Quantbot Technologies LP Purchases Shares of 12,410 Danaher Co. (NYSE:DHR)

Quantbot Technologies LP purchased a new stake in shares of Danaher Co. (NYSE:DHR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,410 shares of the conglomerate's stock, valued at approximately $2,849,000.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Danaher in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Danaher during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in Danaher in the 4th quarter worth about $31,000. Strategic Financial Concepts LLC bought a new stake in Danaher in the fourth quarter worth about $31,000. Finally, Pineridge Advisors LLC boosted its position in shares of Danaher by 63.3% during the fourth quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate's stock valued at $34,000 after buying an additional 57 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on Danaher from $275.00 to $240.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Raymond James reissued a "market perform" rating on shares of Danaher in a research note on Monday, February 3rd. Stifel Nicolaus raised shares of Danaher from a "hold" rating to a "buy" rating and set a $260.00 price target on the stock in a research note on Friday, March 14th. The Goldman Sachs Group upgraded shares of Danaher from a "neutral" rating to a "buy" rating and set a $260.00 price objective for the company in a report on Friday, March 21st. Finally, StockNews.com downgraded shares of Danaher from a "buy" rating to a "hold" rating in a research note on Saturday, December 14th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $278.24.

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Insider Transactions at Danaher

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the completion of the sale, the senior vice president now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.10% of the company's stock.

Danaher Stock Down 0.1 %

Shares of DHR stock traded down $0.15 during trading hours on Thursday, reaching $210.26. 2,989,693 shares of the company's stock were exchanged, compared to its average volume of 3,015,485. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a market cap of $150.27 billion, a price-to-earnings ratio of 39.82, a P/E/G ratio of 2.66 and a beta of 0.82. Danaher Co. has a fifty-two week low of $196.80 and a fifty-two week high of $281.70. The stock's 50 day moving average is $215.86 and its 200-day moving average is $237.56.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter last year, the company posted $2.09 EPS. Analysts predict that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.32 dividend. The ex-dividend date is Friday, March 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Danaher's previous quarterly dividend of $0.27. Danaher's dividend payout ratio (DPR) is currently 24.24%.

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.