Danaher Corporation $DHR Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. reduced its stake in Danaher Corporation (NYSE:DHR - Free Report) by 77.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,505 shares of the conglomerate's stock after selling 33,329 shares during the period. Simplify Asset Management Inc.'s holdings in Danaher were worth $2,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gunderson Capital Management LLC acquired a new stake in Danaher in the third quarter valued at $765,000. EP Wealth Advisors LLC acquired a new position in shares of Danaher during the 2nd quarter worth about $3,807,000. Frank Rimerman Advisors LLC increased its holdings in shares of Danaher by 181.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 40,855 shares of the conglomerate's stock valued at $9,051,000 after acquiring an additional 26,363 shares during the last quarter. Birch Hill Investment Advisors LLC increased its holdings in shares of Danaher by 9.6% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 40,549 shares of the conglomerate's stock valued at $8,984,000 after acquiring an additional 3,553 shares during the last quarter. Finally, Forbes J M & Co. LLP raised its position in shares of Danaher by 141.6% during the 3rd quarter. Forbes J M & Co. LLP now owns 4,276 shares of the conglomerate's stock worth $947,000 after acquiring an additional 2,506 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DHR shares. TD Cowen upped their price target on Danaher from $255.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective on shares of Danaher in a report on Wednesday, July 22nd. Citigroup upped their target price on shares of Danaher from $230.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. Robert W. Baird increased their target price on shares of Danaher from $246.00 to $254.00 and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Danaher from $220.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $242.91.

Danaher Trading Up 0.7%

NYSE DHR opened at $233.72 on Thursday. The firm's fifty day moving average is $218.10 and its two-hundred day moving average is $201.81. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.29 and a current ratio of 1.63. The firm has a market cap of $164.43 billion, a PE ratio of 38.25, a P/E/G ratio of 2.89 and a beta of 0.76.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.19. Danaher had a net margin of 16.91% and a return on equity of 11.17%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Analysts expect that Danaher Corporation will post 8.59 earnings per share for the current year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Danaher's dividend payout ratio (DPR) is presently 26.19%.

Danaher Profile

Danaher Corporation NYSE: DHR is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.

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