California Public Employees Retirement System Has $270.06 Million Position in Danaher Corporation $DHR

California Public Employees Retirement System lessened its holdings in Danaher Corporation (NYSE:DHR) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,367,132 shares of the conglomerate’s stock after selling 25,262 shares during the period. California Public Employees Retirement System owned about 0.19% of Danaher worth $270,063,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Red Tortoise LLC grew its stake in Danaher by 175.0% during the 2nd quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 98 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in Danaher during the second quarter valued at approximately $40,000. Twin Peaks Wealth Advisors LLC acquired a new position in Danaher in the 2nd quarter valued at approximately $51,000. Strengthening Families & Communities LLC lifted its position in Danaher by 81.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 254 shares of the conglomerate’s stock worth $52,000 after buying an additional 114 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of Danaher during the 1st quarter valued at $52,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Georgeann Couchara sold 5,174 shares of Danaher stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $210.42, for a total value of $1,088,713.08. Following the transaction, the senior vice president directly owned 2,625 shares in the company, valued at approximately $552,352.50. The trade was a 66.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Teri List sold 3,298 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total value of $746,997.00. Following the sale, the director owned 20,762 shares of the company’s stock, valued at approximately $4,702,593. The trade was a 13.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,248 shares of company stock valued at $6,609,663. 11.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DHR shares. Morgan Stanley began coverage on shares of Danaher in a research note on Monday, December 1st. They issued an “overweight” rating and a $270.00 price target on the stock. Rothschild Redb lowered Danaher from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Danaher in a research note on Wednesday, October 8th. Wells Fargo & Company reissued a “positive” rating on shares of Danaher in a research note on Thursday, October 23rd. Finally, Cowen restated a “buy” rating on shares of Danaher in a report on Wednesday, October 22nd. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and an average price target of $245.75.

Danaher Stock Down 0.4%

DHR opened at $226.20 on Friday. The business has a 50 day moving average price of $216.22 and a 200 day moving average price of $204.36. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $258.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market cap of $159.78 billion, a P/E ratio of 46.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.89.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Monday, October 20th. The conglomerate reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, September 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, September 26th. Danaher’s dividend payout ratio is 26.39%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.