Dimensional Fund Advisors LP Sells 73,604 Shares of Danaher Corporation $DHR

Dimensional Fund Advisors LP trimmed its holdings in Danaher Corporation (NYSE:DHR) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,526,634 shares of the conglomerate’s stock after selling 73,604 shares during the period. Dimensional Fund Advisors LP’s holdings in Danaher were worth $500,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Danaher during the 2nd quarter valued at about $26,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Danaher during the third quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new stake in Danaher during the second quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in Danaher in the 3rd quarter valued at $28,000. Finally, Tripletail Wealth Management LLC purchased a new stake in Danaher in the 3rd quarter valued at $31,000. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Wells Fargo & Company boosted their target price on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. Morgan Stanley began coverage on Danaher in a report on Monday, December 1st. They issued an “overweight” rating and a $270.00 target price for the company. Jefferies Financial Group lifted their price target on Danaher from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, TD Cowen reissued a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.86.

Insider Activity

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Danaher Trading Up 0.4%

Shares of DHR stock opened at $204.74 on Thursday. The stock has a market capitalization of $144.78 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.76 and a beta of 0.93. The company’s fifty day simple moving average is $223.81 and its two-hundred day simple moving average is $216.12. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51.

Danaher (NYSE:DHR) last posted its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.09. The business had revenue of $6.84 billion during 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 company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.14 EPS. As a group, analysts anticipate that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a dividend of $0.40 per share. This is an increase from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Danaher’s dividend payout ratio is 25.40%.

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.