Danaher Corporation $DHR Shares Sold by Mariner LLC

Mariner LLC cut its holdings in shares of Danaher Corporation (NYSE:DHR) by 19.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 340,058 shares of the conglomerate’s stock after selling 81,553 shares during the period. Mariner LLC’s holdings in Danaher were worth $77,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Enterprise Financial Services Corp grew its position in shares of Danaher by 1.4% during the 4th quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock valued at $737,000 after acquiring an additional 46 shares during the period. Kennebec Savings Bank grew its position in shares of Danaher by 1.4% during the 4th quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock valued at $766,000 after acquiring an additional 46 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Danaher by 2.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock valued at $428,000 after acquiring an additional 47 shares during the period. High Note Wealth LLC grew its position in shares of Danaher by 19.2% during the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock valued at $67,000 after acquiring an additional 47 shares during the period. Finally, First Command Advisory Services Inc. boosted its holdings in Danaher by 4.4% in the 4th quarter. First Command Advisory Services Inc. now owns 1,104 shares of the conglomerate’s stock worth $253,000 after buying an additional 47 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DHR shares. Royal Bank Of Canada started coverage on Danaher in a report on Thursday, May 14th. They issued an “outperform” rating and a $200.00 price objective on the stock. Wall Street Zen cut Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Evercore lifted their price objective on Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Robert W. Baird lowered their price objective on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $245.00 price objective on shares of Danaher in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average price target of $233.61.

Danaher Trading Up 0.5%

Shares of Danaher stock opened at $181.04 on Tuesday. The stock has a market cap of $128.13 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.30 and a beta of 0.81. The stock’s 50 day simple moving average is $180.73 and its 200-day simple moving average is $204.27. Danaher Corporation has a 1-year low of $160.93 and a 1-year 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.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.91% and a net margin of 14.89%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 EPS. Analysts predict that Danaher Corporation will post 8.45 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th. Danaher’s payout ratio is currently 30.95%.

Danaher Company Profile

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.