Journey Advisory Group LLC Sells 12,079 Shares of Danaher Corporation $DHR

Journey Advisory Group LLC lowered its holdings in Danaher Corporation (NYSE:DHR) by 83.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,465 shares of the conglomerate’s stock after selling 12,079 shares during the period. Journey Advisory Group LLC’s holdings in Danaher were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. White Pine Capital LLC increased its position in shares of Danaher by 1.4% in the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock valued at $690,000 after acquiring an additional 49 shares during the last quarter. SOL Capital Management CO grew its stake in Danaher by 2.8% in the third quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock valued at $363,000 after purchasing an additional 50 shares in the last quarter. Purkiss Capital Advisors LLC increased its position in shares of Danaher by 3.9% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock worth $263,000 after purchasing an additional 50 shares during the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in shares of Danaher by 2.1% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 2,524 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 51 shares in the last quarter. Finally, TCTC Holdings LLC boosted its holdings in shares of Danaher by 0.7% in the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock valued at $1,475,000 after buying an additional 51 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DHR shares. Leerink Partners boosted their target price on shares of Danaher from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. HSBC upped their target price on shares of Danaher from $255.00 to $270.00 and gave the company a “buy” rating in a report on Monday, December 1st. Evercore reiterated an “outperform” rating and set a $254.00 price target on shares of Danaher in a report on Wednesday, January 28th. Finally, Argus set a $265.00 price objective on Danaher in a research note on Wednesday, January 14th. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average target price of $253.86.

Danaher Stock Performance

Shares of DHR stock opened at $209.56 on Friday. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The company has a market capitalization of $148.02 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 2.83 and a beta of 0.91. The company has a 50-day simple moving average of $226.85 and a 200 day simple moving average of $215.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same period last year, the business posted $2.14 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, December 26th were paid a $0.32 dividend. The ex-dividend date was Friday, December 26th. This represents a $1.28 annualized dividend and a yield of 0.6%. Danaher’s payout ratio is 25.40%.

About Danaher

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.