Fayerweather Charles Has $2.41 Million Position in Danaher Co. (NYSE:DHR)

Fayerweather Charles reduced its holdings in shares of Danaher Co. (NYSE:DHR) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,822 shares of the conglomerate’s stock after selling 621 shares during the period. Danaher accounts for approximately 3.6% of Fayerweather Charles’ investment portfolio, making the stock its 11th biggest holding. Fayerweather Charles’ holdings in Danaher were worth $2,405,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Northern Trust Corp grew its holdings in Danaher by 0.4% during the 1st quarter. Northern Trust Corp now owns 8,887,690 shares of the conglomerate’s stock worth $1,173,352,000 after acquiring an additional 34,065 shares during the period. Geode Capital Management LLC grew its stake in shares of Danaher by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 7,527,142 shares of the conglomerate’s stock valued at $774,743,000 after buying an additional 583,194 shares during the period. Findlay Park Partners LLP grew its stake in shares of Danaher by 0.9% in the 1st quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock valued at $611,913,000 after buying an additional 40,000 shares during the period. Jennison Associates LLC acquired a new stake in shares of Danaher in the 1st quarter valued at about $489,930,000. Finally, American Century Companies Inc. grew its stake in shares of Danaher by 3.7% in the 1st quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock valued at $488,549,000 after buying an additional 133,300 shares during the period. Hedge funds and other institutional investors own 78.84% of the company’s stock.

In other Danaher news, Chairman Mitchell P. Rales purchased 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $130.78 per share, with a total value of $248,482.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Robert S. Lutz sold 14,668 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $143.28, for a total transaction of $2,101,631.04. Following the completion of the transaction, the chief accounting officer now directly owns 21,054 shares in the company, valued at approximately $3,016,617.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 392,121 shares of company stock worth $53,603,339. 11.40% of the stock is owned by insiders.

NYSE DHR traded down $1.03 during trading hours on Friday, hitting $139.19. The company’s stock had a trading volume of 2,021,226 shares, compared to its average volume of 2,511,232. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $145.50. The stock has a market capitalization of $100.59 billion, a P/E ratio of 30.79, a PEG ratio of 2.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.91. The company’s 50-day moving average price is $142.08.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Danaher Co. will post 4.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, June 28th were given a $0.17 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.68 annualized dividend and a yield of 0.49%. Danaher’s payout ratio is 15.04%.

Several analysts have recently commented on DHR shares. Argus raised their target price on Danaher to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Janney Montgomery Scott raised their target price on Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Jaffray Companies raised their target price on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and issued a $155.00 target price (up from $142.00) on shares of Danaher in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $134.00 target price on Danaher and gave the company a “hold” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $143.54.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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