Greenwood Capital Associates LLC Sells 3,595 Shares of Danaher Co. (NYSE:DHR)

Greenwood Capital Associates LLC trimmed its stake in Danaher Co. (NYSE:DHR) by 10.7% during the 4th quarter, Holdings Channel reports. The firm owned 29,931 shares of the conglomerate’s stock after selling 3,595 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Danaher were worth $6,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DHR. Heck Capital Advisors LLC bought a new position in shares of Danaher in the 4th quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in Danaher in the fourth quarter valued at $31,000. Teachers Insurance & Annuity Association of America purchased a new stake in Danaher during the third quarter valued at about $39,000. MidAtlantic Capital Management Inc. bought a new stake in Danaher during the third quarter worth about $40,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Danaher in the 3rd quarter worth about $50,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $277.00 target price (down previously from $299.00) on shares of Danaher in a research report on Thursday, January 30th. Raymond James reissued a “market perform” rating on shares of Danaher in a research note on Monday. Stifel Nicolaus increased their target price on shares of Danaher from $250.00 to $265.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Wolfe Research raised shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Danaher from $310.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Insider Buying and Selling at Danaher

In related news, SVP Brian W. Ellis sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the completion of the sale, the senior vice president now owns 20,230 shares of the company’s stock, valued at $4,534,149.90. This trade represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.90% of the stock is owned by company insiders.

Danaher Stock Performance

Shares of Danaher stock opened at $212.62 on Tuesday. Danaher Co. has a 12 month low of $214.03 and a 12 month high of $281.70. The firm has a market capitalization of $153.57 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.80 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $235.40 and a two-hundred day simple moving average of $253.09.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, hitting the consensus estimate of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same quarter last year, the company earned $2.09 EPS. On average, equities analysts forecast that Danaher Co. will post 7.77 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, December 27th. Danaher’s dividend payout ratio (DPR) is presently 20.45%.

About Danaher

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.