporation $DHR Position Trimmed by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Danaher Corporation (NYSE:DHR) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,476 shares of the conglomerate’s stock after selling 13,117 shares during the period. Truist Financial Corp’s holdings in Danaher were worth $71,761,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in Danaher by 1.9% in the third quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock worth $3,318,926,000 after buying an additional 312,951 shares during the period. Generation Investment Management LLP boosted its stake in Danaher by 34.0% during the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares during the period. Legal & General Group Plc boosted its stake in Danaher by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 4,452,118 shares of the conglomerate’s stock valued at $882,677,000 after purchasing an additional 211,053 shares during the period. Fisher Asset Management LLC increased its position in Danaher by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 4,369,219 shares of the conglomerate’s stock valued at $866,241,000 after acquiring an additional 28,583 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Danaher by 104.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock worth $991,923,000 after purchasing an additional 2,216,789 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DHR shares. KeyCorp restated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. The Goldman Sachs Group cut their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. Leerink Partners upped their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Evercore lifted their price objective on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danaher has an average rating of “Moderate Buy” and an average target price of $240.70.

Danaher Price Performance

Shares of DHR opened at $174.29 on Tuesday. The company has a market capitalization of $123.36 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.34 and a beta of 0.81. Danaher Corporation has a fifty-two week low of $172.34 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. The business’s 50-day moving average is $193.34 and its 200-day moving average is $213.25.

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

Danaher Increases Dividend

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

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction on Thursday, February 19th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.80% of the company’s stock.

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.