Compagnie Lombard Odier SCmA Sells 3,158 Shares of Danaher Co. (NYSE:DHR)

Compagnie Lombard Odier SCmA lowered its position in shares of Danaher Co. (NYSE:DHR) by 59.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,163 shares of the conglomerate’s stock after selling 3,158 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Danaher were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DHR. AMF Tjanstepension AB bought a new position in shares of Danaher during the 3rd quarter worth about $5,923,000. Wedge Capital Management L L P NC boosted its position in shares of Danaher by 3.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,231 shares of the conglomerate’s stock worth $342,000 after purchasing an additional 38 shares in the last quarter. Creative Planning boosted its position in shares of Danaher by 3.1% during the 3rd quarter. Creative Planning now owns 126,340 shares of the conglomerate’s stock worth $35,125,000 after purchasing an additional 3,749 shares in the last quarter. Probity Advisors Inc. bought a new position in shares of Danaher during the 3rd quarter worth about $221,000. Finally, Good Life Advisors LLC bought a new position in shares of Danaher during the 3rd quarter worth about $217,000. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DHR shares. Scotiabank started coverage on shares of Danaher in a research report on Monday, December 23rd. They set a “sector perform” rating and a $265.00 price objective on the stock. TD Cowen raised their price target 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. Barclays dropped their price target on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Guggenheim started coverage on shares of Danaher in a research report on Thursday, December 19th. They issued a “buy” rating and a $275.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average price target of $278.00.

Insider Buying and Selling

In related news, SVP Brian W. Ellis sold 5,700 shares of the firm’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 value of $1,277,541.00. Following the completion of the transaction, the senior vice president now directly owns 20,230 shares of the company’s stock, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.

Danaher Trading Up 1.5 %

Shares of DHR stock opened at $206.66 on Friday. The company has a 50 day moving average of $230.00 and a 200-day moving average of $249.96. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.31. Danaher Co. has a 12-month low of $196.80 and a 12-month high of $281.70. The firm has a market cap of $149.26 billion, a P/E ratio of 39.14, a PEG ratio of 2.68 and a beta of 0.83.

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

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.52%. Danaher’s payout ratio is currently 20.45%.

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.