ST Germain D J Co. Inc. cut its stake in Danaher Co. (NYSE:DHR) by 6.6% in the 2nd quarter, Holdings Channel reports. The fund owned 13,330 shares of the conglomerate’s stock after selling 942 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Danaher were worth $1,905,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Northern Trust Corp grew its position in Danaher by 0.4% in the first 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 in the last quarter. Geode Capital Management LLC grew its position in Danaher by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 7,527,142 shares of the conglomerate’s stock worth $774,743,000 after acquiring an additional 583,194 shares in the last quarter. Findlay Park Partners LLP grew its position in Danaher by 0.9% in the first quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock worth $611,913,000 after acquiring an additional 40,000 shares in the last quarter. Jennison Associates LLC purchased a new position in Danaher in the first quarter worth $489,930,000. Finally, American Century Companies Inc. grew its position in Danaher by 3.7% in the first quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock worth $488,549,000 after acquiring an additional 133,300 shares in the last quarter. Institutional investors own 78.84% of the company’s stock.
DHR has been the subject of several recent research reports. Argus boosted their price target on shares of Danaher to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Danaher from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Robert W. Baird boosted their price target on shares of Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and issued a $155.00 price target (up from $142.00) on shares of Danaher in a research note on Friday, July 19th. Finally, Wolfe Research initiated coverage on shares of Danaher in a research note on Thursday, May 30th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $143.54.
Danaher stock traded down $1.03 during mid-day trading 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. The company has a current ratio of 2.32, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The stock has a market cap of $100.59 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. The business has a 50 day moving average of $142.08. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $145.50.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.09 billion. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. Equities analysts forecast that Danaher Co. will post 4.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, June 27th. Danaher’s dividend payout ratio (DPR) is 15.04%.
In other news, Chairman Mitchell P. Rales acquired 1,900 shares of the stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $130.78 per share, with a total value of $248,482.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert S. Lutz sold 14,668 shares of the company’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 transaction, the chief accounting officer now directly owns 21,054 shares of the company’s stock, valued at $3,016,617.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 392,121 shares of company stock valued at $53,603,339. Insiders own 11.40% of the company’s stock.
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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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