BTC Capital Management Inc. Sells 165 Shares of Danaher Co. (NYSE:DHR)

BTC Capital Management Inc. lessened its stake in Danaher Co. (NYSE:DHR) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,935 shares of the conglomerate’s stock after selling 165 shares during the period. BTC Capital Management Inc.’s holdings in Danaher were worth $5,953,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hamilton Point Investment Advisors LLC boosted its holdings in Danaher by 0.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 41,799 shares of the conglomerate’s stock worth $9,606,000 after buying an additional 296 shares during the last quarter. Boomfish Wealth Group LLC increased its holdings in shares of Danaher by 14.3% in the fourth quarter. Boomfish Wealth Group LLC now owns 3,743 shares of the conglomerate’s stock worth $859,000 after acquiring an additional 468 shares in the last quarter. Norris Perne & French LLP MI raised its position in shares of Danaher by 58.8% during the fourth quarter. Norris Perne & French LLP MI now owns 130,356 shares of the conglomerate’s stock worth $29,923,000 after purchasing an additional 48,261 shares during the period. Strategic Wealth Investment Group LLC grew its position in shares of Danaher by 11.5% in the 4th quarter. Strategic Wealth Investment Group LLC now owns 41,176 shares of the conglomerate’s stock valued at $9,452,000 after purchasing an additional 4,263 shares during the period. Finally, Gilbert & Cook Inc. increased its stake in Danaher by 2.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,749 shares of the conglomerate’s stock worth $401,000 after purchasing an additional 42 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHR has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday. Bank of America raised Danaher from a “neutral” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Friday, December 13th. Stifel Nicolaus upped 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. Wells Fargo & Company lowered their price objective on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Scotiabank started coverage on shares of Danaher in a report on Monday, December 23rd. They set a “sector perform” rating and a $265.00 target price for the company. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Danaher Stock Down 0.3 %

Shares of DHR opened at $223.16 on Friday. The firm has a market cap of $161.19 billion, a P/E ratio of 42.27, a price-to-earnings-growth ratio of 4.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. Danaher Co. has a 52 week low of $221.34 and a 52 week high of $281.70. The firm’s 50-day simple moving average is $235.66 and its 200 day simple moving average is $253.24.

Danaher (NYSE:DHR) last announced its 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 return on equity of 10.72% and a net margin of 16.33%. During the same quarter last year, the company earned $2.09 EPS. On average, analysts forecast that Danaher Co. will post 8.15 earnings per share for the current year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a $0.27 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. Danaher’s payout ratio is presently 20.45%.

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.