Skandinaviska Enskilda Banken AB publ Sells 4,200 Shares of Danaher Co. (DHR)

Skandinaviska Enskilda Banken AB publ decreased its stake in Danaher Co. (NYSE:DHR) by 3.8% during the 3rd quarter, Holdings Channel reports. The firm owned 105,856 shares of the conglomerate’s stock after selling 4,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Danaher were worth $11,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHR. Gardiner Nancy B raised its stake in Danaher by 5.8% during the 3rd quarter. Gardiner Nancy B now owns 9,110 shares of the conglomerate’s stock valued at $991,000 after acquiring an additional 500 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Danaher by 62.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock valued at $141,000 after acquiring an additional 501 shares in the last quarter. Securian Asset Management Inc raised its stake in Danaher by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 62,119 shares of the conglomerate’s stock valued at $6,130,000 after acquiring an additional 504 shares in the last quarter. Centaurus Financial Inc. raised its stake in Danaher by 20.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,026 shares of the conglomerate’s stock valued at $299,000 after acquiring an additional 510 shares in the last quarter. Finally, Whitnell & Co. raised its stake in Danaher by 2.1% during the 3rd quarter. Whitnell & Co. now owns 25,270 shares of the conglomerate’s stock valued at $2,746,000 after acquiring an additional 514 shares in the last quarter. 76.80% of the stock is currently owned by institutional investors and hedge funds.

DHR opened at $104.39 on Friday. Danaher Co. has a one year low of $91.65 and a one year high of $110.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.53. The firm has a market capitalization of $72.94 billion, a PE ratio of 25.90, a PEG ratio of 2.00 and a beta of 1.04.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. Danaher had a return on equity of 11.59% and a net margin of 14.07%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Danaher Co. will post 4.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 27th. Danaher’s dividend payout ratio is presently 15.88%.

Several brokerages have weighed in on DHR. Robert W. Baird cut their target price on Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Zacks Investment Research downgraded Danaher from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Morgan Stanley lifted their target price on Danaher from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. Royal Bank of Canada lifted their target price on Danaher to $107.00 and gave the company a “positive” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, Bank of America set a $113.00 target price on Danaher and gave the company a “buy” rating in a research note on Thursday, July 19th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $112.14.

In other news, insider William King sold 53,433 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $101.64, for a total value of $5,430,930.12. Following the sale, the insider now owns 36,425 shares of the company’s stock, valued at approximately $3,702,237. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert S. Lutz sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $103.80, for a total value of $1,557,000.00. Following the completion of the sale, the senior vice president now directly owns 33,044 shares in the company, valued at approximately $3,429,967.20. The disclosure for this sale can be found here. Insiders sold a total of 150,007 shares of company stock worth $15,202,163 in the last three months. Company insiders own 11.90% of the company’s stock.

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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.

Further Reading: Do You Need a Fiduciary?

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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