First National Trust Co Sells 447 Shares of Danaher Co. (NYSE:DHR)

First National Trust Co cut its position in shares of Danaher Co. (NYSE:DHR) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 24,073 shares of the conglomerate’s stock after selling 447 shares during the quarter. First National Trust Co’s holdings in Danaher were worth $6,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in Danaher by 3.0% during the 3rd quarter. Harbour Investments Inc. now owns 1,531 shares of the conglomerate’s stock valued at $426,000 after purchasing an additional 45 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Danaher during the 3rd quarter worth about $6,701,000. Apollon Wealth Management LLC boosted its holdings in shares of Danaher by 1.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 21,915 shares of the conglomerate’s stock worth $6,093,000 after buying an additional 272 shares during the period. Weil Company Inc. grew its stake in Danaher by 33.8% in the 3rd quarter. Weil Company Inc. now owns 1,445 shares of the conglomerate’s stock valued at $402,000 after buying an additional 365 shares during the last quarter. Finally, Catalytic Wealth RIA LLC raised its holdings in Danaher by 54.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 2,051 shares of the conglomerate’s stock valued at $570,000 after acquiring an additional 722 shares during the period. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stephens reaffirmed an “overweight” rating and issued a $315.00 target price on shares of Danaher in a research report on Wednesday, October 23rd. StockNews.com upgraded Danaher from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird reduced their target price on shares of Danaher from $278.00 to $277.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Danaher in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $280.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Danaher from $250.00 to $265.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.16.

Danaher Stock Down 0.9 %

Shares of NYSE DHR opened at $243.25 on Tuesday. The stock has a 50-day moving average price of $264.37 and a two-hundred day moving average price of $260.82. Danaher Co. has a 12 month low of $193.75 and a 12 month 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 company has a market cap of $175.69 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 4.51 and a beta of 0.85.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating the consensus estimate of $1.57 by $0.14. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.59 billion. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 EPS. As a group, analysts forecast that Danaher Co. will post 7.51 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given a $0.27 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.08 annualized dividend and a yield of 0.44%. Danaher’s dividend payout ratio is presently 20.61%.

Insider Activity

In other news, SVP Georgeann Couchara sold 952 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $268.37, for a total value of $255,488.24. Following the completion of the transaction, the senior vice president now owns 4,212 shares of the company’s stock, valued at $1,130,374.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 11.10% of the company’s stock.

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.