First Personal Financial Services grew its stake in shares of Danaher Co. (NYSE:DHR) by 74.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,145 shares of the conglomerate’s stock after acquiring an additional 918 shares during the period. First Personal Financial Services’ holdings in Danaher were worth $210,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of DHR. Calton & Associates Inc. purchased a new stake in shares of Danaher during the fourth quarter worth $114,000. CNB Bank purchased a new stake in shares of Danaher during the fourth quarter worth $116,000. Truewealth LLC purchased a new stake in shares of Danaher during the fourth quarter worth $121,000. Zions Bancorporation purchased a new stake in shares of Danaher during the first quarter worth $123,000. Finally, Resources Investment Advisors Inc. lifted its position in shares of Danaher by 661.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock worth $142,000 after acquiring an additional 1,329 shares in the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.
Several equities research analysts have issued reports on DHR shares. Barclays started coverage on Danaher in a research report on Thursday, February 15th. They set an “overweight” rating and a $110.00 target price on the stock. Zacks Investment Research upgraded Danaher from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday, May 17th. Royal Bank of Canada restated a “hold” rating and set a $98.00 target price on shares of Danaher in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on shares of Danaher from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, ValuEngine raised shares of Danaher from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.56.
Danaher (NYSE:DHR) last released its earnings results on Thursday, April 19th. The conglomerate reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. The business had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Danaher had a return on equity of 11.39% and a net margin of 13.56%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. sell-side analysts anticipate that Danaher Co. will post 4.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.63%. Danaher’s dividend payout ratio is presently 15.88%.
In related news, Director Linda P. Hefner sold 18,001 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $101.51, for a total value of $1,827,281.51. Following the transaction, the director now owns 25,225 shares of the company’s stock, valued at $2,560,589.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel L. Comas sold 78,379 shares of the stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $101.67, for a total value of $7,968,792.93. Following the completion of the transaction, the chief financial officer now directly owns 148,769 shares in the company, valued at approximately $15,125,344.23. The disclosure for this sale can be found here. In the last three months, insiders sold 241,940 shares of company stock worth $24,527,925. 11.90% of the stock is owned by insiders.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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