TKG Advisors LLC Raises Holdings in Danaher Co. (NYSE:DHR)

TKG Advisors LLC raised its holdings in Danaher Co. (NYSE:DHR) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,421 shares of the conglomerate’s stock after purchasing an additional 547 shares during the quarter. TKG Advisors LLC’s holdings in Danaher were worth $2,070,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Heck Capital Advisors LLC purchased a new stake in shares of Danaher in the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in Danaher during the fourth quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Danaher during the fourth quarter worth about $31,000. Teachers Insurance & Annuity Association of America purchased a new position in Danaher in the 3rd quarter valued at approximately $39,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Danaher during the third quarter worth $40,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Danaher from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Stephens reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Danaher in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $277.00 price objective (down previously from $299.00) on shares of Danaher in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Activity at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $224.13, for a total value of $1,277,541.00. Following the sale, the senior vice president now directly owns 20,230 shares in the company, valued at $4,534,149.90. This represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.90% of the stock is owned by corporate insiders.

Danaher Stock Performance

NYSE DHR opened at $204.22 on Wednesday. The stock has a market capitalization of $147.50 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 2.63 and a beta of 0.83. The business’s 50 day moving average is $228.34 and its two-hundred day moving average is $248.10. Danaher Co. has a 12-month low of $196.80 and a 12-month high of $281.70. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same quarter in the previous year, the firm posted $2.09 EPS. Research analysts expect that Danaher Co. will post 7.67 EPS for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.53%. Danaher’s dividend payout ratio is currently 20.45%.

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.