Private Capital Group LLC lifted its holdings in Danaher Co. (NYSE:DHR) by 445.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,744 shares of the conglomerate’s stock after purchasing an additional 1,424 shares during the quarter. Private Capital Group LLC’s holdings in Danaher were worth $171,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Danaher by 6.2% in the first quarter. BlackRock Inc. now owns 43,526,564 shares of the conglomerate’s stock valued at $4,261,685,000 after purchasing an additional 2,542,198 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Danaher by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,263,971 shares of the conglomerate’s stock valued at $580,150,000 after purchasing an additional 167,442 shares in the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Danaher by 3.5% in the first quarter. Aristotle Capital Management LLC now owns 4,451,816 shares of the conglomerate’s stock valued at $435,877,000 after purchasing an additional 150,343 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Danaher by 2.1% in the first quarter. Epoch Investment Partners Inc. now owns 3,818,204 shares of the conglomerate’s stock valued at $373,840,000 after purchasing an additional 77,733 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Danaher by 5.0% in the first quarter. Franklin Resources Inc. now owns 2,851,517 shares of the conglomerate’s stock worth $279,220,000 after buying an additional 135,292 shares during the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Linda P. Hefner sold 18,001 shares of Danaher stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $101.51, for a total transaction of $1,827,281.51. Following the completion of the sale, the director now directly owns 25,225 shares in the company, valued at $2,560,589.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel L. Comas sold 25,206 shares of Danaher stock in a transaction on Friday, April 20th. The stock was sold at an average price of $101.39, for a total value of $2,555,636.34. Following the sale, the chief financial officer now owns 148,769 shares of the company’s stock, valued at $15,083,688.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,940 shares of company stock valued at $24,527,925. Corporate insiders own 11.90% of the company’s stock.
A number of analysts recently issued reports on the company. ValuEngine downgraded Danaher from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded Danaher from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays restated a “buy” rating and issued a $113.00 price target on shares of Danaher in a research report on Friday, April 20th. Morgan Stanley raised their price target on Danaher from $112.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, April 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $117.00 price target on shares of Danaher in a research report on Friday, April 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Danaher has a consensus rating of “Buy” and a consensus price target of $105.69.
NYSE:DHR opened at $99.30 on Friday. Danaher Co. has a twelve month low of $78.97 and a twelve month high of $104.82. The firm has a market cap of $68.40 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.03. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 0.38.
Danaher (NYSE:DHR) last released its earnings results on Thursday, April 19th. The conglomerate reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. Danaher had a return on equity of 11.39% and a net margin of 13.56%. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts anticipate that Danaher Co. will post 4.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 29th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.64%. Danaher’s dividend payout ratio (DPR) is 15.88%.
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.
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