Americana Partners LLC Has $5.86 Million Stock Holdings in Danaher Co. (NYSE:DHR)

Americana Partners LLC increased its holdings in Danaher Co. (NYSE:DHR - Free Report) by 1,142.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,527 shares of the conglomerate's stock after buying an additional 23,472 shares during the period. Americana Partners LLC's holdings in Danaher were worth $5,860,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Danaher by 39.4% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 33,498 shares of the conglomerate's stock valued at $7,689,000 after buying an additional 9,474 shares during the period. Strategic Advisors LLC lifted its position in Danaher by 168.3% in the 4th quarter. Strategic Advisors LLC now owns 9,317 shares of the conglomerate's stock valued at $2,139,000 after purchasing an additional 5,845 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Danaher by 20.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 2,586 shares of the conglomerate's stock valued at $594,000 after purchasing an additional 446 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in Danaher by 5.6% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 16,778 shares of the conglomerate's stock valued at $3,851,000 after purchasing an additional 885 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Danaher in the 4th quarter valued at about $31,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the transaction, the senior vice president now directly owns 20,230 shares of the company's stock, valued at approximately $4,534,149.90. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on DHR shares. Wells Fargo & Company cut their price objective on shares of Danaher from $280.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on shares of Danaher from $250.00 to $265.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Danaher from $285.00 to $265.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $277.00 price objective (down from $299.00) on shares of Danaher in a research report on Thursday, January 30th. Finally, TD Cowen boosted their price target on shares of Danaher from $310.00 to $315.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $278.00.

Danaher Trading Down 0.3 %

Shares of Danaher stock traded down $0.65 during trading on Wednesday, hitting $203.89. The stock had a trading volume of 2,719,353 shares, compared to its average volume of 4,455,794. The stock has a 50 day simple moving average of $228.34 and a 200 day simple moving average of $248.10. The company has a market capitalization of $147.26 billion, a PE ratio of 38.64, a P/E/G ratio of 2.63 and a beta of 0.83. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.31. Danaher Co. has a 1 year low of $196.80 and a 1 year high of $281.70.

Danaher (NYSE:DHR - Get Free Report) last released its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, hitting the consensus estimate of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same period in the prior year, the company earned $2.09 EPS. On average, research analysts expect that Danaher Co. will post 7.67 EPS for the current fiscal year.

Danaher Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, December 27th. Danaher's dividend payout ratio (DPR) is currently 20.45%.

About Danaher

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.