Robertson Stephens Wealth Management LLC Sells 3,294 Shares of Danaher Co. (NYSE:DHR)

Robertson Stephens Wealth Management LLC cut its stake in shares of Danaher Co. (NYSE:DHR) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,240 shares of the conglomerate’s stock after selling 3,294 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Danaher were worth $3,962,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Danaher during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new position in Danaher in the 4th quarter worth approximately $31,000. Teachers Insurance & Annuity Association of America purchased a new position in Danaher in the 3rd quarter worth approximately $39,000. MidAtlantic Capital Management Inc. purchased a new position in Danaher in the 3rd quarter worth approximately $40,000. Finally, FSA Wealth Management LLC purchased a new position in Danaher in the 3rd quarter worth approximately $50,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHR. Royal Bank of Canada reissued an “outperform” rating and issued a $277.00 price target (down from $299.00) on shares of Danaher in a report on Thursday, January 30th. StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Raymond James reaffirmed a “market perform” rating on shares of Danaher in a report on Monday. Guggenheim initiated coverage on Danaher in a report on Thursday, December 19th. They set a “buy” rating and a $275.00 price objective on the stock. Finally, Citigroup decreased their price objective on Danaher from $285.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Insider Buying and Selling

In other news, SVP Brian W. Ellis sold 5,700 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $224.13, for a total transaction of $1,277,541.00. Following the completion of the transaction, the senior vice president now directly owns 20,230 shares of the company’s stock, valued at approximately $4,534,149.90. This represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.90% of the stock is currently owned by insiders.

Danaher Stock Performance

Shares of Danaher stock opened at $211.92 on Thursday. Danaher Co. has a one year low of $210.04 and a one year high of $281.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40. The company has a market cap of $153.07 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 2.80 and a beta of 0.83. The business’s 50 day moving average price is $234.50 and its 200 day moving average price is $252.68.

Danaher (NYSE:DHR) last posted its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS 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 period in the prior year, the company earned $2.09 EPS. On average, research analysts predict that Danaher Co. will post 7.77 EPS for the current year.

Danaher Dividend Announcement

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

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.