Redmond Asset Management LLC Boosts Stock Position in Danaher Co. (NYSE:DHR)

Redmond Asset Management LLC raised its position in shares of Danaher Co. (NYSE:DHR) by 90.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,737 shares of the conglomerate’s stock after buying an additional 6,058 shares during the quarter. Redmond Asset Management LLC’s holdings in Danaher were worth $2,924,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DHR. Heck Capital Advisors LLC bought a new stake in shares of Danaher during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Danaher during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in shares of Danaher in the 4th quarter worth approximately $31,000. Strategic Financial Concepts LLC acquired a new position in Danaher during the 4th quarter valued at approximately $31,000. Finally, Pineridge Advisors LLC grew its stake in Danaher by 63.3% during the 4th quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DHR shares. JPMorgan Chase & Co. cut their target price on Danaher from $310.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Citigroup reduced 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. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Friday, December 13th. Wells Fargo & Company reduced their price objective 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. Finally, StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $278.00.

Insider Buying and Selling

In other Danaher news, SVP Brian W. Ellis sold 5,700 shares of Danaher stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the completion of the sale, the senior vice president now owns 20,230 shares of the company’s stock, valued at $4,534,149.90. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Danaher Trading Up 0.9 %

Danaher stock opened at $209.86 on Friday. The company has a 50 day moving average price of $226.71 and a 200 day moving average price of $247.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. Danaher Co. has a 52 week low of $196.80 and a 52 week high of $281.70. The firm has a market capitalization of $151.58 billion, a price-to-earnings ratio of 39.75, a P/E/G ratio of 2.61 and a beta of 0.83.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.14. Danaher had a return on equity of 10.82% and a net margin of 16.33%. During the same quarter in the prior year, the business earned $2.09 EPS. Research analysts forecast that Danaher Co. will post 7.67 EPS for the current year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.61%. This is a positive change from Danaher’s previous quarterly dividend of $0.27. Danaher’s dividend payout ratio is 20.45%.

Danaher 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.