Danaher Co. (NYSE:DHR) Shares Purchased by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP lifted its holdings in Danaher Co. (NYSE:DHR) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,931 shares of the conglomerate’s stock after purchasing an additional 128 shares during the period. Klingenstein Fields & Co. LP’s holdings in Danaher were worth $12,839,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Danaher during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Danaher during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in Danaher during the 4th quarter worth approximately $31,000. Strategic Financial Concepts LLC acquired a new position in Danaher during the 4th quarter worth approximately $31,000. Finally, Pineridge Advisors LLC grew its holdings in Danaher by 63.3% during the 4th quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Raymond James reiterated a “market perform” rating on shares of Danaher in a report on Monday, February 3rd. TD Cowen upped their target price on shares of Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut shares of Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Wolfe Research upgraded shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 target price for the company in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Transactions at Danaher

In related 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 transaction, the senior vice president now owns 20,230 shares in the company, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

Danaher Price Performance

Shares of NYSE DHR opened at $203.56 on Friday. The stock has a market cap of $147.03 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.68 and a beta of 0.83. Danaher Co. has a 52 week low of $196.80 and a 52 week high of $281.70. The company’s 50-day moving average price is $230.49 and its 200 day moving average price is $250.28. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR) last released its quarterly 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 net margin of 16.33% and a return on equity of 10.82%. During the same quarter in the previous year, the company posted $2.09 EPS. As a group, research analysts forecast that Danaher Co. will post 7.67 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, December 27th were paid 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 is currently 20.45%.

Danaher Company 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.