Ramsay Stattman Vela & Price Inc. Trims Stock Position in Danaher Corporation $DHR

Ramsay Stattman Vela & Price Inc. trimmed its stake in shares of Danaher Corporation (NYSE:DHR) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,817 shares of the conglomerate’s stock after selling 3,409 shares during the quarter. Danaher comprises 2.2% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 15th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Danaher were worth $11,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of DHR. State Street Corp raised its stake in shares of Danaher by 1.7% during the fourth quarter. State Street Corp now owns 27,681,334 shares of the conglomerate’s stock worth $6,345,529,000 after purchasing an additional 472,608 shares during the last quarter. Capital International Investors grew its position in Danaher by 8.9% in the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate’s stock valued at $4,177,386,000 after buying an additional 1,487,768 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Danaher by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,973,240 shares of the conglomerate’s stock valued at $3,656,595,000 after buying an additional 1,334,221 shares during the last quarter. Wellington Management Group LLP increased its stake in Danaher by 11.2% in the 4th quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate’s stock valued at $3,451,380,000 after buying an additional 1,517,904 shares during the period. Finally, Norges Bank acquired a new position in Danaher in the 4th quarter valued at $2,177,106,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Danaher Price Performance

Danaher stock opened at $195.75 on Friday. The company has a market cap of $138.54 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 2.43 and a beta of 0.79. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The business has a fifty day moving average of $180.18 and a two-hundred day moving average of $199.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

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

Danaher Announces Dividend

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

Analyst Ratings Changes

DHR has been the subject of several recent analyst reports. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. Wells Fargo & Company dropped their price target on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 22nd. HSBC cut their price target on shares of Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada initiated coverage on Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Danaher has a consensus 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.