Danaher Co. (NYSE:DHR) Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC decreased its holdings in shares of Danaher Co. (NYSE:DHR) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,553 shares of the conglomerate’s stock after selling 53 shares during the period. Drive Wealth Management LLC’s holdings in Danaher were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in Danaher during the 4th quarter worth approximately $31,000. Teachers Insurance & Annuity Association of America acquired a new position in Danaher during the 3rd quarter worth approximately $39,000. MidAtlantic Capital Management Inc. acquired a new position in Danaher during the 3rd quarter worth approximately $40,000. FSA Wealth Management LLC acquired a new position in Danaher during the 3rd quarter worth approximately $50,000. Finally, Darwin Wealth Management LLC acquired a new position in Danaher during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Up 1.9 %

Shares of NYSE DHR opened at $250.51 on Tuesday. Danaher Co. has a 12-month low of $225.42 and a 12-month high of $281.70. The company has a market cap of $180.94 billion, a P/E ratio of 47.81, a P/E/G ratio of 4.43 and a beta of 0.83. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $235.33 and a 200 day moving average price of $253.62.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be issued a $0.27 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 0.43%. Danaher’s dividend payout ratio is currently 20.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHR shares. Wolfe Research raised Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target on the stock in a research note on Thursday, October 31st. Citigroup decreased their price target on Danaher from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada decreased their price target on Danaher from $333.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on Danaher from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.55.

Danaher Company 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.