Modern Wealth Management LLC Has $250,000 Stock Position in Danaher Co. (NYSE:DHR)

Modern Wealth Management LLC raised its stake in Danaher Co. (NYSE:DHR) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,087 shares of the conglomerate’s stock after purchasing an additional 254 shares during the period. Modern Wealth Management LLC’s holdings in Danaher were worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Howard Capital Management Group LLC raised its stake in shares of Danaher by 4.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,229 shares of the conglomerate’s stock valued at $342,000 after buying an additional 48 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Danaher by 2.6% during the 3rd quarter. D.A. Davidson & CO. now owns 13,294 shares of the conglomerate’s stock worth $3,696,000 after buying an additional 343 shares during the period. Townsquare Capital LLC boosted its stake in Danaher by 25.7% in the 3rd quarter. Townsquare Capital LLC now owns 12,466 shares of the conglomerate’s stock valued at $3,466,000 after buying an additional 2,550 shares in the last quarter. Glenmede Trust Co. NA grew its position in Danaher by 0.3% in the third quarter. Glenmede Trust Co. NA now owns 51,553 shares of the conglomerate’s stock valued at $14,333,000 after acquiring an additional 142 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Danaher by 48.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 67,639 shares of the conglomerate’s stock worth $18,805,000 after acquiring an additional 22,205 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brian W. Ellis sold 5,700 shares of the business’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 transaction, the senior vice president now owns 20,230 shares in the company, valued at approximately $4,534,149.90. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DHR has been the topic of several recent analyst reports. 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 research note on Friday, December 13th. Jefferies Financial Group decreased their price objective on shares of Danaher from $285.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $260.00 target price for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their price target on Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, Citigroup cut their price objective on Danaher from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $278.24.

Danaher Trading Down 2.1 %

DHR opened at $205.69 on Friday. Danaher Co. has a fifty-two week low of $196.80 and a fifty-two week high of $281.70. The company has a market cap of $147.01 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.40 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $214.57 and a 200 day simple moving average of $236.90.

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 analysts’ consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period in the prior year, the company posted $2.09 EPS. On average, sell-side analysts anticipate that Danaher Co. will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.32 per share. This is a positive change from Danaher’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, March 28th. Danaher’s payout ratio is presently 24.24%.

Danaher Company Profile

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.