Danaher Corporation $DHR Shares Sold by Riverstone Advisors LLC

Riverstone Advisors LLC trimmed its holdings in shares of Danaher Corporation (NYSE:DHR) by 8.9% in the first quarter, Holdings Channel.com reports. The fund owned 35,715 shares of the conglomerate’s stock after selling 3,474 shares during the quarter. Danaher accounts for approximately 3.3% of Riverstone Advisors LLC’s portfolio, making the stock its 8th largest position. Riverstone Advisors LLC’s holdings in Danaher were worth $6,772,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DHR. JPL Wealth Management LLC bought a new position in shares of Danaher during the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher during the fourth quarter worth approximately $26,000. WFA of San Diego LLC acquired a new position in shares of Danaher in the 2nd quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new stake in Danaher during the 4th quarter valued at $27,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Danaher Stock Up 1.3%

Shares of Danaher stock opened at $195.67 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The business has a fifty day simple moving average of $178.81 and a 200 day simple moving average of $201.69. The stock has a market cap of $138.49 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.46 and a beta of 0.81.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Research analysts predict that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

Analyst Ratings Changes

Several analysts have recently commented on DHR shares. JPMorgan Chase & Co. decreased their target price on Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and issued a $245.00 price objective on shares of Danaher in a research report on Tuesday, April 21st. TD Cowen dropped their price objective on shares of Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen cut Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, DZ Bank started coverage on shares of Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.61.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.