Sunbelt Securities Inc. Sells 1,982 Shares of Danaher Co. (NYSE:DHR)

Sunbelt Securities Inc. lessened its holdings in shares of Danaher Co. (NYSE:DHR) by 59.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,372 shares of the conglomerate’s stock after selling 1,982 shares during the quarter. Sunbelt Securities Inc.’s holdings in Danaher were worth $382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its stake in Danaher by 6.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 16,318 shares of the conglomerate’s stock valued at $4,512,000 after acquiring an additional 1,019 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Danaher by 22.0% in the third quarter. Prestige Wealth Management Group LLC now owns 1,528 shares of the conglomerate’s stock valued at $425,000 after purchasing an additional 276 shares during the period. Adalta Capital Management LLC lifted its stake in shares of Danaher by 52.3% during the 3rd quarter. Adalta Capital Management LLC now owns 8,467 shares of the conglomerate’s stock worth $2,356,000 after buying an additional 2,907 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Danaher by 82.5% during the 3rd quarter. LRI Investments LLC now owns 4,545 shares of the conglomerate’s stock worth $1,264,000 after buying an additional 2,055 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Danaher by 26.1% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 1,400 shares of the conglomerate’s stock worth $389,000 after buying an additional 290 shares during the period. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their price target on Danaher from $278.00 to $277.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Danaher in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $280.00 price objective on the stock. StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank of Canada reduced their target price on shares of Danaher from $333.00 to $311.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $287.95.

Danaher Trading Up 0.2 %

Shares of DHR stock opened at $234.99 on Friday. Danaher Co. has a fifty-two week low of $222.53 and a fifty-two week high of $281.70. The stock’s fifty day moving average price is $246.92 and its two-hundred day moving average price is $257.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The company has a market cap of $169.73 billion, a PE ratio of 44.85, a P/E/G ratio of 4.33 and a beta of 0.83.

Danaher (NYSE:DHR) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.14. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.59 billion. Danaher had a return on equity of 10.62% and a net margin of 16.39%. Danaher’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $2.02 earnings per share. Equities analysts predict that Danaher Co. will post 7.5 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, December 27th. Danaher’s payout ratio is 20.61%.

Danaher 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.