Zevin Asset Management LLC Has $14.56 Million Stock Holdings in Danaher Co. (NYSE:DHR)

Zevin Asset Management LLC boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,435 shares of the conglomerate’s stock after acquiring an additional 5,726 shares during the period. Danaher comprises approximately 2.1% of Zevin Asset Management LLC’s holdings, making the stock its 18th largest position. Zevin Asset Management LLC’s holdings in Danaher were worth $14,561,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Danaher during the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Danaher in the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Danaher in the fourth quarter valued at about $31,000. Strategic Financial Concepts LLC purchased a new stake in shares of Danaher in the fourth quarter valued at about $31,000. Finally, Pineridge Advisors LLC raised its holdings in shares of Danaher by 63.3% in the fourth quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Danaher from $280.00 to $240.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Raymond James reiterated a “market perform” rating on shares of Danaher in a report on Monday, February 3rd. Barclays reduced their price target on shares of Danaher from $275.00 to $240.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Bank of America upgraded shares of Danaher from a “neutral” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Friday, December 13th. Finally, Guggenheim initiated coverage on shares of Danaher in a research report on Thursday, December 19th. They set a “buy” rating and a $275.00 price target for the company. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Danaher has a consensus rating of “Moderate Buy” and an average price target of $277.76.

Insider Transactions at Danaher

In other news, SVP Brian W. Ellis sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $224.13, for a total value of $1,277,541.00. Following the transaction, the senior vice president now owns 20,230 shares in the company, valued at approximately $4,534,149.90. This trade represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.10% of the company’s stock.

Danaher Trading Up 3.4 %

DHR stock opened at $211.09 on Friday. The company has a market capitalization of $150.87 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. Danaher Co. has a one year low of $196.80 and a one year high of $281.70. The company’s 50 day moving average price is $220.07 and its two-hundred day moving average price is $240.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.40.

Danaher (NYSE:DHR) last issued its earnings results on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same period in the previous year, the business earned $2.09 EPS. As a group, analysts predict that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.32 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. Danaher’s dividend payout ratio (DPR) is currently 24.24%.

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.