Biltmore Family Office LLC Buys 174 Shares of Danaher Co. (NYSE:DHR)

Biltmore Family Office LLC boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,901 shares of the conglomerate’s stock after purchasing an additional 174 shares during the period. Biltmore Family Office LLC’s holdings in Danaher were worth $437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OneAscent Financial Services LLC bought a new position in shares of Danaher in the 4th quarter worth about $251,000. Cynosure Group LLC raised its position in Danaher by 449.5% in the 4th quarter. Cynosure Group LLC now owns 9,512 shares of the conglomerate’s stock valued at $2,183,000 after buying an additional 7,781 shares during the last quarter. Bryce Point Capital LLC bought a new position in shares of Danaher during the fourth quarter valued at about $491,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Danaher by 2.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,679,156 shares of the conglomerate’s stock worth $844,550,000 after buying an additional 96,174 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC bought a new position in Danaher in the 4th quarter valued at $1,143,000. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Scotiabank began coverage on Danaher in a research report on Monday, December 23rd. They set a “sector perform” rating and a $265.00 price target on the stock. Jefferies Financial Group decreased their target price on Danaher from $285.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barclays cut their target price on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Friday, December 13th. Finally, StockNews.com lowered Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $278.24.

Insider Buying and Selling

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 20,230 shares in the company, valued at approximately $4,534,149.90. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.10% of the stock is owned by insiders.

Danaher Trading Up 2.4 %

Shares of DHR opened at $205.23 on Thursday. The firm has a market cap of $146.68 billion, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.86. Danaher Co. has a 1 year low of $196.34 and a 1 year high of $281.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.40 and a quick ratio of 1.05. The company has a 50 day simple moving average of $212.24 and a two-hundred day simple moving average of $235.18.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, equities analysts expect that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.32 per share. This is an increase from Danaher’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Friday, March 28th. Danaher’s dividend payout ratio (DPR) is presently 24.24%.

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.