Danaher Co. (NYSE:DHR) Stock Holdings Reduced by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA lessened its holdings in Danaher Co. (NYSE:DHR) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,788 shares of the conglomerate’s stock after selling 110 shares during the period. Danaher accounts for about 0.7% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 24th biggest holding. First Commonwealth Financial Corp PA’s holdings in Danaher were worth $2,721,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DHR. Fort Pitt Capital Group LLC lifted its holdings in Danaher by 3.2% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 238,092 shares of the conglomerate’s stock worth $66,194,000 after buying an additional 7,421 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Danaher during the 3rd quarter worth about $217,000. Oak Thistle LLC bought a new position in Danaher during the 2nd quarter worth $363,000. Harvest Portfolios Group Inc. grew its position in Danaher by 1.2% during the third quarter. Harvest Portfolios Group Inc. now owns 202,263 shares of the conglomerate’s stock worth $56,233,000 after buying an additional 2,465 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of Danaher by 75.4% during the 2nd quarter. Diversified Trust Co now owns 4,360 shares of the conglomerate’s stock worth $1,090,000 after acquiring an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Danaher from $285.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company initiated coverage on Danaher in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $280.00 price target for the company. Raymond James lowered their price target on Danaher from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Wolfe Research upgraded Danaher from a “peer perform” rating to an “outperform” rating and set a $285.00 price target on the stock in a research report on Thursday, October 31st. Finally, StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $287.16.

Danaher Stock Up 0.7 %

Shares of NYSE:DHR traded up $1.55 during trading on Wednesday, hitting $238.13. The company’s stock had a trading volume of 150,873 shares, compared to its average volume of 2,755,588. The business has a 50 day moving average price of $256.66 and a two-hundred day moving average price of $259.81. The company has a market capitalization of $172.00 billion, a PE ratio of 45.14, a P/E/G ratio of 4.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. Danaher Co. has a fifty-two week low of $215.68 and a fifty-two week high of $281.70.

Danaher (NYSE:DHR) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, beating the consensus estimate of $1.57 by $0.14. The firm had revenue of $5.80 billion for 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%. Danaher’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.02 earnings per share. As a group, research analysts expect that Danaher Co. will post 7.5 EPS for the current fiscal year.

Danaher Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, September 27th. This represents a $1.08 annualized dividend and a dividend yield of 0.45%. Danaher’s dividend payout ratio (DPR) is 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.