From MarketBeat:

Dynamo Internacional Gestao DE Recursos LTDA. cut its stake in Danaher Co. (NYSE:DHR) by 4.0% in the 3rd quarter. They owned 120,533 shares of the conglomerate’s stock worth $29,904,000 as of its most recent filing. Many other institutional investors have also modified their holdings of DHR. 76.71% of the stock is owned by institutional investors.

Danaher stock traded down $1.79 during trading on Friday, hitting $231.34, has a 50 day moving average of $212.82 and a 200 day moving average of $233.04. The company has a market capitalization of $170.94 billion, a P/E ratio of 29.41, a PEG ratio of 2.34 and a beta of 0.84.

In their last quarterly earnings report, Danaher had a revenue of $6.87 billion beating analyst estimates. Danaher’s quarterly revenue was down 10.3% compared to the same quarter last year. They had a return on equity of 13.71% and a net margin of 20.01%. They expect to post 8.31 earnings per share for the current year.

Danaher recently announced a quarterly dividend of $0.24 to be paid on Friday, January 26th to shareholders of record on Friday, December 29th.

Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock with an average target price of $259.40.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.



Read more: Dynamo Internacional Gestao DE Recursos LTDA. Has $29.90 Million Holdings in Danaher Co. (NYSE:DHR)