AM Investment Strategies LLC Sells 1,564 Shares of Danaher Co. (NYSE:DHR)

AM Investment Strategies LLC lessened its position in Danaher Co. (NYSE:DHR) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,122 shares of the conglomerate’s stock after selling 1,564 shares during the quarter. AM Investment Strategies LLC’s holdings in Danaher were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. grew its holdings in shares of Danaher by 2.3% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 1,899 shares of the conglomerate’s stock worth $439,000 after buying an additional 43 shares in the last quarter. Drive Wealth Management LLC grew its holdings in shares of Danaher by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 1,485 shares of the conglomerate’s stock worth $344,000 after buying an additional 44 shares in the last quarter. Trust Investment Advisors grew its holdings in shares of Danaher by 1.8% during the fourth quarter. Trust Investment Advisors now owns 2,811 shares of the conglomerate’s stock worth $650,000 after buying an additional 49 shares in the last quarter. Connolly Sarah T. grew its holdings in shares of Danaher by 0.5% during the third quarter. Connolly Sarah T. now owns 9,599 shares of the conglomerate’s stock worth $2,382,000 after buying an additional 50 shares in the last quarter. Finally, Austin Private Wealth LLC grew its holdings in shares of Danaher by 3.4% in the third quarter. Austin Private Wealth LLC now owns 1,566 shares of the conglomerate’s stock valued at $389,000 after purchasing an additional 51 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DHR shares. Bank of America upped their price objective on shares of Danaher from $258.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup upped their price objective on shares of Danaher from $280.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James upped their price objective on shares of Danaher from $240.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. KeyCorp upped their price objective on shares of Danaher from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Robert W. Baird upped their price objective on shares of Danaher from $259.00 to $271.00 and gave the company an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.00.

Insider Activity at Danaher

In related news, Director Teri List sold 3,289 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $248.32, for a total value of $816,724.48. Following the sale, the director now owns 19,726 shares of the company’s stock, valued at $4,898,360.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Danaher news, Director Teri List sold 3,289 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $248.32, for a total value of $816,724.48. Following the transaction, the director now directly owns 19,726 shares in the company, valued at $4,898,360.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rainer Blair sold 47,175 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $249.22, for a total transaction of $11,756,953.50. Following the completion of the transaction, the chief executive officer now owns 115,995 shares in the company, valued at $28,908,273.90. The disclosure for this sale can be found here. Insiders have sold a total of 84,132 shares of company stock valued at $21,022,795 over the last 90 days. 11.10% of the stock is owned by corporate insiders.

Danaher Stock Down 1.8 %

Shares of DHR traded down $4.59 during mid-day trading on Thursday, hitting $245.82. 2,943,521 shares of the company’s stock were exchanged, compared to its average volume of 2,786,286. The company has a market cap of $182.04 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 4.24 and a beta of 0.83. Danaher Co. has a fifty-two week low of $182.09 and a fifty-two week high of $259.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 1.68. The stock’s 50-day moving average is $248.94 and its 200-day moving average is $230.88.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.20. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Danaher had a net margin of 16.78% and a return on equity of 11.48%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 earnings per share. On average, sell-side analysts anticipate that Danaher Co. will post 7.62 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 28th will be issued a $0.27 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, March 27th. This represents a $1.08 annualized dividend and a yield of 0.44%. Danaher’s dividend payout ratio (DPR) is 18.31%.

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.