Insight 2811 Inc. Decreases Stock Position in Danaher Co. (NYSE:DHR)

Insight 2811 Inc. trimmed its holdings in Danaher Co. (NYSE:DHR) by 9.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,829 shares of the conglomerate’s stock after selling 199 shares during the period. Insight 2811 Inc.’s holdings in Danaher were worth $509,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Danaher in the second quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in Danaher in the 2nd quarter valued at approximately $25,000. MFA Wealth Advisors LLC acquired a new stake in Danaher during the 2nd quarter valued at $51,000. Financial Connections Group Inc. purchased a new position in Danaher during the second quarter worth $51,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Danaher in the first quarter worth $55,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Leerink Partners boosted their target price on shares of Danaher from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on shares of Danaher from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Evercore ISI lifted their target price on shares of Danaher from $275.00 to $278.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Barclays reduced their price target on Danaher from $285.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, TD Cowen lifted their price objective on Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and an average price target of $287.16.

Insider Transactions at Danaher

In other news, SVP Georgeann Couchara sold 952 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $268.37, for a total transaction of $255,488.24. Following the completion of the transaction, the senior vice president now owns 4,212 shares in the company, valued at approximately $1,130,374.44. This trade represents a 18.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.10% of the company’s stock.

Danaher Stock Down 1.7 %

NYSE DHR traded down $3.97 during trading hours on Friday, reaching $235.41. 522,831 shares of the company traded hands, compared to its average volume of 2,737,974. The stock has a market capitalization of $170.03 billion, a PE ratio of 45.00, a PEG ratio of 4.44 and a beta of 0.85. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. Danaher Co. has a 12 month low of $206.30 and a 12 month high of $281.70. The company has a 50 day moving average of $262.91 and a two-hundred day moving average of $260.49.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating the consensus estimate of $1.57 by $0.14. Danaher had a net margin of 16.39% and a return on equity of 10.62%. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the business posted $2.02 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Danaher Co. will post 7.51 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Friday, September 27th. Danaher’s dividend payout ratio is currently 20.61%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.