Danaher Co. (NYSE:DHR) Shares Bought by Prentice Wealth Management LLC

Prentice Wealth Management LLC lifted its holdings in shares of Danaher Co. (NYSE:DHR) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,834 shares of the conglomerate’s stock after buying an additional 172 shares during the quarter. Prentice Wealth Management LLC’s holdings in Danaher were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in Danaher in the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Danaher during the fourth quarter worth about $31,000. Golden State Wealth Management LLC acquired a new position in shares of Danaher during the 4th quarter worth about $31,000. Teachers Insurance & Annuity Association of America purchased a new position in Danaher in the 3rd quarter valued at about $39,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Danaher in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of a number of research analyst reports. Raymond James reissued a “market perform” rating on shares of Danaher in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Danaher from $310.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company lowered their target price on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Robert W. Baird reduced their target price on shares of Danaher from $277.00 to $268.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Buying and Selling

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of the firm’s 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 transaction, the senior vice president now owns 20,230 shares of the company’s stock, valued at $4,534,149.90. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 11.10% of the stock is owned by insiders.

Danaher Stock Up 0.9 %

Shares of NYSE DHR opened at $209.86 on Friday. Danaher Co. has a 52-week low of $196.80 and a 52-week high of $281.70. The business’s 50 day moving average is $226.71 and its two-hundred day moving average is $247.11. The firm has a market cap of $151.58 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.61 and a beta of 0.83. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR) last posted its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter last year, the business posted $2.09 EPS. Research analysts predict that Danaher Co. will post 7.67 EPS for the current year.

Danaher Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Danaher’s previous quarterly dividend of $0.27. Danaher’s payout ratio 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.