Danaher Co. (DHR) Shares Sold by Lourd Capital LLC

Lourd Capital LLC lowered its holdings in Danaher Co. (NYSE:DHR) by 71.2% in the 1st quarter, HoldingsChannel reports. The fund owned 1,810 shares of the conglomerate’s stock after selling 4,478 shares during the quarter. Lourd Capital LLC’s holdings in Danaher were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Palisade Asset Management LLC increased its position in shares of Danaher by 36.9% in the first quarter. Palisade Asset Management LLC now owns 23,804 shares of the conglomerate’s stock worth $3,143,000 after acquiring an additional 6,414 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Danaher by 6.1% in the first quarter. Flagship Harbor Advisors LLC now owns 7,741 shares of the conglomerate’s stock valued at $1,022,000 after purchasing an additional 442 shares during the period. Paragon Capital Management LLC purchased a new position in shares of Danaher in the first quarter valued at $120,000. First Command Financial Services Inc. purchased a new position in shares of Danaher in the first quarter valued at $117,000. Finally, Toth Financial Advisory Corp boosted its stake in shares of Danaher by 12.9% in the first quarter. Toth Financial Advisory Corp now owns 7,481 shares of the conglomerate’s stock valued at $988,000 after purchasing an additional 852 shares during the period. 77.59% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on DHR shares. Royal Bank of Canada restated a “hold” rating and issued a $102.00 target price on shares of Danaher in a research note on Wednesday, December 19th. Needham & Company LLC initiated coverage on shares of Danaher in a research note on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 target price for the company. Cowen reiterated a “buy” rating and set a $110.00 price objective on shares of Danaher in a research note on Monday, January 7th. Janney Montgomery Scott upgraded shares of Danaher from a “neutral” rating to a “buy” rating in a research note on Monday, February 25th. Finally, UBS Group increased their price objective on shares of Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $125.46.

In other Danaher news, insider Rainer Blair sold 37,859 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $127.45, for a total transaction of $4,825,129.55. Following the sale, the insider now directly owns 32,661 shares of the company’s stock, valued at $4,162,644.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel L. Comas sold 97,357 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $127.04, for a total transaction of $12,368,233.28. Following the sale, the executive vice president now directly owns 134,039 shares in the company, valued at $17,028,314.56. The disclosure for this sale can be found here. Insiders have sold 183,150 shares of company stock worth $23,279,637 over the last three months. 11.40% of the stock is owned by corporate insiders.

NYSE DHR traded down $1.10 during trading hours on Tuesday, reaching $129.40. 103,376 shares of the company traded hands, compared to its average volume of 2,382,387. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $134.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.47 and a quick ratio of 1.07. The company has a market capitalization of $93.40 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.41 and a beta of 1.04.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. Danaher had a net margin of 13.33% and a return on equity of 11.64%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the firm posted $1.19 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Danaher Co. will post 4.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.53%. This is an increase from Danaher’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 28th. Danaher’s dividend payout ratio is 15.04%.

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About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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