Danaher Corporation $DHR Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its position in shares of Danaher Corporation (NYSE:DHR) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 332,416 shares of the conglomerate’s stock after selling 10,460 shares during the period. Cerity Partners LLC’s holdings in Danaher were worth $65,905,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC increased its stake in shares of Danaher by 27.2% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 5,136 shares of the conglomerate’s stock valued at $1,055,000 after purchasing an additional 1,099 shares in the last quarter. Sciencast Management LP acquired a new stake in Danaher in the first quarter valued at approximately $205,000. Caxton Associates LLP purchased a new stake in shares of Danaher in the first quarter valued at approximately $421,000. Arete Wealth Advisors LLC raised its stake in shares of Danaher by 6.2% during the 1st quarter. Arete Wealth Advisors LLC now owns 4,973 shares of the conglomerate’s stock worth $1,020,000 after buying an additional 292 shares during the period. Finally, Ascent Group LLC lifted its position in shares of Danaher by 147.8% during the 1st quarter. Ascent Group LLC now owns 4,491 shares of the conglomerate’s stock valued at $921,000 after buying an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Danaher from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Danaher in a research note on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Danaher in a research note on Monday. Robert W. Baird set a $247.00 price objective on Danaher in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group increased their target price on Danaher from $245.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $249.92.

Danaher Stock Performance

Shares of Danaher stock opened at $235.60 on Thursday. The business’s 50 day moving average price is $224.91 and its 200 day moving average price is $210.05. The company has a market cap of $166.41 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 4.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.52. Danaher Corporation has a one year low of $171.00 and a one year high of $258.23.

Danaher (NYSE:DHR) last issued its earnings results on Monday, October 20th. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. Danaher had a return on equity of 10.92% and a net margin of 14.44%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.5%. Danaher’s payout ratio is 26.39%.

Insider Buying and Selling at Danaher

In related news, Director Teri List sold 3,298 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.50, for a total value of $746,997.00. Following the transaction, the director directly owned 20,762 shares in the company, valued at approximately $4,702,593. This represents a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Georgeann Couchara sold 5,174 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president owned 2,625 shares of the company’s stock, valued at $552,352.50. The trade was a 66.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,248 shares of company stock worth $6,609,663 in the last ninety days. 11.10% of the stock is owned by insiders.

About Danaher

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.