Janney Capital Management LLC, a well-known institutional investment management firm, has recently disclosed that it has reduced its stock ownership in Danaher Co. by 2.4% during the fourth quarter of the previous year, according to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm’s filing reveals that it owned 35,274 shares of the conglomerate’s stock, worth $9.362 million, after selling 851 shares during the period.
Danaher is considered as one of the leading diversified technology companies globally. It designs and manufactures products across various fields such as life sciences, diagnostics, environmental & applied solutions, and dental businesses among others. With over 60 years of operations in the industry under its belt, Danaher continues to impress investors worldwide with its stable growth trajectory.
On another front, Danaher has announced that it will pay out a quarterly dividend on April 28th. Those investors holding stocks as of March 31st shall receive a dividend of $0.27 per share representing an annualized payout of $1.08 with a yield of approximately 0.43%. This increase in dividends is good news for shareholders who can look forward to a higher return on their investments.
In a recent transaction on January 25th this year; Director Raymond C Stevens sold his business’s stock-8,410 shares at an average price of $264.27- resulting in total proceeds amounting to over $2 million USD for him personally following the sale completed well within legal framework laid down by SEC requirements disclosure filings available online.
With insiders owning around 11.20% of Danaher Company’s total outstanding shares; analysts believe this shows confidence among those who know their business best signalling likely solid performance outcomes ahead.
Overall these reports demonstrate Janney Capital Management LLC adjustment made to diversify their portfolio while giving investors more reasons to look favourably upon Danaher as an investment in the coming years.
Institutional Investors and Hedge Funds Take Notice of Danaher Corporation’s Strong Financials and Growth Potential
Danaher Corporation has been garnering attention from institutional investors and hedge funds lately, with many adding to or reducing their stakes in the company. My Personal CFO LLC recently acquired a new stake in Danaher valued at $29,000, while Moisand Fitzgerald Tamayo LLC boosted its position by an impressive 5,850.0% during the third quarter. Bellwether Advisors LLC raised its holdings by 157.7% during the same period and WFA of San Diego LLC acquired a new stake in the fourth quarter worth about $36,000. Concord Wealth Partners also took a new stake in shares of Danaher in the fourth quarter worth about $39,000.
Institutional investors now own 77.26% of Danaher’s stock as hedge funds continue to take positions in this conglomerate.
More recently, several brokerages have issued reports on DHR’s performance in the market. StockNews.com began coverage on shares of Danaher and gave it a “buy” rating for the company. Cowen analysts lowered their price objective on shares of Danaher from $340.00 to $320.00 but maintained an “outperform” rating for the company.
Barclays also decreased its target price on shares of Danaher from $290 to $270 and maintained an “overweight” rating on the stock while giving it their seal of approval.
Robert W Baird analysts too decreased their target price but remain optimistic about Danaher’s earnings potential overall.
Lastly, Credit Suisse Group cut shares of Danaher from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $315 to $300.
Danaher is increasing dividends paid out to shareholders as well; stockholders will receive dividends representing an annualized return yield of .43%.
Analysts are paying close attention as DHR stock trades down $1.35 during mid-day trading on Friday, hitting $253.06, with 903,835 shares of the company being exchanged.
Danaher has exhibited strong financials in its recent earnings results as well, beating its Q4 2020 consensus estimate of $2.46 per share by reporting an impressive $2.87 earnings per share for the quarter. With revenues reaching $8.37 billion compared to an estimated goal of $7.90 billion and a net margin of 22.91%, analysts are eagerly waiting to review upcoming quarterly reports for this conglomerate throughout the fiscal year.
Indeed Danaher has come a long way since its inception in 1969 when it operated as a real estate investment trust known as DMG, Inc., Today Danaher is ranked #160 of the Fortune 500 companies and operates from offices around the world, leading innovation in healthcare, environmental testing and measurement equipment, industrial technologies and more.
It will remain pivotal to watch how institutional investors respond accordingly to future fiscal year-end outcomes along with managerial execution in order to fully understand Danaher’s impact on financial markets today and into the future.