State of Alaska Department of Revenue Sells 3,519 Shares of Danaher Corporation $DHR

State of Alaska Department of Revenue cut its holdings in Danaher Corporation (NYSE:DHR) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,115 shares of the conglomerate’s stock after selling 3,519 shares during the quarter. State of Alaska Department of Revenue’s holdings in Danaher were worth $13,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. White Pine Capital LLC lifted its stake in Danaher by 1.4% during the 2nd quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock valued at $690,000 after acquiring an additional 49 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in Danaher by 2.1% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 2,524 shares of the conglomerate’s stock worth $499,000 after buying an additional 51 shares during the period. Worth Financial Advisory Group LLC lifted its holdings in Danaher by 4.6% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 1,195 shares of the conglomerate’s stock worth $236,000 after purchasing an additional 53 shares in the last quarter. Howard Capital Management Group LLC boosted its stake in Danaher by 4.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 53 shares during the period. Finally, Bruce G. Allen Investments LLC grew its holdings in Danaher by 13.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 467 shares of the conglomerate’s stock valued at $92,000 after buying an additional 54 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price objective on Danaher from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Redburn Partners set a $220.00 price objective on shares of Danaher in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research report on Monday, December 29th. Rothschild Redb downgraded shares of Danaher from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group upped their target price on shares of Danaher from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average target price of $249.92.

Insider Transactions at Danaher

In other news, Director Teri List sold 3,298 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total value of $746,997.00. Following the completion of the sale, the director directly owned 20,762 shares of the company’s stock, valued at approximately $4,702,593. The trade was a 13.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian W. Ellis sold 21,776 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total value of $4,773,952.48. Following the sale, the senior vice president directly owned 14,553 shares of the company’s stock, valued at approximately $3,190,454.19. This represents a 59.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 30,248 shares of company stock valued at $6,609,663. 11.10% of the stock is currently owned by corporate insiders.

Danaher Trading Down 0.3%

NYSE:DHR opened at $234.92 on Friday. The stock has a market capitalization of $165.94 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 4.19 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $225.31 and a 200 day moving average of $210.22. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $258.23.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, December 26th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. Danaher’s payout ratio is currently 26.39%.

Danaher 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.