AMF Tjanstepension AB Has $39.57 Million Stock Holdings in Danaher Corporation $DHR

AMF Tjanstepension AB reduced its position in Danaher Corporation (NYSE:DHR) by 46.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 199,586 shares of the conglomerate’s stock after selling 173,587 shares during the period. AMF Tjanstepension AB’s holdings in Danaher were worth $39,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in shares of Danaher in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new stake in Danaher in the 2nd quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in Danaher during the 3rd quarter valued at $28,000. Red Tortoise LLC boosted its position in Danaher by 175.0% during the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 98 shares during the period. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Danaher in the third quarter valued at $31,000. Institutional investors own 79.05% of the company’s stock.

Insider Buying and Selling

In other news, SVP Brian W. Ellis sold 21,776 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $219.23, for a total value of $4,773,952.48. Following the completion of the transaction, the senior vice president owned 14,553 shares of the company’s stock, valued at approximately $3,190,454.19. This represents a 59.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Georgeann Couchara sold 5,174 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $210.42, for a total transaction of $1,088,713.08. Following the completion of the transaction, the senior vice president directly owned 2,625 shares of the company’s stock, valued at approximately $552,352.50. The trade was a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 30,248 shares of company stock worth $6,609,663. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

DHR has been the subject of a number of research reports. TD Cowen restated a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Jefferies Financial Group raised their price objective on shares of Danaher from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Leerink Partners upped their target price on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Finally, Morgan Stanley assumed coverage on Danaher in a research note on Monday, December 1st. They issued an “overweight” rating and a $270.00 price target for the company. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.09.

Danaher Trading Down 2.2%

Shares of DHR stock opened at $234.91 on Friday. The stock has a market cap of $165.93 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 3.58 and a beta of 0.89. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $258.23. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $230.26 and a 200 day simple moving average of $213.17.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, December 26th. Danaher’s dividend payout ratio is 26.39%.

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.