River Wealth Advisors LLC reduced its stake in shares of Danaher Co. (NYSE:DHR) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,352 shares of the conglomerate’s stock after selling 495 shares during the quarter. River Wealth Advisors LLC’s holdings in Danaher were worth $1,789,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Elefante Mark B raised its holdings in shares of Danaher by 1.1% in the 4th quarter. Elefante Mark B now owns 8,490 shares of the conglomerate’s stock valued at $875,000 after buying an additional 95 shares during the period. Bogart Wealth LLC raised its holdings in shares of Danaher by 8.1% in the 4th quarter. Bogart Wealth LLC now owns 1,368 shares of the conglomerate’s stock valued at $141,000 after buying an additional 102 shares during the period. Evermay Wealth Management LLC raised its holdings in shares of Danaher by 0.6% in the 4th quarter. Evermay Wealth Management LLC now owns 18,575 shares of the conglomerate’s stock valued at $1,915,000 after buying an additional 106 shares during the period. Gardiner Nancy B raised its holdings in shares of Danaher by 1.2% in the 4th quarter. Gardiner Nancy B now owns 9,220 shares of the conglomerate’s stock valued at $951,000 after buying an additional 110 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Danaher by 3.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,881 shares of the conglomerate’s stock valued at $386,000 after buying an additional 131 shares during the period. 77.05% of the stock is currently owned by institutional investors.
DHR has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $102.00 price objective on shares of Danaher in a report on Wednesday, December 19th. Needham & Company LLC assumed coverage on Danaher in a report on Wednesday, January 2nd. They set a “buy” rating and a $114.00 price target on the stock. Cowen restated a “buy” rating and set a $110.00 price target on shares of Danaher in a report on Monday, January 7th. Finally, Robert W. Baird cut their price target on Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $113.08.
Shares of NYSE DHR opened at $109.25 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $76.57 billion, a P/E ratio of 24.17, a PEG ratio of 2.01 and a beta of 0.99. Danaher Co. has a 52-week low of $91.84 and a 52-week high of $111.10.
Danaher (NYSE:DHR) last posted its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.33 billion. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. As a group, research analysts forecast that Danaher Co. will post 4.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, December 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, December 27th. Danaher’s dividend payout ratio is presently 14.16%.
ILLEGAL ACTIVITY NOTICE: “River Wealth Advisors LLC Has $1.79 Million Holdings in Danaher Co. (NYSE:DHR)” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2019/02/11/river-wealth-advisors-llc-lowers-holdings-in-danaher-co-dhr.html.
Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?
Receive News & Ratings for Danaher Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Danaher and related companies with MarketBeat.com’s FREE daily email newsletter.