SVB Wealth LLC Sells 5,624 Shares of Danaher Corporation $DHR

SVB Wealth LLC lessened its stake in shares of Danaher Corporation (NYSE:DHR) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,592 shares of the conglomerate’s stock after selling 5,624 shares during the period. SVB Wealth LLC’s holdings in Danaher were worth $3,798,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital International Investors raised its holdings in Danaher by 1.9% in the 3rd quarter. Capital International Investors now owns 16,758,240 shares of the conglomerate’s stock worth $3,318,926,000 after acquiring an additional 312,951 shares during the period. Generation Investment Management LLP grew its position in shares of Danaher by 34.0% in the third quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock valued at $1,319,354,000 after purchasing an additional 1,689,020 shares during the last quarter. Legal & General Group Plc grew its position in shares of Danaher by 5.0% in the third quarter. Legal & General Group Plc now owns 4,452,118 shares of the conglomerate’s stock valued at $882,677,000 after purchasing an additional 211,053 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Danaher by 0.7% in the third quarter. Fisher Asset Management LLC now owns 4,369,219 shares of the conglomerate’s stock worth $866,241,000 after purchasing an additional 28,583 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Danaher by 104.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,333,056 shares of the conglomerate’s stock worth $991,923,000 after purchasing an additional 2,216,789 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Insider Transactions at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on DHR shares. UBS Group decreased their target price on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Barclays cut their price target on Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wolfe Research reduced their price objective on Danaher from $260.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Evercore raised their price objective on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research report on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.70.

Danaher Stock Down 0.1%

Shares of DHR stock opened at $170.98 on Monday. The stock has a market cap of $121.01 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 2.29 and a beta of 0.81. Danaher Corporation has a one year low of $170.74 and a one year high of $242.80. The stock has a fifty day moving average price of $191.25 and a 200 day moving average price of $212.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Danaher’s payout ratio is presently 30.95%.

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.