Private Ocean LLC purchased a new stake in shares of Danaher Co. (NYSE:DHR) during the 3rd quarter, Holdings Channel reports. The fund purchased 270 shares of the conglomerate’s stock, valued at approximately $39,000.
Several other institutional investors also recently made changes to their positions in DHR. Dorsey Wright & Associates increased its holdings in shares of Danaher by 1.5% in the second quarter. Dorsey Wright & Associates now owns 32,512 shares of the conglomerate’s stock valued at $4,647,000 after buying an additional 467 shares in the last quarter. WINTON GROUP Ltd grew its position in Danaher by 255.9% during the 2nd quarter. WINTON GROUP Ltd now owns 16,441 shares of the conglomerate’s stock worth $2,350,000 after purchasing an additional 11,821 shares in the last quarter. KAMES CAPITAL plc purchased a new position in Danaher during the 2nd quarter worth approximately $2,868,000. Empirical Finance LLC purchased a new position in Danaher during the 2nd quarter worth approximately $212,000. Finally, Calton & Associates Inc. purchased a new position in Danaher during the 2nd quarter worth approximately $458,000. 78.30% of the stock is currently owned by institutional investors.
DHR has been the topic of several research analyst reports. Wolfe Research set a $154.00 price objective on shares of Danaher and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada set a $134.00 price objective on shares of Danaher and gave the stock a “hold” rating in a research report on Friday, July 19th. Needham & Company LLC lowered their price objective on shares of Danaher from $155.00 to $152.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Argus lifted their price objective on shares of Danaher to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, ValuEngine cut shares of Danaher from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $145.86.
In related news, Chairman Mitchell P. Rales purchased 2,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $139.52 per share, for a total transaction of $348,800.00. Following the acquisition, the chairman now directly owns 3,030,453 shares in the company, valued at approximately $422,808,802.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.40% of the company’s stock.
Shares of Danaher stock traded up $0.73 on Friday, hitting $135.23. 1,633,369 shares of the company traded hands, compared to its average volume of 2,487,994. The company has a 50-day moving average price of $139.07 and a 200 day moving average price of $138.28. The company has a quick ratio of 3.09, a current ratio of 3.43 and a debt-to-equity ratio of 0.52. Danaher Co. has a 12-month low of $94.59 and a 12-month high of $147.33. The company has a market cap of $95.87 billion, a PE ratio of 29.92, a PEG ratio of 2.24 and a beta of 0.92.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. Danaher had a net margin of 12.13% and a return on equity of 11.42%. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the company posted $1.10 EPS. Danaher’s revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Danaher Co. will post 4.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Thursday, September 26th. Danaher’s dividend payout ratio is currently 15.04%.
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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