Ledyard National Bank Reduces Holdings in Danaher Co. (NYSE:DHR)

Ledyard National Bank cut its holdings in shares of Danaher Co. (NYSE:DHR) by 7.2% in the 4th quarter, Holdings Channel reports. The fund owned 5,884 shares of the conglomerate’s stock after selling 455 shares during the period. Ledyard National Bank’s holdings in Danaher were worth $1,351,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Danaher during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Danaher in the 4th quarter worth about $31,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Danaher in the 3rd quarter valued at about $39,000. MidAtlantic Capital Management Inc. acquired a new position in Danaher in the third quarter worth about $40,000. Finally, FSA Wealth Management LLC bought a new stake in Danaher in the third quarter valued at about $50,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $224.13, for a total value of $1,277,541.00. Following the transaction, the senior vice president now owns 20,230 shares of the company’s stock, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHR. Wells Fargo & Company decreased their target price on Danaher from $280.00 to $240.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Citigroup lowered their target price on shares of Danaher from $285.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. KeyCorp lifted their price target on shares of Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Raymond James reissued a “market perform” rating on shares of Danaher in a report on Monday. Finally, Barclays lowered their target price on Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Danaher Trading Down 1.0 %

Shares of Danaher stock opened at $209.95 on Friday. The business has a fifty day simple moving average of $233.96 and a 200-day simple moving average of $252.39. The firm has a market cap of $151.64 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. Danaher Co. has a fifty-two week low of $209.10 and a fifty-two week high of $281.70. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same period in the previous year, the company posted $2.09 EPS. On average, equities analysts forecast that Danaher Co. will post 7.77 EPS for the current fiscal year.

Danaher Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, December 27th. Danaher’s dividend payout ratio is presently 20.45%.

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.