Mutual of America Capital Management LLC Has $15.24 Million Stock Position in Danaher Corporation (NYSE:DHR)

Mutual of America Capital Management LLC reduced its position in shares of Danaher Corporation (NYSE:DHR - Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,318 shares of the conglomerate's stock after selling 2,581 shares during the quarter. Mutual of America Capital Management LLC's holdings in Danaher were worth $15,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Danaher during the 4th quarter valued at $27,000. GHP Investment Advisors Inc. boosted its stake in Danaher by 396.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Sierra Ocean LLC boosted its stake in Danaher by 116.9% during the 1st quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock valued at $29,000 after purchasing an additional 76 shares in the last quarter. Hurley Capital LLC bought a new position in Danaher during the 4th quarter valued at $34,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in Danaher during the 1st quarter valued at $31,000. 79.05% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Steven M. Rales sold 1,250,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $196.74, for a total value of $245,925,000.00. Following the sale, the chairman directly owned 3,105,808 shares of the company's stock, valued at approximately $611,036,665.92. This trade represents a 28.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher Paul Riley sold 15,805 shares of the firm'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 completion of the sale, the executive vice president directly owned 15,179 shares in the company, valued at approximately $3,005,442. This represents a 51.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DHR shares. Wells Fargo & Company cut their price objective on Danaher from $240.00 to $210.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Barclays reiterated an "overweight" rating and set a $225.00 price objective (up previously from $215.00) on shares of Danaher in a research report on Tuesday, June 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of Danaher in a research report on Wednesday, April 23rd. The Goldman Sachs Group cut their price objective on Danaher from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group reduced their target price on Danaher from $275.00 to $240.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $248.43.

Danaher Stock Down 0.3%

Danaher stock traded down $0.71 during mid-day trading on Friday, hitting $204.80. 2,369,010 shares of the company's stock were exchanged, compared to its average volume of 3,508,130. 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 stock has a market cap of $146.57 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.88 and a beta of 0.77. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $281.70. The stock has a 50 day moving average of $196.05 and a two-hundred day moving average of $206.30.

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

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. Danaher's dividend payout ratio is currently 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.