ABN AMRO Bank N.V. Lowers Stock Holdings in Danaher Corporation $DHR

ABN AMRO Bank N.V. decreased its holdings in Danaher Corporation (NYSE:DHR) by 96.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405 shares of the conglomerate’s stock after selling 35,967 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Danaher were worth $264,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DHR. Bank Pictet & Cie Europe AG boosted its position in Danaher by 25.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after purchasing an additional 74,301 shares during the period. Maxi Investments CY Ltd acquired a new position in Danaher during the 3rd quarter worth approximately $3,251,000. Northwestern Mutual Wealth Management Co. lifted its position in Danaher by 303.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after acquiring an additional 186,584 shares in the last quarter. Defender Capital LLC. purchased a new position in Danaher in the 4th quarter worth approximately $35,715,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Danaher in the 3rd quarter worth approximately $17,480,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DHR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. Robert W. Baird reduced their target price on Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. The Goldman Sachs Group cut their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. reduced their price objective on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Guggenheim lowered their price objective on Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.61.

Danaher Price Performance

Shares of NYSE:DHR opened at $195.67 on Monday. The firm’s 50 day moving average is $178.81 and its two-hundred day moving average is $201.53. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $138.49 billion, a P/E ratio of 37.85, a PEG ratio of 2.50 and a beta of 0.81. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80.

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

Danaher Dividend Announcement

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

Danaher 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.