Tritonpoint Wealth LLC Reduces Stock Holdings in Danaher Corporation $DHR

Tritonpoint Wealth LLC lowered its stake in shares of Danaher Corporation (NYSE:DHR) by 12.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,186 shares of the conglomerate’s stock after selling 8,870 shares during the quarter. Danaher makes up 1.5% of Tritonpoint Wealth LLC’s holdings, making the stock its 13th biggest position. Tritonpoint Wealth LLC’s holdings in Danaher were worth $14,943,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in Danaher in the 3rd quarter worth about $25,000. WFA of San Diego LLC purchased a new position in Danaher in the second quarter valued at about $26,000. Howard Hughes Medical Institute bought a new position in shares of Danaher during the 2nd quarter worth approximately $27,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Danaher during the third quarter worth $27,000. Finally, TruNorth Capital Management LLC acquired a new position in Danaher during the 3rd quarter valued at about $28,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DHR shares. Argus set a $265.00 price target on Danaher in a research report on Wednesday, January 14th. Jefferies Financial Group raised their price target on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Robert W. Baird set a $251.00 price objective on Danaher in a research report on Thursday, January 29th. Leerink Partners upped their price target on shares of Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Finally, Wells Fargo & Company increased their price objective on Danaher from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, December 15th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Insider Activity at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.10% of the company’s stock.

Danaher Stock Up 0.0%

Danaher stock opened at $191.18 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $135.30 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.59 and a beta of 0.95. The stock’s fifty day simple moving average is $204.49 and its 200-day simple moving average is $214.31. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect 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. Stockholders of record on Friday, March 27th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio (DPR) is currently 31.75%.

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.