Danaher Corporation $DHR Shares Sold by Border to Coast Pensions Partnership Ltd

Key Points

• Border to Coast Pensions Partnership Ltd cut its stake in Danaher by 41.5% in Q4, selling 84,814 shares and leaving 119,536 shares valued at about $27.41 million.
• Several analysts trimmed price targets (Jefferies to $240, TD Cowen to $245, Goldman to $230), yet the consensus rating remains a Moderate Buy with an average target of $247.35.
• Danaher beat Q4 expectations with $2.23 EPS and $6.84 billion revenue (up 4.6% YoY) and announced a quarterly dividend increase from $0.32 to $0.40 per share.

Border to Coast Pensions Partnership Ltd lessened its stake in Danaher Corporation (NYSE:DHR - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,536 shares of the conglomerate's stock after selling 84,814 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Danaher were worth $27,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Danaher in the third quarter valued at approximately $25,000. WFA of San Diego LLC acquired a new stake in shares of Danaher in the second quarter valued at approximately $26,000. ANTIPODES PARTNERS Ltd purchased a new position in Danaher in the third quarter worth approximately $27,000. TruNorth Capital Management LLC purchased a new position in Danaher in the third quarter worth approximately $28,000. Finally, Tripletail Wealth Management LLC purchased a new position in Danaher in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Wall Street Analyst Weigh In

DHR has been the subject of several analyst reports. Jefferies Financial Group lowered their price objective on Danaher from $265.00 to $240.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. TD Cowen lowered their price objective on Danaher from $270.00 to $245.00 and set a "buy" rating for the company in a research report on Monday. Argus set a $265.00 price objective on Danaher in a research report on Wednesday, January 14th. Robert W. Baird set a $251.00 price objective on Danaher in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group lowered their price objective on Danaher from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Monday. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Danaher presently has an average rating of "Moderate Buy" and a consensus price target of $247.35.

Insider Activity at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the firm's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Danaher Trading Down 0.2%

DHR opened at $198.20 on Thursday. Danaher Corporation has a 52 week low of $180.03 and a 52 week high of $242.80. The business has a fifty day simple moving average of $199.69 and a 200-day simple moving average of $214.77. The firm has a market cap of $140.26 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.69 and a beta of 0.95. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same period last year, the business posted $2.14 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that Danaher Corporation will post 7.63 earnings per share for the current year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a dividend of $0.40 per share. This is an increase from Danaher's previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, March 27th. Danaher's dividend payout ratio (DPR) is 31.75%.

Danaher Company Profile

Danaher Corporation NYSE: DHR is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher's portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.

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