Braun Stacey Associates Inc. lessened its holdings in shares of Danaher Corporation (NYSE:DHR) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,281 shares of the conglomerate’s stock after selling 2,725 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Danaher Corporation were worth $13,188,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in DHR. BlackRock Inc. increased its position in Danaher Corporation by 2,530.9% during the first quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock worth $3,247,398,000 after buying an additional 36,524,795 shares during the last quarter. Flossbach Von Storch AG increased its position in Danaher Corporation by 44.7% during the second quarter. Flossbach Von Storch AG now owns 5,782,019 shares of the conglomerate’s stock worth $487,945,000 after buying an additional 1,785,810 shares during the last quarter. Vanguard Group Inc. increased its position in Danaher Corporation by 3.9% during the first quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock worth $3,503,962,000 after buying an additional 1,530,015 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Danaher Corporation during the first quarter worth approximately $116,462,000. Finally, Marshall Wace North America L.P. acquired a new position in Danaher Corporation during the first quarter worth approximately $116,462,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on DHR shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $93.00 target price on shares of Danaher Corporation in a research report on Wednesday, May 24th. Janney Montgomery Scott downgraded Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub downgraded Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $97.00 target price on shares of Danaher Corporation in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.72.
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In related news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of Danaher Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.78, for a total value of $799,154.16. Following the completion of the transaction, the insider now directly owns 155,520 shares in the company, valued at approximately $12,718,425.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William King sold 7,458 shares of Danaher Corporation stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the completion of the transaction, the insider now owns 18,245 shares of the company’s stock, valued at $1,513,787.65. The disclosure for this sale can be found here. Insiders sold a total of 71,496 shares of company stock valued at $5,916,223 over the last quarter. 12.20% of the stock is owned by company insiders.
Shares of Danaher Corporation (NYSE DHR) opened at 86.76 on Monday. The company has a 50 day moving average price of $81.87 and a 200 day moving average price of $84.14. The company has a market capitalization of $60.27 billion, a PE ratio of 27.69 and a beta of 1.03. Danaher Corporation has a 52 week low of $75.71 and a 52 week high of $88.01.
Danaher Corporation (NYSE:DHR) last released its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the business earned $0.90 EPS. Danaher Corporation’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Danaher Corporation will post $3.95 earnings per share for the current year.
Danaher Corporation Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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