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Danaher Corporation (NYSE:DHR) Shares Sold by AIA Group Ltd

Danaher logo with Medical background

Key Points

  • AIA Group Ltd reduced its stake in Danaher Corporation by 16.6%, holding now 141,923 shares worth approximately $29.09 million.
  • Danaher reported an earnings per share (EPS) of $1.80 for the latest quarter, exceeding analysts' estimates of $1.64, with revenue also surpassing expectations at $5.94 billion.
  • Current consensus among analysts gives Danaher a rating of "Moderate Buy" with an average price target of $247.61.
  • Need better tools to track Danaher? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

AIA Group Ltd decreased its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 16.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,923 shares of the conglomerate's stock after selling 28,147 shares during the period. Danaher makes up about 0.7% of AIA Group Ltd's holdings, making the stock its 28th biggest position. AIA Group Ltd's holdings in Danaher were worth $29,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHR. GHP Investment Advisors Inc. increased its position in Danaher by 396.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock worth $25,000 after purchasing an additional 99 shares during the period. Heck Capital Advisors LLC acquired a new position in Danaher during the 4th quarter worth approximately $27,000. Sierra Ocean LLC boosted its stake in shares of Danaher by 116.9% during the 1st quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Danaher during the 1st quarter worth approximately $31,000. Finally, Dunhill Financial LLC boosted its stake in shares of Danaher by 68.4% during the 1st quarter. Dunhill Financial LLC now owns 165 shares of the conglomerate's stock worth $34,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on DHR. Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 price target on shares of Danaher in a research note on Wednesday, April 23rd. Scotiabank raised Danaher from a "sector perform" rating to a "sector outperform" rating and set a $275.00 price target on the stock in a research note on Friday, July 11th. Barclays reissued an "overweight" rating and set a $225.00 price target (up previously from $215.00) on shares of Danaher in a research note on Tuesday, June 24th. Leerink Partners boosted their price target on Danaher from $225.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, TD Cowen boosted their price target on Danaher from $240.00 to $248.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $247.61.

Get Our Latest Analysis on DHR

Danaher Trading Up 0.6%

Shares of Danaher stock traded up $1.29 during trading hours on Thursday, reaching $210.43. 2,634,372 shares of the company's stock were exchanged, compared to its average volume of 4,253,000. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $279.90. The firm has a market capitalization of $150.68 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.73. The company has a fifty day moving average of $199.27 and a 200-day moving average of $200.40. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.32.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.16. Danaher had a return on equity of 10.70% and a net margin of 14.21%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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