The Advisors Asset Management Inc. Decreases Position in Danaher Corp. (DHR)

The Advisors Asset Management Inc. Decreases Position in Danaher Corp. (DHR)

Advisors Asset Management Inc. lowered its stake in shares of Danaher Corp. (NYSE:DHR) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,241 shares of the company’s stock after selling 893 shares during the period. Advisors Asset Management Inc.’s holdings in Danaher Corp. were worth $5,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Palisade Capital Management LLC NJ boosted its position in Danaher Corp. by 2.5% in the second quarter. Palisade Capital Management LLC NJ now owns 126,438 shares of the company’s stock valued at $12,770,000 after buying an additional 3,142 shares during the last quarter. Schroder Investment Management Group boosted its position in Danaher Corp. by 3.1% in the second quarter. Schroder Investment Management Group now owns 2,195,765 shares of the company’s stock valued at $221,773,000 after buying an additional 65,079 shares during the last quarter. Welch & Forbes LLC boosted its position in Danaher Corp. by 1.3% in the second quarter. Welch & Forbes LLC now owns 725,947 shares of the company’s stock valued at $73,320,000 after buying an additional 9,184 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Danaher Corp. by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 135,473 shares of the company’s stock valued at $13,683,000 after buying an additional 576 shares during the last quarter. Finally, First Merchants Corp boosted its position in Danaher Corp. by 37.1% in the third quarter. First Merchants Corp now owns 36,702 shares of the company’s stock valued at $2,877,000 after buying an additional 9,928 shares during the last quarter. 74.76% of the stock is owned by hedge funds and other institutional investors.

Danaher Corp. (NYSE:DHR) opened at 80.53 on Friday. The company’s 50 day moving average is $78.90 and its 200-day moving average is $79.15. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The company has a market cap of $55.70 billion, a price-to-earnings ratio of 22.53 and a beta of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.62%. Danaher Corp.’s dividend payout ratio (DPR) is currently 13.97%.

Several research analysts have recently weighed in on DHR shares. Zacks Investment Research raised shares of Danaher Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, September 27th. Evercore ISI restated a “buy” rating and set a $89.00 target price on shares of Danaher Corp. in a research report on Wednesday, October 12th. RBC Capital Markets set a $84.00 target price on shares of Danaher Corp. and gave the company a “hold” rating in a research report on Monday, January 2nd. Morgan Stanley restated an “overweight” rating on shares of Danaher Corp. in a research report on Tuesday, December 13th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $90.00 target price on shares of Danaher Corp. in a research report on Thursday, October 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.83.

About Danaher Corp.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.

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