Wesbanco Bank Inc. Sells 67 Shares of Danaher Co. (NYSE:DHR)

Wesbanco Bank Inc. lowered its stake in shares of Danaher Co. (NYSE:DHR) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,992 shares of the conglomerate’s stock after selling 67 shares during the quarter. Wesbanco Bank Inc.’s holdings in Danaher were worth $2,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DHR. Coronation Fund Managers Ltd. raised its holdings in Danaher by 29.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 6,389 shares of the conglomerate’s stock valued at $1,596,000 after acquiring an additional 1,470 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Danaher by 119.8% during the second quarter. Public Sector Pension Investment Board now owns 19,503 shares of the conglomerate’s stock valued at $4,873,000 after purchasing an additional 10,628 shares during the period. APG Asset Management US Inc. lifted its position in Danaher by 4.4% in the second quarter. APG Asset Management US Inc. now owns 211,565 shares of the conglomerate’s stock worth $51,730,000 after purchasing an additional 8,908 shares during the period. APG Asset Management N.V. boosted its stake in Danaher by 13.6% during the second quarter. APG Asset Management N.V. now owns 531,544 shares of the conglomerate’s stock worth $123,915,000 after buying an additional 63,712 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in Danaher by 3.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 16,498 shares of the conglomerate’s stock valued at $4,122,000 after buying an additional 485 shares during the period. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DHR. Barclays reduced their price objective on shares of Danaher from $285.00 to $275.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on Danaher from $333.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. KeyCorp boosted their price target on Danaher from $290.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Citigroup dropped their price objective on Danaher from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.55.

Danaher Stock Up 0.6 %

Shares of DHR opened at $245.73 on Friday. The firm has a market capitalization of $177.49 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 4.43 and a beta of 0.83. Danaher Co. has a 52 week low of $225.42 and a 52 week high of $281.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.37. The business’s fifty day moving average price is $234.90 and its two-hundred day moving average price is $253.47.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company earned $2.02 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Danaher Co. will post 7.5 earnings per share for the current year.

Danaher Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, December 27th. Danaher’s dividend payout ratio (DPR) is 20.61%.

About Danaher

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.