Texas Capital Bancshares Inc TX Sells 3,108 Shares of Danaher Corporation $DHR

Texas Capital Bancshares Inc TX lowered its position in shares of Danaher Corporation (NYSE:DHR) by 83.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 606 shares of the conglomerate’s stock after selling 3,108 shares during the period. Texas Capital Bancshares Inc TX’s holdings in Danaher were worth $120,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DHR. Temasek Holdings Private Ltd increased its position in shares of Danaher by 53.6% in the third quarter. Temasek Holdings Private Ltd now owns 168,806 shares of the conglomerate’s stock valued at $33,467,000 after acquiring an additional 58,906 shares during the period. Nicolet Advisory Services LLC boosted its holdings in shares of Danaher by 4.0% during the third quarter. Nicolet Advisory Services LLC now owns 2,613 shares of the conglomerate’s stock worth $546,000 after purchasing an additional 100 shares during the period. Perbak Capital Partners LLP boosted its holdings in shares of Danaher by 75.5% during the third quarter. Perbak Capital Partners LLP now owns 18,112 shares of the conglomerate’s stock worth $3,591,000 after purchasing an additional 7,794 shares during the period. Glenmede Investment Management LP grew its stake in shares of Danaher by 23.5% in the third quarter. Glenmede Investment Management LP now owns 83,802 shares of the conglomerate’s stock worth $16,615,000 after purchasing an additional 15,945 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Danaher during the 3rd quarter valued at about $225,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DHR shares. TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Argus set a $265.00 price objective on Danaher in a research report on Wednesday, January 14th. Guggenheim boosted their target price on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. JPMorgan Chase & Co. upped their target price on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, The Goldman Sachs Group dropped their price target on Danaher from $270.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.55.

Danaher Stock Performance

Shares of DHR opened at $187.34 on Friday. The company has a 50-day simple moving average of $218.79 and a two-hundred day simple moving average of $215.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. The firm has a market capitalization of $132.47 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.93. Danaher Corporation has a one year low of $171.00 and a one year high of $242.80.

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

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.40 per share. This is a boost from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, March 27th. Danaher’s dividend payout ratio is presently 25.40%.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the 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 completion of the transaction, the executive vice president owned 5,099 shares in the company, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is currently owned by insiders.

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.