Aaron Wealth Advisors LLC Sells 4,369 Shares of Danaher Corporation (NYSE:DHR)

Aaron Wealth Advisors LLC lowered its stake in shares of Danaher Corporation (NYSE:DHR - Free Report) by 37.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,439 shares of the conglomerate's stock after selling 4,369 shares during the quarter. Aaron Wealth Advisors LLC's holdings in Danaher were worth $1,525,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its holdings in shares of Danaher by 396.0% during the first quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock valued at $25,000 after buying an additional 99 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Danaher in the fourth quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Danaher during the 1st quarter valued at about $31,000. Rialto Wealth Management LLC bought a new position in shares of Danaher during the 4th quarter valued at $34,000. Finally, Hurley Capital LLC purchased a new position in Danaher during the 4th quarter valued at about $34,000. 79.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Danaher news, Chairman Steven M. Rales sold 1,250,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $196.74, for a total transaction of $245,925,000.00. Following the completion of the sale, the chairman directly owned 3,105,808 shares in the company, valued at $611,036,665.92. This represents a 28.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher Paul Riley sold 15,805 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $198.00, for a total transaction of $3,129,390.00. Following the sale, the executive vice president directly owned 15,179 shares in the company, valued at approximately $3,005,442. The trade was a 51.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DHR shares. Jefferies Financial Group reduced their price target on Danaher from $260.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus raised shares of Danaher from a "hold" rating to a "buy" rating and set a $260.00 target price for the company in a report on Friday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Danaher from $280.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Bank of America reduced their target price on Danaher from $265.00 to $230.00 in a report on Monday, April 14th. Finally, Robert W. Baird cut their target price on shares of Danaher from $231.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.61.

Danaher Trading Up 0.7%

DHR traded up $1.38 during mid-day trading on Wednesday, hitting $202.48. The stock had a trading volume of 3,503,624 shares, compared to its average volume of 3,509,847. The stock's fifty day simple moving average is $195.27 and its 200-day simple moving average is $207.84. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $281.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.05. The firm has a market capitalization of $144.91 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.77 and a beta of 0.77.

Danaher (NYSE:DHR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.26. Danaher had a return on equity of 10.80% and a net margin of 15.81%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.58 billion. As a group, research analysts forecast that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. Danaher's dividend payout ratio is 24.85%.

About Danaher

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.