Victory Capital Management Inc. Reduces Stock Holdings in Danaher Co. (NYSE:DHR)

Victory Capital Management Inc. cut its holdings in Danaher Co. (NYSE:DHR) by 6.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 232,987 shares of the conglomerate’s stock after selling 16,141 shares during the quarter. Victory Capital Management Inc.’s holdings in Danaher were worth $64,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Danaher during the 2nd quarter worth about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Danaher during the second quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new stake in Danaher in the second quarter valued at approximately $51,000. Financial Connections Group Inc. acquired a new position in Danaher in the 2nd quarter worth approximately $51,000. Finally, Western Pacific Wealth Management LP purchased a new position in Danaher during the 1st quarter worth approximately $55,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DHR. UBS Group cut their price objective on shares of Danaher from $309.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Leerink Partners upped their target price on Danaher from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen raised their target price on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Stephens reissued an “overweight” rating and issued a $315.00 price target on shares of Danaher in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $287.16.

Insider Activity

In related news, SVP Georgeann Couchara sold 952 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $268.37, for a total transaction of $255,488.24. Following the transaction, the senior vice president now directly owns 4,212 shares in the company, valued at approximately $1,130,374.44. The trade was a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.10% of the company’s stock.

Danaher Trading Down 0.9 %

Shares of Danaher stock opened at $239.45 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. Danaher Co. has a twelve month low of $204.15 and a twelve month high of $281.70. The firm has a market capitalization of $172.95 billion, a PE ratio of 46.08, a P/E/G ratio of 4.40 and a beta of 0.85. The firm’s 50-day moving average price is $263.42 and its 200 day moving average price is $260.64.

Danaher (NYSE:DHR) last released its earnings results 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. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the business posted $2.02 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Danaher Co. will post 7.51 EPS for the current fiscal year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, September 27th. Danaher’s payout ratio is 20.61%.

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.