Timber Creek Capital Management LLC Sells 1,326 Shares of Danaher Co. (NYSE:DHR)

Timber Creek Capital Management LLC lowered its stake in Danaher Co. (NYSE:DHR) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 15,241 shares of the conglomerate’s stock after selling 1,326 shares during the period. Timber Creek Capital Management LLC’s holdings in Danaher were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB purchased a new position in Danaher in the third quarter worth about $5,923,000. Howard Capital Management Group LLC raised its position in Danaher by 4.1% in the third 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. Vest Financial LLC boosted its stake in shares of Danaher by 207.1% during the 3rd quarter. Vest Financial LLC now owns 2,752 shares of the conglomerate’s stock worth $765,000 after acquiring an additional 1,856 shares during the last quarter. Community Financial Services Group LLC grew its position in shares of Danaher by 3.5% during the 3rd quarter. Community Financial Services Group LLC now owns 16,820 shares of the conglomerate’s stock valued at $4,676,000 after acquiring an additional 570 shares during the period. Finally, Evernest Financial Advisors LLC increased its stake in shares of Danaher by 1.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 4,853 shares of the conglomerate’s stock worth $1,349,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the subject of a number of analyst reports. Guggenheim initiated coverage on Danaher in a research report on Thursday, December 19th. They issued a “buy” rating and a $275.00 price target for the company. StockNews.com cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $277.00 price objective (down from $299.00) on shares of Danaher in a research note on Thursday, January 30th. Stephens reaffirmed an “overweight” rating and issued a $315.00 target price on shares of Danaher in a report on Wednesday, October 23rd. Finally, Scotiabank assumed coverage on Danaher in a research note on Monday, December 23rd. They issued a “sector perform” rating and a $265.00 price objective for the company. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Activity at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 20,230 shares in the company, valued at $4,534,149.90. The trade was a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by insiders.

Danaher Trading Down 1.0 %

Shares of NYSE DHR opened at $204.22 on Wednesday. Danaher Co. has a 1-year low of $196.80 and a 1-year high of $281.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.40 and a quick ratio of 1.05. The business’s 50 day moving average is $228.34 and its two-hundred day moving average is $248.10. The stock has a market capitalization of $147.50 billion, a P/E ratio of 38.68, a PEG ratio of 2.68 and a beta of 0.83.

Danaher (NYSE:DHR) last released its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter last year, the firm posted $2.09 EPS. As a group, research analysts expect that Danaher Co. will post 7.67 EPS for the current year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.53%. Danaher’s dividend payout ratio is presently 20.45%.

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.