Leavell Investment Management Inc. Has $1.90 Million Stock Holdings in Danaher Corporation (NYSE:DHR)

Leavell Investment Management Inc. lessened its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,264 shares of the conglomerate's stock after selling 3,284 shares during the quarter. Leavell Investment Management Inc.'s holdings in Danaher were worth $1,902,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Danaher in the fourth quarter worth $27,000. GHP Investment Advisors Inc. boosted its stake in Danaher by 396.0% during the first quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock worth $25,000 after buying an additional 99 shares in the last quarter. Sierra Ocean LLC boosted its stake in Danaher by 116.9% during the first quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock worth $29,000 after buying an additional 76 shares in the last quarter. Hurley Capital LLC acquired a new stake in Danaher during the fourth quarter worth $34,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Danaher during the first quarter worth $31,000. Institutional investors own 79.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHR. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Citigroup restated a "buy" rating on shares of Danaher in a research note on Monday, April 7th. Wall Street Zen upgraded shares of Danaher from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Robert W. Baird reduced their target price on shares of Danaher from $231.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus upgraded shares of Danaher from a "hold" rating to a "buy" rating and set a $260.00 target price on the stock in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Danaher has an average rating of "Moderate Buy" and an average target price of $248.43.

Danaher Trading Down 0.3%

Shares of DHR stock traded down $0.71 on Friday, reaching $204.80. The company had a trading volume of 2,369,010 shares, compared to its average volume of 3,504,283. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $196.05 and a 200-day moving average of $206.47. Danaher Corporation has a 12 month low of $171.00 and a 12 month high of $281.70. The stock has a market cap of $146.57 billion, a PE ratio of 39.77, a PEG ratio of 2.89 and a beta of 0.77.

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

Danaher Announces Dividend

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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. Danaher's dividend payout ratio (DPR) is presently 24.85%.

Insiders Place Their Bets

In other Danaher news, Chairman Steven M. Rales sold 1,250,000 shares of the 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 transaction, the chairman owned 3,105,808 shares in the company, valued at $611,036,665.92. This trade represents a 28.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher Paul Riley sold 15,805 shares of the stock in a transaction on Wednesday, April 30th. The stock was 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 $3,005,442. The trade was a 51.01% decrease in their position. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by corporate insiders.

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.