Private Capital Advisors Inc. Cuts Stake in Danaher Corporation $DHR

Private Capital Advisors Inc. lessened its position in shares of Danaher Corporation (NYSE:DHR) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,863 shares of the conglomerate’s stock after selling 5,824 shares during the period. Danaher comprises 1.1% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding. Private Capital Advisors Inc.’s holdings in Danaher were worth $10,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in Danaher during the 4th quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in Danaher during the 3rd quarter worth approximately $25,000. WFA of San Diego LLC acquired a new position in Danaher during the 2nd quarter worth approximately $26,000. ANTIPODES PARTNERS Ltd acquired a new position in Danaher during the 3rd quarter worth approximately $27,000. Finally, Capco Asset Management LLC acquired a new position in Danaher during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $245.00 price target on shares of Danaher in a report on Tuesday, April 21st. Morgan Stanley lowered their price target on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Barclays lowered their price target on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company lowered their target price on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.65.

Danaher Trading Down 0.7%

Shares of Danaher stock opened at $172.12 on Friday. The company has a fifty day simple moving average of $183.52 and a 200-day simple moving average of $208.73. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The stock has a market cap of $121.82 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.30 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its 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 business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Danaher Corporation will post 8.43 EPS for the current fiscal year.

Danaher Announces Dividend

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

Danaher Company Profile

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.