Danaher Co. (NYSE:DHR) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC reduced its stake in shares of Danaher Co. (NYSE:DHR) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,369 shares of the conglomerate’s stock after selling 274 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Danaher were worth $314,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Danaher in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in Danaher in the 4th quarter worth about $31,000. Golden State Wealth Management LLC bought a new stake in shares of Danaher during the fourth quarter valued at approximately $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Danaher during the fourth quarter worth approximately $31,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Danaher in the 3rd quarter valued at approximately $39,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird reduced their price target on Danaher from $277.00 to $268.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. TD Cowen increased their target price on shares of Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Raymond James reiterated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Finally, UBS Group decreased their price target on Danaher from $309.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Insider Activity at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of the business’s 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 directly owns 20,230 shares in the company, valued at $4,534,149.90. The trade was a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is currently owned by insiders.

Danaher Trading Down 1.5 %

Danaher stock opened at $206.92 on Monday. The company has a 50 day moving average price of $232.72 and a 200 day moving average price of $251.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. Danaher Co. has a 52 week low of $205.79 and a 52 week high of $281.70. The firm has a market capitalization of $149.45 billion, a price-to-earnings ratio of 39.19, a P/E/G ratio of 2.68 and a beta of 0.83.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter last year, the business earned $2.09 EPS. Research analysts forecast that Danaher Co. will post 7.67 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, December 27th. Danaher’s dividend payout ratio is currently 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.