Danaher Corporation $DHR Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. trimmed its position in shares of Danaher Corporation (NYSE:DHR) by 31.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,285 shares of the conglomerate’s stock after selling 11,849 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Danaher were worth $4,984,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new position in shares of Danaher during the 4th quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Danaher in the 4th quarter worth about $27,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Danaher by 71.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 53 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Danaher during the 3rd quarter valued at about $25,000. Finally, WFA of San Diego LLC purchased a new position in Danaher during the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DHR shares. Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. cut their price objective on Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. Finally, UBS Group lowered their target price on Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Danaher Stock Up 2.1%

DHR stock opened at $204.93 on Friday. The stock has a market capitalization of $145.04 billion, a P/E ratio of 39.64, a PEG ratio of 2.47 and a beta of 0.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The company has a 50 day moving average price of $182.61 and a two-hundred day moving average price of $198.44.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. As a group, sell-side analysts expect that Danaher Corporation will post 8.45 EPS for the current year.

Danaher Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

Danaher Company 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.