Pinnacle Wealth Planning Services Inc. Has $662,000 Stake in Danaher Co. (NYSE:DHR)

Pinnacle Wealth Planning Services Inc. lowered its stake in shares of Danaher Co. (NYSE:DHR) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,884 shares of the conglomerate’s stock after selling 1,183 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Danaher were worth $662,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in Danaher during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. bought a new stake in Danaher in the fourth quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of Danaher during the fourth quarter valued at about $31,000. Strategic Financial Concepts LLC purchased a new stake in Danaher in the fourth quarter worth about $31,000. Finally, Pineridge Advisors LLC increased its position in shares of Danaher by 63.3% during the fourth quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DHR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $277.00 price target (down previously from $299.00) on shares of Danaher in a research note on Thursday, January 30th. Citigroup reduced their price objective on shares of Danaher from $285.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com downgraded shares of Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Guggenheim started coverage on shares of Danaher in a research note on Thursday, December 19th. They issued a “buy” rating and a $275.00 price target on the stock. Finally, Barclays lowered their price objective on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Danaher Stock Performance

Shares of Danaher stock opened at $210.97 on Thursday. The firm has a fifty day moving average of $223.22 and a two-hundred day moving average of $243.63. The stock has a market capitalization of $150.78 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 2.66 and a beta of 0.82. Danaher Co. has a 52 week low of $196.80 and a 52 week high of $281.70. 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 (NYSE:DHR) last announced its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting 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 period last year, the business posted $2.09 earnings per share. As a group, equities research analysts predict that Danaher Co. will post 7.63 EPS for the current year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.32 dividend. This is an increase from Danaher’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, March 28th. Danaher’s dividend payout ratio (DPR) is 24.24%.

Insider Activity at Danaher

In other 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is currently owned by company insiders.

Danaher 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.