Nvest Financial LLC Sells 112 Shares of Danaher Co. (NYSE:DHR)

Nvest Financial LLC trimmed its position in shares of Danaher Co. (NYSE:DHR) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,093 shares of the conglomerate’s stock after selling 112 shares during the period. Nvest Financial LLC’s holdings in Danaher were worth $710,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Foster Victor Wealth Advisors LLC raised its stake in shares of Danaher by 45.4% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 53,029 shares of the conglomerate’s stock valued at $12,640,000 after purchasing an additional 16,555 shares in the last quarter. R Squared Ltd bought a new stake in Danaher in the 4th quarter valued at $83,000. Mayflower Financial Advisors LLC raised its stake in shares of Danaher by 3.1% in the 4th quarter. Mayflower Financial Advisors LLC now owns 2,534 shares of the conglomerate’s stock valued at $582,000 after buying an additional 77 shares in the last quarter. BSW Wealth Partners lifted its holdings in shares of Danaher by 3.7% during the 4th quarter. BSW Wealth Partners now owns 3,713 shares of the conglomerate’s stock worth $852,000 after acquiring an additional 134 shares during the period. Finally, Stonegate Investment Group LLC boosted its position in shares of Danaher by 2.2% during the 4th quarter. Stonegate Investment Group LLC now owns 225,199 shares of the conglomerate’s stock valued at $51,694,000 after acquiring an additional 4,830 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several recent research reports. Wolfe Research raised shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target for the company in a research report on Thursday, October 31st. TD Cowen raised their target price on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stephens reiterated an “overweight” rating and issued a $315.00 price target on shares of Danaher in a research report on Wednesday, October 23rd. KeyCorp lifted their price objective on Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.81.

Danaher Stock Down 1.1 %

NYSE:DHR opened at $247.77 on Wednesday. The company has a market cap of $178.96 billion, a price-to-earnings ratio of 47.29, a P/E/G ratio of 4.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The stock’s fifty day moving average price is $236.09 and its two-hundred day moving average price is $253.66. Danaher Co. has a 52-week low of $225.42 and a 52-week high of $281.70.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. During the same quarter last year, the firm earned $2.09 EPS. On average, analysts anticipate that Danaher Co. will post 7.5 EPS for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, December 27th. Danaher’s dividend payout ratio is 20.61%.

About Danaher

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.