Appleton Partners Inc. MA Has $11.79 Million Position in Danaher Co. (NYSE:DHR)

Appleton Partners Inc. MA cut its holdings in Danaher Co. (NYSE:DHR) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,364 shares of the conglomerate’s stock after selling 141 shares during the quarter. Appleton Partners Inc. MA’s holdings in Danaher were worth $11,791,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Generate Investment Management Ltd bought a new position in shares of Danaher during the fourth quarter worth about $8,044,000. Golden State Wealth Management LLC acquired a new position in Danaher during the 4th quarter worth approximately $31,000. Lecap Asset Management Ltd. bought a new position in shares of Danaher during the 4th quarter worth approximately $2,891,000. Live Oak Private Wealth LLC raised its holdings in shares of Danaher by 5.2% in the fourth quarter. Live Oak Private Wealth LLC now owns 43,789 shares of the conglomerate’s stock valued at $10,052,000 after purchasing an additional 2,151 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Danaher by 3.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,180 shares of the conglomerate’s stock worth $18,635,000 after purchasing an additional 2,890 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DHR. Raymond James reiterated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Jefferies Financial Group reduced their price target on Danaher from $285.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their price target on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, December 13th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Buying and Selling at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of the company’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 transaction of $1,277,541.00. Following the completion of the sale, the senior vice president now owns 20,230 shares of the company’s stock, valued at approximately $4,534,149.90. This represents a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.90% of the company’s stock.

Danaher Stock Down 1.5 %

DHR stock opened at $206.92 on Friday. The business’s fifty day moving average price is $233.38 and its two-hundred day moving average price is $252.10. The stock has a market capitalization of $149.45 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.80 and a beta of 0.83. Danaher Co. has a fifty-two week low of $205.79 and a fifty-two week 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.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share 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 period in the previous year, the business posted $2.09 earnings per share. On average, equities analysts anticipate that Danaher Co. will post 7.77 earnings per share for the current year.

Danaher Announces Dividend

The business also recently disclosed 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 was Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a yield of 0.52%. Danaher’s dividend payout ratio (DPR) is presently 20.45%.

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.