NewEdge Wealth LLC Has $5.58 Million Stake in Danaher Co. (NYSE:DHR)

NewEdge Wealth LLC trimmed its stake in Danaher Co. (NYSE:DHR) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,300 shares of the conglomerate’s stock after selling 113 shares during the period. NewEdge Wealth LLC’s holdings in Danaher were worth $5,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Danaher in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in Danaher during the 4th quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in Danaher during the 4th quarter worth about $31,000. Teachers Insurance & Annuity Association of America acquired a new stake in Danaher during the 3rd quarter worth about $39,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Danaher during the 3rd quarter worth about $40,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of Danaher 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 in the company, valued at approximately $4,534,149.90. The trade was 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on DHR shares. The Goldman Sachs Group set a $250.00 price target on Danaher in a report on Wednesday, January 15th. Barclays reduced their target price on Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Raymond James restated a “market perform” rating on shares of Danaher in a research note on Monday, February 3rd. Citigroup reduced their target price on Danaher from $285.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Bank of America upgraded Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Friday, December 13th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Danaher Price Performance

Danaher stock opened at $205.69 on Friday. The company’s 50 day moving average price is $225.00 and its two-hundred day moving average price is $245.50. 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 52 week low of $196.80 and a 52 week high of $281.70. The stock has a market cap of $147.01 billion, a P/E ratio of 38.96, a P/E/G ratio of 2.66 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. On average, equities analysts predict that Danaher Co. will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

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

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.