Motley Fool Wealth Management LLC Has $10.49 Million Stock Position in Danaher Co. (NYSE:DHR)

Motley Fool Wealth Management LLC reduced its position in Danaher Co. (NYSE:DHR) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,294 shares of the conglomerate’s stock after selling 1,742 shares during the period. Motley Fool Wealth Management LLC’s holdings in Danaher were worth $10,492,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DHR. Wellington Management Group LLP lifted its position in Danaher by 18.6% during the third quarter. Wellington Management Group LLP now owns 24,930,281 shares of the conglomerate’s stock worth $6,185,203,000 after acquiring an additional 3,905,449 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Danaher by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 8,183,501 shares of the conglomerate’s stock worth $2,030,327,000 after acquiring an additional 502,868 shares during the last quarter. Northern Trust Corp raised its position in shares of Danaher by 1.7% in the third quarter. Northern Trust Corp now owns 8,100,722 shares of the conglomerate’s stock valued at $2,009,789,000 after buying an additional 134,905 shares in the last quarter. Flossbach Von Storch AG raised its position in shares of Danaher by 1.8% in the fourth quarter. Flossbach Von Storch AG now owns 4,601,351 shares of the conglomerate’s stock valued at $1,064,477,000 after buying an additional 82,672 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Danaher by 13.2% during the third quarter. Invesco Ltd. now owns 4,070,455 shares of the conglomerate’s stock worth $1,009,880,000 after buying an additional 473,693 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Danaher

In other Danaher news, SVP Georgeann Couchara sold 2,622 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $242.67, for a total transaction of $636,280.74. Following the completion of the transaction, the senior vice president now owns 4,244 shares in the company, valued at $1,029,891.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Rainer Blair sold 47,175 shares of Danaher stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $249.22, for a total value of $11,756,953.50. Following the transaction, the chief executive officer now directly owns 115,995 shares of the company’s stock, valued at $28,908,273.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Georgeann Couchara sold 2,622 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $242.67, for a total transaction of $636,280.74. Following the transaction, the senior vice president now directly owns 4,244 shares in the company, valued at $1,029,891.48. The disclosure for this sale can be found here. Insiders have sold 106,565 shares of company stock worth $26,641,364 in the last 90 days. Insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DHR shares. Royal Bank of Canada boosted their target price on shares of Danaher from $254.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Raymond James boosted their target price on shares of Danaher from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Robert W. Baird boosted their price objective on shares of Danaher from $259.00 to $271.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup boosted their price objective on shares of Danaher from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, KeyCorp boosted their price objective on shares of Danaher from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.64.

Danaher Trading Up 0.3 %

DHR stock traded up $0.78 during midday trading on Friday, hitting $246.58. The stock had a trading volume of 2,710,446 shares, compared to its average volume of 2,710,897. The firm has a market cap of $182.64 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 3.79 and a beta of 0.83. The company has a current ratio of 1.85, a quick ratio of 1.37 and a debt-to-equity ratio of 0.31. Danaher Co. has a 1-year low of $182.09 and a 1-year high of $259.00. The business has a fifty day moving average price of $248.87 and a two-hundred day moving average price of $231.16.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.20. Danaher had a net margin of 16.78% and a return on equity of 11.43%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the business earned $2.36 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were given a $0.27 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, March 27th. This represents a $1.08 annualized dividend and a yield of 0.44%. Danaher’s dividend payout ratio (DPR) is presently 18.31%.

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.