Xponance Inc. Buys 1,328 Shares of Danaher Co. (NYSE:DHR)

Xponance Inc. boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 96,394 shares of the conglomerate’s stock after buying an additional 1,328 shares during the quarter. Xponance Inc.’s holdings in Danaher were worth $22,127,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Danaher in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in Danaher in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in Danaher in the 4th quarter valued at about $31,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Danaher during the 3rd quarter worth approximately $39,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Danaher during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DHR shares. Jefferies Financial Group reduced their price target on shares of Danaher from $285.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Guggenheim started coverage on shares of Danaher in a research note on Thursday, December 19th. They set a “buy” rating and a $275.00 price target for the company. Raymond James reiterated a “market perform” rating on shares of Danaher in a research report on Monday, February 3rd. Finally, Robert W. Baird reduced their price objective on shares of Danaher from $277.00 to $268.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.76.

Insider Transactions at Danaher

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total value of $1,277,541.00. Following the transaction, the senior vice president now owns 20,230 shares in the company, valued at $4,534,149.90. The trade was a 21.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Danaher Trading Up 1.0 %

Shares of DHR opened at $212.78 on Tuesday. 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 firm has a market capitalization of $152.08 billion, a P/E ratio of 40.30, a P/E/G ratio of 2.66 and a beta of 0.82. The firm has a 50-day moving average price of $219.57 and a 200 day moving average price of $240.07. Danaher Co. has a 12-month low of $196.80 and a 12-month high of $281.70.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, meeting 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 period last year, the company earned $2.09 EPS. Sell-side analysts forecast that Danaher Co. will post 7.63 EPS for the current year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from Danaher’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 28th. Danaher’s dividend payout ratio (DPR) is presently 24.24%.

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.