iA Global Asset Management Inc. Trims Stock Position in Danaher Corporation $DHR

iA Global Asset Management Inc. cut its stake in Danaher Corporation (NYSE:DHR) by 92.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,911 shares of the conglomerate’s stock after selling 350,281 shares during the quarter. iA Global Asset Management Inc.’s holdings in Danaher were worth $5,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DHR. MQS Management LLC bought a new position in Danaher in the first quarter worth about $779,000. Premier Path Wealth Partners LLC lifted its holdings in Danaher by 3.1% in the first quarter. Premier Path Wealth Partners LLC now owns 2,551 shares of the conglomerate’s stock worth $484,000 after buying an additional 76 shares during the period. Granite Harbor Advisors Inc. grew its holdings in shares of Danaher by 17.4% during the 1st quarter. Granite Harbor Advisors Inc. now owns 1,142 shares of the conglomerate’s stock worth $217,000 after acquiring an additional 169 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of Danaher by 13.0% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,205 shares of the conglomerate’s stock worth $797,000 after acquiring an additional 485 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Danaher by 202.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 281 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 188 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Rothschild & Co Redburn set a $205.00 price objective on Danaher in a report on Friday, April 17th. The Goldman Sachs Group lowered their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Citigroup assumed coverage on shares of Danaher in a report on Tuesday, May 26th. They set a “buy” rating and a $230.00 target price on the stock. Finally, DZ Bank assumed coverage on shares of Danaher in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average target price of $233.61.

Danaher Price Performance

DHR opened at $193.81 on Thursday. The stock has a 50-day moving average price of $178.68 and a 200-day moving average price of $200.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.52. The firm has a market cap of $137.17 billion, a PE ratio of 37.49, a P/E/G ratio of 2.43 and a beta of 0.79. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. Danaher’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 EPS. Sell-side analysts predict that Danaher Corporation will post 8.44 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Danaher’s dividend payout ratio is presently 30.95%.

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.