Danaher Co. (NYSE:DHR) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its stake in shares of Danaher Co. (NYSE:DHR) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 475,496 shares of the conglomerate’s stock after selling 26,282 shares during the period. Danaher makes up approximately 1.4% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 20th biggest holding. Ontario Teachers Pension Plan Board’s holdings in Danaher were worth $72,979,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JJJ Advisors Inc. purchased a new stake in Danaher during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Danaher in the 4th quarter valued at approximately $28,000. Howe & Rusling Inc. increased its holdings in shares of Danaher by 116.3% in the 3rd quarter. Howe & Rusling Inc. now owns 186 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Tobias Financial Advisors Inc. bought a new stake in shares of Danaher in the 4th quarter valued at approximately $30,000. Finally, Savior LLC bought a new stake in shares of Danaher in the 4th quarter valued at approximately $32,000. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

DHR stock traded down $1.95 during trading on Tuesday, reaching $164.00. 1,897,081 shares of the company’s stock were exchanged, compared to its average volume of 2,308,696. The company has a quick ratio of 4.86, a current ratio of 5.19 and a debt-to-equity ratio of 0.75. Danaher Co. has a 1-year low of $110.66 and a 1-year high of $169.19. The company’s fifty day moving average price is $160.65 and its 200-day moving average price is $146.59. The firm has a market cap of $119.20 billion, a PE ratio of 40.49, a P/E/G ratio of 2.62 and a beta of 0.92.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, January 30th. The conglomerate reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.03. Danaher had a return on equity of 11.50% and a net margin of 15.09%. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Danaher Co. will post 5.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.68 annualized dividend and a dividend yield of 0.41%. Danaher’s dividend payout ratio (DPR) is 15.38%.

A number of equities research analysts have recently weighed in on DHR shares. Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price target on shares of Danaher in a report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on Danaher from $150.00 to $162.00 and gave the company a “hold” rating in a report on Friday, January 31st. Bank of America boosted their price objective on Danaher from $165.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Zacks Investment Research lowered Danaher from a “hold” rating to a “sell” rating and set a $168.00 price objective for the company. in a research report on Tuesday, January 14th. Finally, Needham & Company LLC boosted their price objective on Danaher from $167.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Danaher currently has a consensus rating of “Buy” and an average price target of $166.37.

In other news, Director Donald J. Ehrlich sold 6,014 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $163.13, for a total value of $981,063.82. Following the completion of the sale, the director now owns 129,217 shares in the company, valued at $21,079,169.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel L. Comas sold 3,100 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $161.34, for a total value of $500,154.00. Following the completion of the sale, the executive vice president now owns 121,242 shares of the company’s stock, valued at approximately $19,561,184.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 271,015 shares of company stock valued at $43,928,132. Insiders own 11.40% of the company’s stock.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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