Brown Advisory Inc. Trims Position in Danaher Co. (DHR)

Brown Advisory Inc. lowered its position in shares of Danaher Co. (NYSE:DHR) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,627,124 shares of the conglomerate’s stock after selling 392,241 shares during the period. Danaher accounts for about 1.8% of Brown Advisory Inc.’s holdings, making the stock its 9th biggest position. Brown Advisory Inc. owned 0.81% of Danaher worth $550,951,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Buckingham Asset Management LLC lifted its position in Danaher by 57.6% during the fourth quarter. Buckingham Asset Management LLC now owns 9,070 shares of the conglomerate’s stock valued at $842,000 after purchasing an additional 3,315 shares during the last quarter. Assetmark Inc. lifted its position in Danaher by 22.4% during the fourth quarter. Assetmark Inc. now owns 7,731 shares of the conglomerate’s stock valued at $718,000 after purchasing an additional 1,414 shares during the last quarter. Amalgamated Bank lifted its position in Danaher by 9.8% during the fourth quarter. Amalgamated Bank now owns 77,242 shares of the conglomerate’s stock valued at $7,170,000 after purchasing an additional 6,878 shares during the last quarter. Sand Hill Global Advisors LLC lifted its position in Danaher by 2.5% during the fourth quarter. Sand Hill Global Advisors LLC now owns 40,385 shares of the conglomerate’s stock valued at $3,749,000 after purchasing an additional 967 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Danaher by 69,460.8% during the fourth quarter. Lazard Asset Management LLC now owns 278,243 shares of the conglomerate’s stock valued at $25,826,000 after purchasing an additional 277,843 shares during the last quarter. 76.61% of the stock is owned by institutional investors.

In related news, CFO Daniel L. Comas sold 78,379 shares of the company’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $101.67, for a total transaction of $7,968,792.93. Following the completion of the sale, the chief financial officer now directly owns 148,769 shares in the company, valued at approximately $15,125,344.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Patrick Joyce, Jr. sold 120,354 shares of the company’s stock in a transaction on Friday, April 20th. The shares were sold at an average price of $101.17, for a total transaction of $12,176,214.18. Following the sale, the insider now owns 151,959 shares of the company’s stock, valued at $15,373,692.03. The disclosure for this sale can be found here. Insiders have sold a total of 241,940 shares of company stock valued at $24,527,925 over the last quarter. 11.90% of the stock is currently owned by company insiders.

Shares of DHR traded up $0.47 during mid-day trading on Thursday, reaching $98.62. The company’s stock had a trading volume of 2,013,700 shares, compared to its average volume of 2,412,073. The firm has a market cap of $69.24 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.59. Danaher Co. has a 52 week low of $78.97 and a 52 week high of $104.82.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, April 19th. The conglomerate reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. Danaher had a net margin of 13.56% and a return on equity of 11.39%. The company had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that Danaher Co. will post 4.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.65%. Danaher’s dividend payout ratio is currently 15.88%.

Several equities research analysts have issued reports on DHR shares. Zacks Investment Research lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. Credit Suisse Group reiterated an “outperform” rating on shares of Danaher in a research report on Friday, March 9th. ValuEngine upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Deutsche Bank dropped their target price on shares of Danaher from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, March 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $114.00 price objective (up from $108.00) on shares of Danaher in a report on Thursday, April 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $105.69.

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.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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