Anchor Investment Management LLC Sells 4,317 Shares of Danaher Corporation $DHR

Anchor Investment Management LLC reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 48.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,614 shares of the conglomerate’s stock after selling 4,317 shares during the period. Anchor Investment Management LLC’s holdings in Danaher were worth $915,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Danaher during the 2nd quarter worth $1,979,503,000. Viking Global Investors LP increased its stake in shares of Danaher by 543.9% in the 2nd quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock worth $574,351,000 after purchasing an additional 2,455,994 shares in the last quarter. Generation Investment Management LLP raised its holdings in Danaher by 34.0% in the 3rd quarter. Generation Investment Management LLP now owns 6,654,666 shares of the conglomerate’s stock worth $1,319,354,000 after purchasing an additional 1,689,020 shares during the period. Ameriprise Financial Inc. raised its holdings in Danaher by 211.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,088,089 shares of the conglomerate’s stock worth $414,038,000 after purchasing an additional 1,418,243 shares during the period. Finally, Primecap Management Co. CA lifted its position in Danaher by 924.2% during the second quarter. Primecap Management Co. CA now owns 1,239,320 shares of the conglomerate’s stock valued at $244,815,000 after purchasing an additional 1,118,318 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Danaher Price Performance

NYSE:DHR opened at $187.34 on Monday. The business’s 50-day simple moving average is $218.79 and its two-hundred day simple moving average is $215.48. Danaher Corporation has a 52 week low of $171.00 and a 52 week high of $242.80. The stock has a market cap of $132.47 billion, a PE ratio of 37.17, a P/E/G ratio of 2.54 and a beta of 0.93. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.79 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts forecast that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, March 27th. This is a positive change from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio is currently 25.40%.

Insider Transactions at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were 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 directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This trade represents a 20.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Evercore restated an “outperform” rating and issued a $254.00 price target on shares of Danaher in a research report on Wednesday, January 28th. Leerink Partners lifted their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. KeyCorp reiterated an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Robert W. Baird set a $251.00 target price on shares of Danaher in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $253.55.

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.