Teacher Retirement System of Texas Decreases Holdings in Danaher Corporation $DHR

Key Points

• Teacher Retirement System of Texas trimmed its Danaher stake by 19%, selling 17,128 shares and leaving 73,244 shares worth about $16.77 million at the end of the quarter.
• Q1 results: Danaher beat EPS expectations ($2.06 vs. $1.94) while revenue of $5.95 billion slightly missed consensus, and the company set FY2026 guidance of 8.350–8.550 EPS (analysts project ~8.43).
• Danaher raised its quarterly dividend to $0.40 (annualized $1.60, ~0.9% yield) but faces a ~$172.5M shareholder settlement and rising short interest (~17.8%), weighing on sentiment.

Teacher Retirement System of Texas trimmed its stake in shares of Danaher Corporation (NYSE:DHR - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,244 shares of the conglomerate's stock after selling 17,128 shares during the period. Teacher Retirement System of Texas' holdings in Danaher were worth $16,767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its holdings in Danaher by 5.3% during the fourth quarter. HB Wealth Management LLC now owns 56,859 shares of the conglomerate's stock valued at $13,016,000 after purchasing an additional 2,846 shares in the last quarter. United Asset Strategies Inc. lifted its stake in shares of Danaher by 48.3% in the fourth quarter. United Asset Strategies Inc. now owns 30,543 shares of the conglomerate's stock worth $6,992,000 after buying an additional 9,953 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Danaher by 36.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,796 shares of the conglomerate's stock worth $640,000 after buying an additional 752 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Danaher by 0.3% in the fourth quarter. KLP Kapitalforvaltning AS now owns 233,651 shares of the conglomerate's stock worth $53,551,000 after buying an additional 600 shares in the last quarter. Finally, FORM Wealth Advisors LLC purchased a new position in shares of Danaher in the fourth quarter worth about $374,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Danaher Price Performance

Shares of DHR stock opened at $177.31 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.87 and a quick ratio of 1.51. The firm's 50-day moving average is $195.75 and its two-hundred day moving average is $213.86. Danaher Corporation has a 12 month low of $175.00 and a 12 month high of $242.80. The company has a market capitalization of $125.49 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.95.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, April 21st. The conglomerate reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. Danaher's quarterly revenue was up 3.7% compared to the same quarter last year. Danaher has set its FY 2026 guidance at 8.350-8.550 EPS. Analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, March 27th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. This is a boost from Danaher's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 27th. Danaher's payout ratio is presently 30.95%.

Trending Headlines about Danaher

Here are the key news stories impacting Danaher this week:

• Positive Sentiment: Guggenheim reiterated a Buy rating on Danaher, supporting demand-side interest from institutional buyers. Guggenheim Reaffirms Buy
• Positive Sentiment: An analyst price-target lift to $232 signals buy-side upside vs. current levels, which can support the stock if investors focus on medium-term earnings guidance. Price Target Raised to $232
• Neutral Sentiment: Danaher priced ~€3.0 billion of euro-denominated senior notes across maturities (2028–2038). This raises liquidity for operations or M&A but increases long-term debt on the balance sheet. Senior Notes Offering
• Neutral Sentiment: Coverage pieces question whether the recent share weakness makes DHR an attractive value play — useful for long-term investors but not an immediate catalyst. Valuation Article
• Negative Sentiment: Danaher agreed to settle shareholder litigation tied to its post‑pandemic outlook for about $172.5M, a direct hit to cash and a reminder of past forecasting issues; that likely pressured sentiment. Settlement Report
• Negative Sentiment: Short interest rose ~17.8% to 8.18M shares as of April 15 (≈1.3% of float; short-interest ratio ~2.5 days), indicating increased speculative/hedged bearish positioning that can amplify downward moves.
• Negative Sentiment: Morgan Stanley trimmed its price target (from $270 to $255), and UBS issued a pessimistic forecast—both moves add analyst-driven downside pressure despite differing target levels. Morgan Stanley PT Cut UBS Forecast
• Negative Sentiment: Analysts/commentary flag Danaher’s Masimo acquisition as adding long-term potential but creating near-term margin and integration pressure, a nearer-term risk to earnings momentum. Masimo Deal Commentary

Insider Buying and Selling

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president directly owned 5,099 shares of the company's stock, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DHR shares. Rothschild & Co Redburn set a $205.00 price target on shares of Danaher in a research note on Friday, April 17th. Leerink Partners raised their price target on shares of Danaher from $260.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 16th. Robert W. Baird decreased their price target on shares of Danaher from $251.00 to $249.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Wall Street Zen downgraded shares of Danaher from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, The Goldman Sachs Group decreased their price target on shares of Danaher from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 13th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Danaher presently has a consensus rating of "Moderate Buy" and a consensus target price of $242.45.

About Danaher

Danaher Corporation NYSE: DHR is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher's portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.

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