Danaher Co. (NYSE:DHR) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in shares of Danaher Co. (NYSE:DHR - Free Report) by 99.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,571 shares of the conglomerate's stock after selling 428,393 shares during the period. International Assets Investment Management LLC's holdings in Danaher were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DHR. Fort Pitt Capital Group LLC lifted its holdings in shares of Danaher by 3.2% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 238,092 shares of the conglomerate's stock valued at $66,194,000 after purchasing an additional 7,421 shares during the last quarter. Good Life Advisors LLC acquired a new stake in shares of Danaher in the third quarter valued at approximately $217,000. Harvest Portfolios Group Inc. boosted its holdings in shares of Danaher by 1.2% in the third quarter. Harvest Portfolios Group Inc. now owns 202,263 shares of the conglomerate's stock valued at $56,233,000 after acquiring an additional 2,465 shares during the period. Stifel Financial Corp grew its position in shares of Danaher by 1.3% during the third quarter. Stifel Financial Corp now owns 847,348 shares of the conglomerate's stock worth $235,583,000 after acquiring an additional 11,216 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Danaher in the 3rd quarter valued at $24,204,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Scotiabank assumed coverage on shares of Danaher in a research note on Monday, December 23rd. They issued a "sector perform" rating and a $265.00 price objective on the stock. Stephens restated an "overweight" rating and issued a $315.00 price target on shares of Danaher in a research report on Wednesday, October 23rd. Robert W. Baird decreased their price objective on Danaher from $278.00 to $277.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on Danaher from $275.00 to $278.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Finally, TD Cowen increased their price target on Danaher from $310.00 to $315.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Danaher has a consensus rating of "Moderate Buy" and a consensus target price of $286.80.

Danaher Trading Down 1.3 %

NYSE:DHR traded down $3.01 on Friday, hitting $235.08. 2,863,252 shares of the stock were exchanged, compared to its average volume of 3,072,584. The stock has a market cap of $169.79 billion, a PE ratio of 44.86, a PEG ratio of 4.32 and a beta of 0.83. Danaher Co. has a fifty-two week low of $222.53 and a fifty-two week high of $281.70. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $235.67 and a 200-day moving average of $253.73.

Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the firm posted $2.02 earnings per share. Danaher's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Danaher Co. will post 7.5 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 0.46%. Danaher's dividend payout ratio is currently 20.61%.

Danaher 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.