ProShare Advisors LLC Lowers Position in Danaher Corporation $DHR

ProShare Advisors LLC decreased its stake in shares of Danaher Corporation (NYSE:DHR) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,358 shares of the conglomerate’s stock after selling 2,551 shares during the period. ProShare Advisors LLC’s holdings in Danaher were worth $22,673,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its stake in Danaher by 2.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,134 shares of the conglomerate’s stock valued at $32,343,000 after acquiring an additional 4,350 shares in the last quarter. German American Bancorp Inc. raised its holdings in shares of Danaher by 3.1% in the third quarter. German American Bancorp Inc. now owns 18,765 shares of the conglomerate’s stock valued at $3,720,000 after purchasing an additional 560 shares during the last quarter. Fullcircle Wealth LLC lifted its position in shares of Danaher by 24.7% during the third quarter. Fullcircle Wealth LLC now owns 4,069 shares of the conglomerate’s stock valued at $870,000 after purchasing an additional 807 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Danaher by 5.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 15,653 shares of the conglomerate’s stock valued at $3,103,000 after purchasing an additional 877 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Danaher by 37.7% during the third quarter. Smartleaf Asset Management LLC now owns 8,754 shares of the conglomerate’s stock worth $1,629,000 after purchasing an additional 2,397 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. HSBC boosted their price objective on Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Evercore reiterated an “outperform” rating and set a $254.00 target price on shares of Danaher in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $253.86.

Danaher Trading Up 1.4%

Shares of DHR opened at $219.66 on Wednesday. The firm has a market cap of $155.16 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 2.93 and a beta of 0.91. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $242.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The business has a 50-day moving average of $229.33 and a 200 day moving average of $215.37.

Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, research analysts forecast that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, December 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, December 26th. Danaher’s dividend payout ratio (DPR) is 25.40%.

Insider Activity at Danaher

In other Danaher news, Director Teri List sold 3,298 shares of Danaher stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total transaction of $746,997.00. Following the completion of the sale, the director directly owned 20,762 shares in the company, valued at $4,702,593. The trade was a 13.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.20% of the company’s stock.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.