Danaher Co. (NYSE:DHR) Position Raised by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lifted its position in shares of Danaher Co. (NYSE:DHR) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,062 shares of the conglomerate’s stock after acquiring an additional 257 shares during the period. Connecticut Wealth Management LLC’s holdings in Danaher were worth $1,865,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Nicholas Hoffman & Company LLC. boosted its holdings in Danaher by 2.3% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,899 shares of the conglomerate’s stock valued at $439,000 after acquiring an additional 43 shares during the period. Los Angeles Capital Management LLC boosted its stake in Danaher by 1.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 3,470 shares of the conglomerate’s stock valued at $803,000 after purchasing an additional 43 shares during the period. Drive Wealth Management LLC grew its holdings in Danaher by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 1,485 shares of the conglomerate’s stock valued at $344,000 after buying an additional 44 shares during the last quarter. Mission Wealth Management LP increased its position in Danaher by 0.4% in the 4th quarter. Mission Wealth Management LP now owns 10,888 shares of the conglomerate’s stock worth $2,519,000 after buying an additional 46 shares during the period. Finally, Trust Investment Advisors lifted its holdings in shares of Danaher by 1.8% during the fourth quarter. Trust Investment Advisors now owns 2,811 shares of the conglomerate’s stock worth $650,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Daniel Raskas sold 23,757 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $252.00, for a total value of $5,986,764.00. Following the completion of the transaction, the senior vice president now directly owns 38,102 shares in the company, valued at approximately $9,601,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Daniel Raskas sold 23,757 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $252.00, for a total transaction of $5,986,764.00. Following the sale, the senior vice president now directly owns 38,102 shares in the company, valued at $9,601,704. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rainer Blair sold 47,175 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $249.22, for a total transaction of $11,756,953.50. Following the completion of the transaction, the chief executive officer now directly owns 115,995 shares of the company’s stock, valued at $28,908,273.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,273 shares of company stock worth $26,813,819. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Danaher from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Barclays boosted their price objective on shares of Danaher from $260.00 to $270.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Citigroup upped their price objective on shares of Danaher from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Bank of America boosted their target price on Danaher from $258.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.31.

Danaher Trading Up 0.6 %

Shares of Danaher stock traded up $1.54 during trading on Friday, hitting $248.38. 1,787,817 shares of the company were exchanged, compared to its average volume of 2,914,990. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.85 and a quick ratio of 1.51. The firm has a market capitalization of $183.97 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.83. The firm’s fifty day moving average price is $248.48 and its 200 day moving average price is $232.27. Danaher Co. has a 1-year low of $182.09 and a 1-year high of $259.00.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Danaher had a net margin of 16.78% and a return on equity of 11.43%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 earnings per share. As a group, sell-side analysts expect that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Danaher’s previous quarterly dividend of $0.24. Danaher’s dividend payout ratio (DPR) is presently 18.31%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.