Nuveen Asset Management LLC Sells 171,736 Shares of Danaher Co. (NYSE:DHR)

Nuveen Asset Management LLC cut its position in shares of Danaher Co. (NYSE:DHRGet Rating) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,560,445 shares of the conglomerate’s stock after selling 171,736 shares during the quarter. Nuveen Asset Management LLC owned about 0.50% of Danaher worth $1,171,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new position in Danaher during the fourth quarter valued at $28,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Danaher in the fourth quarter worth $29,000. Lee Financial Co purchased a new position in shares of Danaher in the fourth quarter worth $30,000. Evolution Advisers Inc. purchased a new position in shares of Danaher in the fourth quarter worth $32,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Danaher in the third quarter worth $33,000. Institutional investors own 78.42% of the company’s stock.

In other news, EVP Joakim Weidemanis sold 6,500 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $255.74, for a total value of $1,662,310.00. Following the sale, the executive vice president now directly owns 86,398 shares in the company, valued at $22,095,424.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 11.20% of the company’s stock.

Several research analysts have recently weighed in on the company. StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. Zacks Investment Research cut Danaher from a “buy” rating to a “hold” rating and set a $278.00 price objective for the company. in a research report on Monday, April 25th. Wells Fargo & Company cut Danaher from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $330.00 to $265.00 in a research report on Monday, April 25th. Robert W. Baird cut their price target on Danaher from $334.00 to $319.00 and set an “outperform” rating for the company in a report on Friday, April 22nd. Finally, William Blair reissued an “outperform” rating on shares of Danaher in a report on Friday, April 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $331.14.

Shares of NYSE:DHR traded up $1.39 during mid-day trading on Thursday, reaching $251.71. The stock had a trading volume of 2,512,724 shares, compared to its average volume of 2,955,692. The company has a current ratio of 1.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a market cap of $183.01 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 2.77 and a beta of 0.84. Danaher Co. has a 1 year low of $233.71 and a 1 year high of $333.96. The business’s 50 day moving average price is $269.46 and its 200 day moving average price is $286.36.

Danaher (NYSE:DHRGet Rating) last posted its earnings results on Thursday, April 21st. The conglomerate reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.11. Danaher had a return on equity of 18.64% and a net margin of 21.32%. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the business earned $2.52 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts predict that Danaher Co. will post 10.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, June 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Danaher’s dividend payout ratio (DPR) is presently 11.57%.

Danaher Company Profile (Get Rating)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; flow cytometry, genomics, lab automation, centrifugation, particle counting and characterization; microscopes; genomics consumables; and Gene and Cell Therapy.

Further Reading

Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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