Cypress Asset Management Inc. TX Sells 7,637 Shares of Danaher Corporation $DHR

Cypress Asset Management Inc. TX cut its holdings in shares of Danaher Corporation (NYSE:DHR) by 62.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,530 shares of the conglomerate’s stock after selling 7,637 shares during the period. Cypress Asset Management Inc. TX’s holdings in Danaher were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new stake in shares of Danaher during the fourth quarter worth about $27,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 53 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Danaher during the 2nd quarter worth approximately $25,000. Main Street Group LTD acquired a new stake in Danaher during the 1st quarter worth approximately $25,000. Finally, Field & Main Bank acquired a new stake in Danaher during the 2nd quarter worth approximately $29,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHR has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. UBS Group started coverage on shares of Danaher in a research report on Wednesday, September 9th. They issued a “buy” rating and a $250.00 price objective on the stock. Royal Bank Of Canada increased their target price on Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday. Evercore restated an “outperform” rating and issued a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Finally, Piper Sandler assumed coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average price target of $235.23.

Danaher Trading Down 0.5%

Danaher stock opened at $217.33 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The firm has a 50-day moving average of $210.88 and a 200-day moving average of $194.44. The company has a market cap of $152.78 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 2.72 and a beta of 0.76. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Danaher’s payout ratio is presently 28.42%.

About Danaher

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.