South Dakota Investment Council held its stake in Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the conglomerate’s stock at the close of the second quarter. South Dakota Investment Council’s holdings in Danaher Corporation were worth $2,110,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Peddock Capital Advisors LLC boosted its position in Danaher Corporation by 17.4% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock worth $105,000 after acquiring an additional 181 shares during the period. Proficio Capital Partners LLC boosted its position in Danaher Corporation by 92.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock worth $105,000 after acquiring an additional 598 shares during the period. ClariVest Asset Management LLC acquired a new position in Danaher Corporation during the 1st quarter worth $157,000. Motco boosted its position in Danaher Corporation by 8.8% during the 2nd quarter. Motco now owns 2,011 shares of the conglomerate’s stock worth $170,000 after acquiring an additional 163 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in Danaher Corporation by 62.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,111 shares of the conglomerate’s stock worth $178,000 after acquiring an additional 808 shares during the period. Institutional investors own 75.69% of the company’s stock.
A number of research analysts have issued reports on DHR shares. BidaskClub lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Deutsche Bank AG reiterated a “buy” rating and set a $97.00 price target on shares of Danaher Corporation in a research report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $88.00 price target on shares of Danaher Corporation in a research report on Wednesday, July 12th. Zacks Investment Research lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company started coverage on Danaher Corporation in a research report on Thursday, July 13th. They set a “market perform” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.62.
In other news, Director Linda P. Hefner sold 10,578 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $83.03, for a total value of $878,291.34. Following the transaction, the director now directly owns 42,151 shares in the company, valued at approximately $3,499,797.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William King sold 43,688 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $82.86, for a total value of $3,619,987.68. Following the completion of the transaction, the insider now owns 45,748 shares in the company, valued at $3,790,679.28. The disclosure for this sale can be found here. Insiders sold a total of 71,496 shares of company stock worth $5,916,223 over the last 90 days. 12.20% of the stock is owned by corporate insiders.
Shares of Danaher Corporation (DHR) opened at 87.03 on Friday. The firm has a market capitalization of $60.46 billion, a price-to-earnings ratio of 27.78 and a beta of 1.03. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.62. The stock’s 50 day moving average price is $85.70 and its 200-day moving average price is $84.21.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the company earned $0.90 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Danaher Corporation will post $3.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. Danaher Corporation’s dividend payout ratio is currently 17.83%.
About Danaher Corporation
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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