Lake Street Advisors Group LLC bought a new position in shares of Danaher Co. (NYSE:DHR) during the fourth quarter, HoldingsChannel reports. The fund bought 8,317 shares of the conglomerate’s stock, valued at approximately $772,000.
Other large investors have also recently modified their holdings of the company. Zions Bancorporation raised its position in shares of Danaher by 118.3% during the third quarter. Zions Bancorporation now owns 1,231 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 667 shares during the period. Patten Group Inc. raised its position in shares of Danaher by 262.3% during the third quarter. Patten Group Inc. now owns 4,830 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 3,497 shares during the period. First Personal Financial Services raised its position in shares of Danaher by 128.9% during the fourth quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 691 shares during the period. Calton & Associates Inc. acquired a new position in shares of Danaher during the fourth quarter worth approximately $114,000. Finally, Truewealth LLC acquired a new position in shares of Danaher during the fourth quarter worth approximately $121,000. 77.64% of the stock is currently owned by institutional investors.
Danaher Co. (NYSE:DHR) opened at $100.31 on Tuesday. The stock has a market capitalization of $71,103.26, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. Danaher Co. has a 12 month low of $78.97 and a 12 month high of $104.82.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.97 billion. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. equities research analysts expect that Danaher Co. will post 4.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, March 28th. This is an increase from Danaher’s previous quarterly dividend of $0.14. Danaher’s dividend payout ratio is 15.86%.
A number of equities analysts have recently weighed in on DHR shares. Credit Suisse Group reaffirmed a “hold” rating and set a $99.00 target price on shares of Danaher in a research report on Tuesday, December 19th. Zacks Investment Research downgraded Danaher from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Robert W. Baird reiterated a “buy” rating on shares of Danaher in a report on Friday, January 12th. Royal Bank of Canada reiterated a “hold” rating and set a $96.00 price target on shares of Danaher in a report on Thursday, January 4th. Finally, Barclays initiated coverage on Danaher in a report on Thursday, February 15th. They set an “overweight” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $101.40.
In other news, insider Rainer Blair sold 3,981 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $100.05, for a total transaction of $398,299.05. Following the completion of the transaction, the insider now owns 49,751 shares in the company, valued at approximately $4,977,587.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel L. Comas sold 62,989 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $101.96, for a total value of $6,422,358.44. Following the transaction, the chief financial officer now owns 227,805 shares of the company’s stock, valued at approximately $23,226,997.80. The disclosure for this sale can be found here. Insiders sold a total of 313,260 shares of company stock valued at $31,657,786 in the last 90 days. Corporate insiders own 12.20% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/03/20/lake-street-advisors-group-llc-invests-772000-in-danaher-co-dhr.html.
Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
Want to see what other hedge funds are holding DHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Danaher Co. (NYSE:DHR).
Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.