Danaher Co. (DHR) Holdings Trimmed by Principal Financial Group Inc.

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Principal Financial Group Inc. lessened its position in shares of Danaher Co. (NYSE:DHR) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,905,237 shares of the conglomerate’s stock after selling 396,253 shares during the quarter. Principal Financial Group Inc. owned approximately 0.27% of Danaher worth $196,468,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elefante Mark B increased its position in shares of Danaher by 1.1% during the 4th quarter. Elefante Mark B now owns 8,490 shares of the conglomerate’s stock valued at $875,000 after purchasing an additional 95 shares during the last quarter. Mechanics Bank Trust Department increased its holdings in Danaher by 2.4% in the 4th quarter. Mechanics Bank Trust Department now owns 4,049 shares of the conglomerate’s stock worth $418,000 after acquiring an additional 95 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Danaher by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 34,670 shares of the conglomerate’s stock worth $3,575,000 after acquiring an additional 100 shares during the last quarter. Bogart Wealth LLC increased its holdings in Danaher by 8.1% in the 4th quarter. Bogart Wealth LLC now owns 1,368 shares of the conglomerate’s stock worth $141,000 after acquiring an additional 102 shares during the last quarter. Finally, Evermay Wealth Management LLC increased its holdings in Danaher by 0.6% in the 4th quarter. Evermay Wealth Management LLC now owns 18,575 shares of the conglomerate’s stock worth $1,915,000 after acquiring an additional 106 shares during the last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.

Danaher stock opened at $128.07 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.47. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $129.42. The firm has a market capitalization of $90.32 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.37 and a beta of 1.04.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 29th. The conglomerate reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts predict that Danaher Co. will post 4.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend 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 payout ratio is 14.16%.

In other Danaher news, CAO Robert S. Lutz sold 15,000 shares of the business’s stock in a transaction on Sunday, February 24th. The stock was sold at an average price of $127.00, for a total value of $1,905,000.00. Following the sale, the chief accounting officer now directly owns 22,251 shares of the company’s stock, valued at $2,825,877. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter G. Lohr sold 10,578 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $126.85, for a total value of $1,341,819.30. Following the completion of the sale, the director now directly owns 20,691 shares in the company, valued at $2,624,653.35. The disclosure for this sale can be found here. Insiders sold 183,150 shares of company stock worth $23,279,637 over the last three months. Corporate insiders own 11.90% of the company’s stock.

A number of research analysts have weighed in on DHR shares. Deutsche Bank lifted their target price on Danaher to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Danaher in a report on Wednesday, December 19th. Needham & Company LLC started coverage on Danaher in a report on Wednesday, January 2nd. They set a “buy” rating and a $114.00 target price for the company. Jefferies Financial Group lifted their target price on Danaher to $140.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, UBS Group lifted their target price on Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $123.31.

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Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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