Danaher Co. (NYSE:DHR) Shares Sold by Palisade Asset Management LLC

Palisade Asset Management LLC cut its stake in Danaher Co. (NYSE:DHR) by 4.5% in the third quarter, Holdings Channel.com reports. The fund owned 20,059 shares of the conglomerate’s stock after selling 955 shares during the quarter. Palisade Asset Management LLC’s holdings in Danaher were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in DHR. CarsonAllaria Wealth Management Ltd. purchased a new position in Danaher during the 2nd quarter valued at about $25,000. nVerses Capital LLC acquired a new position in shares of Danaher during the second quarter worth about $25,000. MidAtlantic Capital Management Inc. purchased a new position in Danaher in the 3rd quarter worth approximately $40,000. MFA Wealth Advisors LLC acquired a new stake in Danaher during the 2nd quarter valued at $51,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Danaher during the second quarter valued at about $51,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DHR shares. Robert W. Baird dropped their target price on shares of Danaher from $278.00 to $277.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on Danaher in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $280.00 price target on the stock. KeyCorp increased their price objective on Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on shares of Danaher from $285.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.16.

Insider Buying and Selling at Danaher

In other news, SVP Georgeann Couchara sold 952 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $268.37, for a total value of $255,488.24. Following the completion of the transaction, the senior vice president now owns 4,212 shares of the company’s stock, valued at approximately $1,130,374.44. This represents a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.10% of the company’s stock.

Danaher Trading Up 0.3 %

Shares of Danaher stock opened at $235.83 on Friday. The company has a market capitalization of $170.34 billion, a price-to-earnings ratio of 45.01, a P/E/G ratio of 4.32 and a beta of 0.85. The business has a fifty day simple moving average of $258.15 and a two-hundred day simple moving average of $259.88. Danaher Co. has a 1 year low of $215.68 and a 1 year high of $281.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.37 and a quick ratio of 1.01.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the company posted $2.02 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Danaher Co. will post 7.5 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Friday, September 27th. Danaher’s dividend payout ratio (DPR) is presently 20.61%.

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.