Kingsview Wealth Management LLC Sells 158,246 Shares of Danaher Corporation $DHR

Kingsview Wealth Management LLC decreased its holdings in shares of Danaher Corporation (NYSE:DHR) by 75.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,740 shares of the conglomerate’s stock after selling 158,246 shares during the period. Kingsview Wealth Management LLC’s holdings in Danaher were worth $10,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Danaher by 1.3% during the second quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock valued at $12,004,424,000 after purchasing an additional 788,499 shares during the period. Geode Capital Management LLC lifted its position in shares of Danaher by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 13,726,194 shares of the conglomerate’s stock valued at $2,697,800,000 after buying an additional 81,670 shares in the last quarter. Norges Bank bought a new position in shares of Danaher during the 2nd quarter valued at approximately $1,979,503,000. Generation Investment Management LLP increased its holdings in Danaher by 34.0% in the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock worth $1,319,354,000 after acquiring an additional 1,689,020 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Danaher by 4.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,822,442 shares of the conglomerate’s stock worth $952,625,000 after acquiring an additional 186,357 shares during the period. 79.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. The Goldman Sachs Group dropped their target price on shares of Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Finally, Leerink Partners increased their target price on Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Twenty equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.86.

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.20% of the stock is owned by insiders.

Danaher Price Performance

DHR stock opened at $206.02 on Tuesday. The firm has a market capitalization of $145.68 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $224.88 and a two-hundred day simple moving average of $216.25.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 earnings per share. Analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a $0.40 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is 25.40%.

Danaher 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.