Alps Advisors Inc. Decreases Holdings in Danaher Co. (DHR)

Alps Advisors Inc. cut its stake in shares of Danaher Co. (NYSE:DHR) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,385 shares of the conglomerate’s stock after selling 4,152 shares during the period. Alps Advisors Inc.’s holdings in Danaher were worth $6,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in shares of Danaher by 10.3% during the 2nd quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock valued at $2,073,369,000 after acquiring an additional 1,963,116 shares during the period. Renaissance Technologies LLC grew its position in shares of Danaher by 77.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,718,200 shares of the conglomerate’s stock valued at $169,552,000 after acquiring an additional 750,000 shares during the period. Bank of Montreal Can grew its position in shares of Danaher by 113.3% during the 3rd quarter. Bank of Montreal Can now owns 1,069,328 shares of the conglomerate’s stock valued at $116,195,000 after acquiring an additional 567,990 shares during the period. CIBC World Markets Inc. grew its position in shares of Danaher by 2,228.2% during the 2nd quarter. CIBC World Markets Inc. now owns 525,287 shares of the conglomerate’s stock valued at $51,835,000 after acquiring an additional 502,725 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Danaher by 160.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 776,159 shares of the conglomerate’s stock valued at $76,592,000 after acquiring an additional 478,087 shares during the period. Institutional investors and hedge funds own 77.11% of the company’s stock.

In related news, Director Donald J. Ehrlich sold 10,578 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $95.77, for a total value of $1,013,055.06. Following the completion of the transaction, the director now owns 105,491 shares of the company’s stock, valued at approximately $10,102,873.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mitchell P. Rales acquired 1,080 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were bought at an average cost of $102.32 per share, with a total value of $110,505.60. Following the acquisition, the chairman now directly owns 1,827,953 shares in the company, valued at $187,036,150.96. The disclosure for this purchase can be found here. Insiders sold a total of 248,361 shares of company stock valued at $24,995,159 in the last ninety days. 11.90% of the stock is currently owned by insiders.



A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Danaher from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Royal Bank of Canada boosted their price objective on shares of Danaher to $107.00 and gave the company a “positive” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. ValuEngine raised shares of Danaher from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Morgan Stanley boosted their price objective on shares of Danaher from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Finally, Bank of America set a $113.00 price objective on shares of Danaher and gave the company a “buy” rating in a research report on Thursday, July 19th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $112.14.

Shares of Danaher stock opened at $97.14 on Friday. The firm has a market capitalization of $69.08 billion, a P/E ratio of 24.10, a PEG ratio of 1.90 and a beta of 1.01. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 0.38. Danaher Co. has a fifty-two week low of $91.41 and a fifty-two week high of $110.13.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, October 18th. The conglomerate reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. Danaher’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. On average, sell-side analysts forecast that Danaher Co. will post 4.51 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, September 27th. Danaher’s dividend payout ratio is currently 15.88%.

About Danaher

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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