Danaher Corporation $DHR Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its holdings in Danaher Corporation (NYSE:DHR) by 24.7% in the third quarter, Holdings Channel.com reports. The firm owned 379,781 shares of the conglomerate’s stock after selling 124,445 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Danaher were worth $75,299,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DHR. Koshinski Asset Management Inc. grew its holdings in Danaher by 11.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,285 shares of the conglomerate’s stock valued at $453,000 after buying an additional 243 shares during the period. Zeno Equity Partners LLP lifted its holdings in shares of Danaher by 2.6% during the 3rd quarter. Zeno Equity Partners LLP now owns 265,795 shares of the conglomerate’s stock worth $52,756,000 after acquiring an additional 6,856 shares during the period. Ellerson Group Inc. ADV boosted its position in shares of Danaher by 0.8% in the third quarter. Ellerson Group Inc. ADV now owns 14,292 shares of the conglomerate’s stock worth $2,834,000 after acquiring an additional 107 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ grew its holdings in Danaher by 1.6% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 201,296 shares of the conglomerate’s stock valued at $39,909,000 after purchasing an additional 3,244 shares during the period. Finally, Advyzon Investment Management LLC grew its holdings in Danaher by 17.1% in the third quarter. Advyzon Investment Management LLC now owns 2,051 shares of the conglomerate’s stock valued at $407,000 after purchasing an additional 300 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHR. Wells Fargo & Company increased their price target on shares of Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. TD Cowen reiterated a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Guggenheim boosted their price target on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Finally, Evercore restated an “outperform” rating and set a $254.00 price target on shares of Danaher in a research note on Wednesday, January 28th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $253.86.

Danaher Stock Performance

NYSE:DHR opened at $209.56 on Friday. The firm’s fifty day simple moving average is $226.85 and its 200 day simple moving average is $215.89. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. Danaher Corporation has a twelve month low of $171.00 and a twelve month high of $242.80. The firm 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.

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

Danaher Dividend Announcement

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

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. This represents a 20.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.10% of the company’s stock.

Danaher 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.