DekaBank Deutsche Girozentrale Buys 32,562 Shares of Danaher Corporation (NYSE:DHR)

DekaBank Deutsche Girozentrale boosted its position in Danaher Corporation (NYSE:DHR - Free Report) by 4.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 710,636 shares of the conglomerate's stock after purchasing an additional 32,562 shares during the period. DekaBank Deutsche Girozentrale owned about 0.10% of Danaher worth $145,073,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Danaher in the 4th quarter worth about $27,000. GHP Investment Advisors Inc. grew its position in Danaher by 396.0% in 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 in the last quarter. Sierra Ocean LLC grew its position in Danaher by 116.9% in the 1st quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock worth $29,000 after purchasing an additional 76 shares in the last quarter. Hurley Capital LLC bought a new stake in Danaher in the 4th quarter worth about $34,000. Finally, Rialto Wealth Management LLC bought a new stake in Danaher in the 4th quarter worth about $34,000. 79.05% of the stock is owned by institutional investors.

Insider Transactions at Danaher

In other Danaher news, EVP Christopher Paul Riley sold 15,805 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $198.00, for a total value of $3,129,390.00. Following the transaction, the executive vice president owned 15,179 shares in the company, valued at approximately $3,005,442. The trade was a 51.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Steven M. Rales sold 1,250,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $196.74, for a total transaction of $245,925,000.00. Following the completion of the transaction, the chairman owned 3,105,808 shares in the company, valued at $611,036,665.92. The trade was a 28.70% decrease in their position. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHR. Evercore ISI reduced their target price on shares of Danaher from $230.00 to $226.00 and set an "outperform" rating for the company in a research report on Tuesday. Argus reduced their target price on shares of Danaher from $260.00 to $240.00 in a research report on Wednesday, April 23rd. Guggenheim reissued a "buy" rating and set a $250.00 target price on shares of Danaher in a research report on Wednesday, April 23rd. Jefferies Financial Group reduced their target price on shares of Danaher from $260.00 to $230.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $250.00 price target on shares of Danaher in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.43.

Danaher Trading Down 0.3%

NYSE:DHR traded down $0.71 during trading hours on Friday, reaching $204.80. The company's stock had a trading volume of 2,369,010 shares, compared to its average volume of 3,504,283. The firm has a market capitalization of $146.57 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.89 and a beta of 0.77. The firm has a 50-day simple moving average of $196.05 and a 200-day simple moving average of $206.47. 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 quick ratio of 1.05 and a current ratio of 1.43.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.26. The company had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.58 billion. Danaher had a net margin of 15.81% and a return on equity of 10.80%. Research analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Announces Dividend

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

Danaher Company Profile

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.