TFC Financial Management Inc. Sells 130 Shares of Danaher Co. (NYSE:DHR)

TFC Financial Management Inc. decreased its holdings in shares of Danaher Co. (NYSE:DHR) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,394 shares of the conglomerate’s stock after selling 130 shares during the period. TFC Financial Management Inc.’s holdings in Danaher were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Ingalls & Snyder LLC grew its holdings in Danaher by 9.4% during the fourth quarter. Ingalls & Snyder LLC now owns 2,216 shares of the conglomerate’s stock valued at $509,000 after purchasing an additional 191 shares during the period. Van ECK Associates Corp raised its position in Danaher by 6,862.7% during the fourth quarter. Van ECK Associates Corp now owns 929,868 shares of the conglomerate’s stock valued at $213,452,000 after purchasing an additional 916,513 shares in the last quarter. Channing Global Advisors LLC increased its holdings in shares of Danaher by 42.8% in the fourth quarter. Channing Global Advisors LLC now owns 5,666 shares of the conglomerate’s stock worth $1,301,000 after buying an additional 1,698 shares during the period. Marks Group Wealth Management Inc increased its holdings in shares of Danaher by 6.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 4,972 shares of the conglomerate’s stock worth $1,141,000 after buying an additional 312 shares during the period. Finally, Great Lakes Retirement Inc. grew its stake in shares of Danaher by 1.5% in the fourth quarter. Great Lakes Retirement Inc. now owns 37,002 shares of the conglomerate’s stock worth $8,494,000 after purchasing an additional 542 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Brian W. Ellis sold 5,700 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total value of $1,277,541.00. Following the completion of the sale, the senior vice president now directly owns 20,230 shares of the company’s stock, valued at $4,534,149.90. This represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DHR shares. JPMorgan Chase & Co. dropped their price target on Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. TD Cowen boosted their target price on shares of Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James restated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Bank of America raised shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price for the company in a report on Friday, December 13th. Finally, Jefferies Financial Group dropped their target price on shares of Danaher from $285.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $278.00.

Danaher Price Performance

Shares of DHR stock opened at $202.22 on Thursday. Danaher Co. has a twelve month low of $196.80 and a twelve month high of $281.70. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $146.06 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.68 and a beta of 0.83. The firm has a fifty day simple moving average of $231.17 and a 200-day simple moving average of $250.62.

Danaher (NYSE:DHR) last released its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same period in the previous year, the firm posted $2.09 EPS. Equities research analysts anticipate that Danaher Co. will post 7.67 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.53%. Danaher’s dividend payout ratio (DPR) is 20.45%.

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.