First Financial Corp IN Sells 54 Shares of Danaher Co. (NYSE:DHR)

First Financial Corp IN cut its stake in Danaher Co. (NYSE:DHR) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,093 shares of the conglomerate’s stock after selling 54 shares during the quarter. First Financial Corp IN’s holdings in Danaher were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Courier Capital LLC raised its stake in Danaher by 29.5% during the 4th quarter. Courier Capital LLC now owns 2,106 shares of the conglomerate’s stock valued at $483,000 after buying an additional 480 shares during the last quarter. Parisi Gray Wealth Management grew its holdings in shares of Danaher by 0.5% in the fourth quarter. Parisi Gray Wealth Management now owns 15,749 shares of the conglomerate’s stock worth $3,615,000 after acquiring an additional 73 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Danaher by 132.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 19,278 shares of the conglomerate’s stock valued at $4,425,000 after acquiring an additional 10,976 shares during the period. Miracle Mile Advisors LLC increased its position in shares of Danaher by 778.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,808 shares of the conglomerate’s stock valued at $2,252,000 after purchasing an additional 8,692 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its stake in shares of Danaher by 9.5% in the 4th quarter. Sunflower Bank N.A. now owns 1,530 shares of the conglomerate’s stock worth $351,000 after purchasing an additional 133 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Guggenheim began coverage on shares of Danaher in a research report on Thursday, December 19th. They set a “buy” rating and a $275.00 target price for the company. TD Cowen boosted their price objective on shares of Danaher from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Danaher from $250.00 to $265.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. KeyCorp boosted their price target on Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America upgraded Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.80.

Danaher Stock Performance

DHR opened at $239.83 on Tuesday. The stock has a market capitalization of $173.22 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 4.32 and a beta of 0.83. Danaher Co. has a fifty-two week low of $222.53 and a fifty-two week high of $281.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The company has a fifty day moving average of $235.52 and a 200 day moving average of $253.65.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.14. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.59 billion. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.02 earnings per share. As a group, sell-side analysts forecast that Danaher Co. will post 7.5 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. Danaher’s dividend payout ratio is currently 20.61%.

Danaher Company 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.