Teachers Retirement System of The State of Kentucky Sells 4,878 Shares of Danaher Co. (NYSE:DHR)

Teachers Retirement System of The State of Kentucky trimmed its position in Danaher Co. (NYSE:DHR - Free Report) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,816 shares of the conglomerate's stock after selling 4,878 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Danaher were worth $23,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DHR. Benjamin Edwards Inc. raised its stake in Danaher by 1.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,153 shares of the conglomerate's stock worth $538,000 after buying an additional 38 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Danaher by 3.2% in the third quarter. Wedge Capital Management L L P NC now owns 1,231 shares of the conglomerate's stock worth $342,000 after acquiring an additional 38 shares in the last quarter. Trust Co of Kansas raised its position in shares of Danaher by 4.1% during the second quarter. Trust Co of Kansas now owns 1,022 shares of the conglomerate's stock worth $255,000 after purchasing an additional 40 shares during the period. Abacus Planning Group Inc. lifted its holdings in shares of Danaher by 0.7% during the 2nd quarter. Abacus Planning Group Inc. now owns 5,439 shares of the conglomerate's stock valued at $1,359,000 after purchasing an additional 40 shares in the last quarter. Finally, Certified Advisory Corp grew its position in shares of Danaher by 4.5% in the 2nd quarter. Certified Advisory Corp now owns 926 shares of the conglomerate's stock valued at $231,000 after purchasing an additional 40 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHR has been the topic of a number of research reports. Robert W. Baird cut their price target on shares of Danaher from $278.00 to $277.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Barclays cut their price objective on shares of Danaher from $285.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Stephens reiterated an "overweight" rating and set a $315.00 target price on shares of Danaher in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on Danaher from $250.00 to $265.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Finally, TD Cowen raised their target price on shares of Danaher from $310.00 to $315.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $287.16.

Danaher Stock Performance

Shares of DHR stock traded down $0.90 during midday trading on Thursday, hitting $234.50. 3,988,403 shares of the company were exchanged, compared to its average volume of 2,786,486. Danaher Co. has a 52 week low of $219.15 and a 52 week high of $281.70. The firm has a market capitalization of $169.37 billion, a P/E ratio of 44.75, a PEG ratio of 4.23 and a beta of 0.83. The firm's 50 day moving average price is $248.34 and its two-hundred day moving average price is $257.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.14. The company had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.59 billion. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, equities research analysts anticipate that Danaher Co. will post 7.5 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. Danaher's dividend payout ratio (DPR) is presently 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.