Teachers Retirement System of The State of Kentucky Has $18.64 Million Holdings in Danaher Co. (NYSE:DHR)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Danaher Co. (NYSE:DHR - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,181 shares of the conglomerate's stock after selling 3,635 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Danaher were worth $18,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Howard Capital Management Group LLC increased its holdings in shares of Danaher by 4.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,229 shares of the conglomerate's stock worth $342,000 after acquiring an additional 48 shares during the period. Tudor Financial Inc. bought a new stake in shares of Danaher during the third quarter valued at approximately $414,000. Anchor Investment Management LLC boosted its position in shares of Danaher by 1.3% during the third quarter. Anchor Investment Management LLC now owns 6,039 shares of the conglomerate's stock worth $1,679,000 after buying an additional 78 shares during the period. World Investment Advisors LLC grew its holdings in Danaher by 5.3% in the 3rd quarter. World Investment Advisors LLC now owns 12,948 shares of the conglomerate's stock worth $3,600,000 after buying an additional 648 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in Danaher in the 3rd quarter valued at approximately $254,000. Institutional investors own 79.05% of the company's stock.

Insider Activity at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 20,230 shares in the company, valued at $4,534,149.90. This represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DHR has been the subject of several recent analyst reports. Stifel Nicolaus raised Danaher from a "hold" rating to a "buy" rating and set a $260.00 price target for the company in a research note on Friday, March 14th. Wells Fargo & Company decreased their price objective on shares of Danaher from $280.00 to $240.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of Danaher in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Danaher from $280.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Robert W. Baird cut their price objective on Danaher from $231.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.40.

Danaher Stock Up 0.4 %

Shares of DHR stock traded up $0.87 during trading on Friday, hitting $197.37. 2,608,662 shares of the company were exchanged, compared to its average volume of 3,350,769. The business's 50-day simple moving average is $201.01 and its 200 day simple moving average is $225.07. Danaher Co. has a twelve month low of $171.00 and a twelve month high of $281.70. The firm has a market capitalization of $141.06 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 2.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40.

Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 EPS for the quarter, beating the consensus estimate of $1.62 by $0.26. Danaher had a net margin of 16.33% and a return on equity of 10.82%. The business had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.58 billion. As a group, analysts forecast that Danaher Co. will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.65%. This is a positive change from Danaher's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 28th. Danaher's payout ratio is currently 24.85%.

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.