Calamos Wealth Management LLC raised its holdings in Danaher Co. (NYSE:DHR) by 2,252.0% in the 1st quarter, HoldingsChannel reports. The firm owned 21,685 shares of the conglomerate’s stock after purchasing an additional 20,763 shares during the quarter. Calamos Wealth Management LLC’s holdings in Danaher were worth $4,881,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Edge Capital Group LLC increased its holdings in Danaher by 0.7% in the fourth quarter. Edge Capital Group LLC now owns 6,084 shares of the conglomerate’s stock valued at $1,351,000 after purchasing an additional 42 shares during the last quarter. Highland Private Wealth Management increased its holdings in Danaher by 2.9% in the fourth quarter. Highland Private Wealth Management now owns 1,596 shares of the conglomerate’s stock valued at $355,000 after purchasing an additional 45 shares during the last quarter. Symmetry Partners LLC increased its holdings in Danaher by 0.5% in the fourth quarter. Symmetry Partners LLC now owns 8,401 shares of the conglomerate’s stock valued at $1,866,000 after purchasing an additional 45 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Danaher by 2.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,977 shares of the conglomerate’s stock valued at $439,000 after purchasing an additional 46 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Danaher by 2.2% in the third quarter. IHT Wealth Management LLC now owns 2,212 shares of the conglomerate’s stock valued at $476,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 78.00% of the company’s stock.
In other news, SVP Angela S. Lalor sold 6,437 shares of the company’s stock in a transaction on Friday, February 12th. The shares were sold at an average price of $244.70, for a total value of $1,575,133.90. Following the transaction, the senior vice president now owns 25,148 shares of the company’s stock, valued at $6,153,715.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.70% of the company’s stock.
A number of research analysts have issued reports on the company. Credit Suisse Group boosted their target price on Danaher from $260.00 to $264.00 and gave the company an “outperform” rating in a research note on Thursday, January 14th. Zacks Investment Research cut Danaher from a “hold” rating to a “sell” rating and set a $241.00 price objective for the company. in a research report on Friday. Finally, Barclays began coverage on Danaher in a report on Monday, March 8th. They set an “overweight” rating and a $260.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $237.33.
Shares of NYSE DHR traded up $1.77 during midday trading on Monday, reaching $234.13. The company’s stock had a trading volume of 57,898 shares, compared to its average volume of 2,599,695. Danaher Co. has a 12-month low of $143.01 and a 12-month high of $248.86. The firm has a 50 day moving average price of $221.95 and a 200-day moving average price of $226.98. The stock has a market capitalization of $166.95 billion, a P/E ratio of 47.37, a PEG ratio of 1.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.08 and a quick ratio of 1.68.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.62 billion. Danaher had a net margin of 18.05% and a return on equity of 12.94%. Danaher’s revenue was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. On average, equities analysts predict that Danaher Co. will post 6.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, March 26th will be issued a dividend of $0.21 per share. This is a boost from Danaher’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, March 25th. This represents a $0.84 dividend on an annualized basis and a yield of 0.36%. Danaher’s payout ratio is presently 19.00%.
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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