Beacon Investment Advisory Services Inc. Sells 9,170 Shares of Danaher Corporation $DHR

Beacon Investment Advisory Services Inc. decreased its stake in Danaher Corporation (NYSE:DHR) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,009 shares of the conglomerate’s stock after selling 9,170 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Danaher were worth $18,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DHR. Sivia Capital Partners LLC increased its holdings in Danaher by 6.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after acquiring an additional 119 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in Danaher by 38.6% during the second quarter. CreativeOne Wealth LLC now owns 2,432 shares of the conglomerate’s stock valued at $480,000 after purchasing an additional 677 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Danaher by 11.2% in the second quarter. Advisors Asset Management Inc. now owns 7,218 shares of the conglomerate’s stock worth $1,426,000 after purchasing an additional 725 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Danaher by 54.9% in the second quarter. J.W. Cole Advisors Inc. now owns 4,429 shares of the conglomerate’s stock worth $875,000 after purchasing an additional 1,569 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Danaher by 6.1% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,084 shares of the conglomerate’s stock worth $1,202,000 after purchasing an additional 350 shares during the period. Institutional investors own 79.05% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the company’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 sale, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.20% of the company’s stock.

Danaher Price Performance

NYSE:DHR opened at $181.65 on Monday. The business’s 50-day moving average is $209.30 and its 200 day moving average is $214.70. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $242.80. The company has a market capitalization of $128.55 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.46 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.09. The business had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. On average, equities research analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Ratings Changes

DHR has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Morgan Stanley began coverage on shares of Danaher in a report on Monday, December 1st. They set an “overweight” rating and a $270.00 price objective for the company. Finally, Argus set a $265.00 target price on shares of Danaher in a report on Wednesday, January 14th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

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.