Lmcg Investments LLC Sells 8,149 Shares of Danaher Corporation $DHR

Lmcg Investments LLC decreased its holdings in shares of Danaher Corporation (NYSE:DHR) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,872 shares of the conglomerate’s stock after selling 8,149 shares during the quarter. Danaher makes up about 1.2% of Lmcg Investments LLC’s investment portfolio, making the stock its 19th biggest holding. Lmcg Investments LLC’s holdings in Danaher were worth $20,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in Danaher during the third quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new position in shares of Danaher during the 4th quarter worth approximately $26,000. WFA of San Diego LLC bought a new stake in shares of Danaher during the 2nd quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Danaher in the 4th quarter valued at approximately $27,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Danaher by 71.6% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Danaher Stock Up 0.3%

DHR stock opened at $194.17 on Wednesday. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The stock has a market capitalization of $137.42 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 2.47 and a beta of 0.79. The business’s fifty day moving average price is $179.65 and its two-hundred day moving average price is $199.92.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. Danaher’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. On average, equities analysts anticipate that Danaher Corporation will post 8.44 earnings per share for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio is currently 30.95%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Wolfe Research downgraded shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. TD Cowen reduced their target price on Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.52.

About Danaher

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.