Danaher Corporation $DHR Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its position in Danaher Corporation (NYSE:DHR) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,497,958 shares of the conglomerate’s stock after selling 175,013 shares during the period. Artisan Partners Limited Partnership owned approximately 0.35% of Danaher worth $495,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHR. White Pine Capital LLC grew its position in Danaher by 1.4% during the second quarter. White Pine Capital LLC now owns 3,494 shares of the conglomerate’s stock worth $690,000 after buying an additional 49 shares during the period. SOL Capital Management CO lifted its stake in shares of Danaher by 2.8% during the 3rd quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after purchasing an additional 50 shares during the period. Purkiss Capital Advisors LLC increased its stake in shares of Danaher by 3.9% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,327 shares of the conglomerate’s stock valued at $263,000 after acquiring an additional 50 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Danaher by 0.7% during the 3rd quarter. TCTC Holdings LLC now owns 7,439 shares of the conglomerate’s stock valued at $1,475,000 after buying an additional 51 shares during the period. Finally, Howard Capital Management Group LLC raised its holdings in shares of Danaher by 4.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,159 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Trading Down 0.1%

Shares of NYSE:DHR opened at $209.35 on Friday. The firm has a fifty day moving average price of $225.62 and a 200 day moving average price of $216.09. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $148.04 billion, a PE ratio of 41.54, a P/E/G ratio of 2.83 and a beta of 0.91.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, beating the consensus estimate of $2.14 by $0.09. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 earnings per share. Analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be issued a $0.40 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s payout ratio is currently 25.40%.

Insider Activity at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DHR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. KeyCorp reiterated an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Monday, December 29th. Wall Street Zen raised shares of Danaher from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, HSBC boosted their price target on shares of Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus target price of $253.86.

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.