Private Wealth Partners LLC Acquires 11,961 Shares of Danaher Co. (DHR)

Private Wealth Partners LLC lifted its holdings in shares of Danaher Co. (NYSE:DHR) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 95,800 shares of the conglomerate’s stock after purchasing an additional 11,961 shares during the period. Danaher makes up 1.6% of Private Wealth Partners LLC’s holdings, making the stock its 22nd largest holding. Private Wealth Partners LLC’s holdings in Danaher were worth $9,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Danaher by 6.2% during the 1st quarter. BlackRock Inc. now owns 43,526,564 shares of the conglomerate’s stock worth $4,261,685,000 after acquiring an additional 2,542,198 shares in the last quarter. FMR LLC boosted its position in shares of Danaher by 10.3% during the 2nd quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock worth $2,073,369,000 after acquiring an additional 1,963,116 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Danaher by 0.8% during the 2nd quarter. Putnam Investments LLC now owns 6,385,003 shares of the conglomerate’s stock worth $630,072,000 after acquiring an additional 51,596 shares in the last quarter. Aristotle Capital Management LLC boosted its position in shares of Danaher by 3.5% during the 1st quarter. Aristotle Capital Management LLC now owns 4,451,816 shares of the conglomerate’s stock worth $435,877,000 after acquiring an additional 150,343 shares in the last quarter. Finally, Findlay Park Partners LLP boosted its position in shares of Danaher by 4.8% during the 2nd quarter. Findlay Park Partners LLP now owns 3,825,000 shares of the conglomerate’s stock worth $377,451,000 after acquiring an additional 175,000 shares in the last quarter. 76.95% of the stock is currently owned by institutional investors.

In other Danaher news, SVP Robert S. Lutz sold 14,555 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $103.93, for a total value of $1,512,701.15. Following the sale, the senior vice president now owns 18,044 shares in the company, valued at $1,875,312.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 104,913 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $101.88, for a total transaction of $10,688,536.44. Following the completion of the sale, the insider now owns 276,438 shares in the company, valued at approximately $28,163,503.44. The disclosure for this sale can be found here. Insiders sold 299,961 shares of company stock worth $30,619,691 in the last 90 days. Company insiders own 11.90% of the company’s stock.

Shares of Danaher stock opened at $106.19 on Monday. Danaher Co. has a fifty-two week low of $83.81 and a fifty-two week high of $107.77. The company has a current ratio of 1.50, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $74.03 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 2.02 and a beta of 1.03.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, July 19th. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.06. Danaher had a net margin of 13.84% and a return on equity of 11.55%. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same quarter last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. equities analysts anticipate that Danaher Co. will post 4.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be given a $0.16 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.60%. Danaher’s dividend payout ratio is currently 15.88%.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Danaher from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. ValuEngine upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Morgan Stanley increased their price target on shares of Danaher from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Friday, July 20th. Finally, Royal Bank of Canada increased their price target on shares of Danaher to $107.00 and gave the stock a “positive” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $109.20.

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.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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