Allspring Global Investments Holdings LLC trimmed its stake in shares of Danaher Co. (NYSE:DHR – Get Rating) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,956 shares of the conglomerate’s stock after selling 89,478 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Danaher were worth $55,992,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Danaher by 515.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,348,688 shares of the conglomerate’s stock valued at $606,643,000 after purchasing an additional 1,966,793 shares in the last quarter. Vanguard Group Inc. boosted its position in Danaher by 1.9% in the third quarter. Vanguard Group Inc. now owns 53,690,131 shares of the conglomerate’s stock valued at $13,867,623,000 after buying an additional 995,501 shares in the last quarter. Castleview Partners LLC grew its stake in Danaher by 23,726.6% during the second quarter. Castleview Partners LLC now owns 791,996 shares of the conglomerate’s stock worth $3,124,000 after buying an additional 788,672 shares during the last quarter. First Trust Advisors LP grew its stake in Danaher by 176.9% during the third quarter. First Trust Advisors LP now owns 887,559 shares of the conglomerate’s stock worth $229,247,000 after buying an additional 567,006 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Danaher by 15.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,973,559 shares of the conglomerate’s stock worth $1,007,316,000 after buying an additional 523,791 shares in the last quarter. 77.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on DHR. Deutsche Bank Aktiengesellschaft started coverage on Danaher in a research report on Tuesday, December 13th. They set a “buy” rating and a $310.00 price target on the stock. Cowen lowered their target price on Danaher from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Robert W. Baird cut their price target on Danaher from $321.00 to $309.00 in a report on Wednesday, January 25th. Barclays increased their price objective on shares of Danaher from $277.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, January 24th. Finally, StockNews.com assumed coverage on shares of Danaher in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $310.29.
Danaher Stock Up 0.9 %
Danaher (NYSE:DHR – Get Rating) last issued its earnings results on Tuesday, January 24th. The conglomerate reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.41. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $7.90 billion. Danaher had a return on equity of 17.97% and a net margin of 22.91%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 earnings per share. Equities research analysts expect that Danaher Co. will post 10.14 earnings per share for the current year.
Danaher Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.43%. This is a boost from Danaher’s previous quarterly dividend of $0.25. Danaher’s payout ratio is currently 10.36%.
Insider Buying and Selling at Danaher
In other news, Director Raymond C. Stevens sold 8,410 shares of Danaher stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $264.27, for a total transaction of $2,222,510.70. Following the transaction, the director now directly owns 8,394 shares of the company’s stock, valued at $2,218,282.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.20% of the company’s stock.
Danaher Profile
Danaher Corp. engages in the design, manufacture, and marketing of professional, medical, industrial, and commercial products and services. It operates through the following segments: Biotechnology, Life Sciences, Diagnostics, and Environmental and Applied Solutions. The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a range of tools, consumables, and services.
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