Danaher Co. (DHR) Position Trimmed by Stack Financial Management Inc

Stack Financial Management Inc lessened its holdings in shares of Danaher Co. (NYSE:DHR) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 240,411 shares of the conglomerate’s stock after selling 7,687 shares during the quarter. Danaher makes up approximately 2.8% of Stack Financial Management Inc’s portfolio, making the stock its 9th largest holding. Stack Financial Management Inc’s holdings in Danaher were worth $26,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. IMS Capital Management acquired a new stake in shares of Danaher in the second quarter worth $107,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Danaher in the second quarter worth $111,000. Fort L.P. acquired a new stake in shares of Danaher in the second quarter worth $119,000. Braun Bostich & Associates Inc. grew its stake in shares of Danaher by 506.4% in the second quarter. Braun Bostich & Associates Inc. now owns 1,225 shares of the conglomerate’s stock worth $121,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Reilly Financial Advisors LLC grew its stake in shares of Danaher by 62.6% in the third quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock worth $141,000 after acquiring an additional 501 shares during the last quarter. 76.80% of the stock is currently owned by hedge funds and other institutional investors.

In other Danaher news, insider William King sold 53,433 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $101.64, for a total value of $5,430,930.12. Following the sale, the insider now directly owns 36,425 shares in the company, valued at $3,702,237. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William K. Daniel sold 103,086 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $100.63, for a total value of $10,373,544.18. Following the completion of the sale, the executive vice president now owns 167,080 shares in the company, valued at $16,813,260.40. The disclosure for this sale can be found here. Insiders sold 196,881 shares of company stock worth $19,737,553 in the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Shares of DHR traded up $1.38 during trading hours on Wednesday, hitting $102.60. 15,693 shares of the company were exchanged, compared to its average volume of 3,175,522. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.53. Danaher Co. has a fifty-two week low of $91.65 and a fifty-two week high of $110.13. The firm has a market cap of $70.97 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. Danaher had a return on equity of 11.59% and a net margin of 14.07%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that Danaher Co. will post 4.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. Danaher’s dividend payout ratio is presently 15.88%.

DHR has been the topic of several research analyst reports. Bank of America set a $113.00 price objective on shares of Danaher and gave the stock a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Morgan Stanley raised their price objective on shares of Danaher from $122.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 10th. Royal Bank of Canada raised their price objective on shares of Danaher to $107.00 and gave the stock a “positive” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, Robert W. Baird reduced their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $112.14.

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Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

Further Reading: Inflation

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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