Pioneer Trust Bank N A OR Sells 305 Shares of Danaher Co. (NYSE:DHR)

Pioneer Trust Bank N A OR reduced its holdings in shares of Danaher Co. (NYSE:DHR) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,571 shares of the conglomerate’s stock after selling 305 shares during the quarter. Danaher makes up about 1.9% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 20th biggest holding. Pioneer Trust Bank N A OR’s holdings in Danaher were worth $7,477,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in Danaher in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new position in shares of Danaher during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in Danaher during the 4th quarter worth approximately $31,000. Pineridge Advisors LLC boosted its stake in Danaher by 63.3% in the 4th quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in Danaher in the 4th quarter valued at $34,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DHR. StockNews.com downgraded Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Raymond James reiterated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Citigroup decreased their target price on shares of Danaher from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced 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. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.24.

Insider Buying and Selling

In other news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction 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. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.10% of the stock is owned by corporate insiders.

Danaher Price Performance

DHR stock opened at $181.42 on Friday. Danaher Co. has a 1 year low of $181.20 and a 1 year high of $281.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.40 and a quick ratio of 1.05. The stock has a market cap of $129.66 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 2.66 and a beta of 0.86. The company has a 50 day simple moving average of $209.99 and a 200 day simple moving average of $234.26.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, meeting analysts’ consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period in the previous year, the business posted $2.09 earnings per share. Research analysts anticipate that Danaher Co. will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.71%. This is an increase from Danaher’s previous quarterly dividend of $0.27. Danaher’s dividend payout ratio is currently 24.24%.

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.