Royal London Asset Management Ltd. Sells 1,565 Shares of Danaher Co. (NYSE:DHR)

Royal London Asset Management Ltd. cut its holdings in Danaher Co. (NYSE:DHR - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,102 shares of the conglomerate's stock after selling 1,565 shares during the period. Royal London Asset Management Ltd.'s holdings in Danaher were worth $75,086,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Danaher in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Danaher in the 4th quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in shares of Danaher during the 4th quarter valued at $31,000. Strategic Financial Concepts LLC acquired a new stake in shares of Danaher during the 4th quarter worth $31,000. Finally, Pineridge Advisors LLC increased its position in shares of Danaher by 63.3% in the fourth quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate's stock worth $34,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 79.05% of the company's stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several recent analyst reports. Raymond James reaffirmed a "market perform" rating on shares of Danaher in a research report on Monday, February 3rd. Scotiabank started coverage on shares of Danaher in a research report on Monday, December 23rd. They set a "sector perform" rating and a $265.00 price target on the stock. Guggenheim assumed coverage on shares of Danaher in a research note on Thursday, December 19th. They issued a "buy" rating and a $275.00 price objective on the stock. Bank of America upgraded Danaher from a "neutral" rating to a "buy" rating and set a $290.00 target price for the company in a research note on Friday, December 13th. Finally, Robert W. Baird lowered their price target on Danaher from $277.00 to $268.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $278.24.

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Danaher Stock Up 0.8 %

NYSE:DHR traded up $1.61 during trading hours on Monday, reaching $212.97. The company had a trading volume of 3,615,085 shares, compared to its average volume of 3,019,141. The business's 50-day simple moving average is $217.46 and its two-hundred day simple moving average is $238.50. Danaher Co. has a twelve month low of $196.80 and a twelve month high of $281.70. The firm has a market cap of $152.21 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.66 and a beta of 0.82. 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 (NYSE:DHR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, meeting analysts' consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same period last year, the business posted $2.09 earnings per share. On average, equities analysts expect that Danaher Co. will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.32 dividend. This is a boost from Danaher's previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, March 28th. Danaher's dividend payout ratio (DPR) is currently 24.24%.

Insider Activity at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 20,230 shares in the company, valued at $4,534,149.90. This trade represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by insiders.

Danaher Company Profile

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.