Integrated Advisors Network LLC lowered its holdings in shares of Danaher Co. (NYSE:DHR) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,942 shares of the conglomerate’s stock after selling 241 shares during the quarter. Integrated Advisors Network LLC’s holdings in Danaher were worth $849,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Provident Wealth Management LLC acquired a new stake in shares of Danaher during the third quarter worth about $27,000. Price Wealth LLC raised its position in shares of Danaher by 75.6% during the third quarter. Price Wealth LLC now owns 137 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 59 shares during the period. Newfound Research LLC acquired a new stake in shares of Danaher during the third quarter worth about $37,000. Trustcore Financial Services LLC raised its position in Danaher by 36.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 230 shares of the conglomerate’s stock valued at $41,000 after buying an additional 62 shares during the last quarter. Finally, Atlas Private Wealth Management acquired a new stake in Danaher in the 3rd quarter valued at approximately $41,000. 78.01% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on DHR. Wells Fargo & Company reissued a “buy” rating and issued a $234.00 target price on shares of Danaher in a research report on Tuesday, September 29th. Royal Bank of Canada lifted their target price on Danaher from $250.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Zacks Investment Research raised Danaher from a “hold” rating to a “buy” rating and set a $203.00 target price on the stock in a research report on Tuesday, July 21st. Bank of America lifted their target price on Danaher from $181.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus lifted their target price on Danaher from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $217.19.
In related news, SVP Angela S. Lalor sold 77,909 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $205.50, for a total value of $16,010,299.50. Following the completion of the sale, the senior vice president now directly owns 52,445 shares in the company, valued at approximately $10,777,447.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela S. Lalor sold 38,954 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $205.00, for a total value of $7,985,570.00. Following the completion of the sale, the senior vice president now owns 52,445 shares of the company’s stock, valued at $10,751,225. The disclosure for this sale can be found here. Insiders have sold a total of 224,248 shares of company stock valued at $49,077,431 over the last quarter. 11.70% of the stock is currently owned by corporate insiders.
Shares of NYSE DHR traded up $0.99 during midday trading on Tuesday, hitting $230.64. 23,044 shares of the company’s stock were exchanged, compared to its average volume of 2,869,877. The company has a quick ratio of 1.68, a current ratio of 2.08 and a debt-to-equity ratio of 0.63. Danaher Co. has a 12 month low of $119.60 and a 12 month high of $248.32. The company’s 50 day moving average price is $227.76 and its 200 day moving average price is $196.29. The firm has a market capitalization of $163.14 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.09 and a beta of 0.84.
Danaher (NYSE:DHR) last issued its earnings results on Thursday, October 22nd. The conglomerate reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.36. Danaher had a return on equity of 12.94% and a net margin of 18.05%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the company posted $1.06 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Danaher Co. will post 6.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Monday, September 28th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 25th. This represents a $0.72 annualized dividend and a dividend yield of 0.31%. Danaher’s dividend payout ratio is currently 16.29%.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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