Redwood Investments LLC Invests $7.22 Million in Danaher Co. (DHR) Stock

Redwood Investments LLC purchased a new position in Danaher Co. (NYSE:DHR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,194 shares of the conglomerate’s stock, valued at approximately $7,223,000.

Other institutional investors have also recently modified their holdings of the company. Private Capital Group LLC lifted its stake in Danaher by 445.0% in the first quarter. Private Capital Group LLC now owns 1,744 shares of the conglomerate’s stock worth $171,000 after acquiring an additional 1,424 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Danaher by 12.5% in the second quarter. CIBC Asset Management Inc now owns 68,204 shares of the conglomerate’s stock worth $6,730,000 after acquiring an additional 7,565 shares during the last quarter. Pratt Collard Advisory Partners LLC raised its holdings in Danaher by 3.8% during the second quarter. Pratt Collard Advisory Partners LLC now owns 17,586 shares of the conglomerate’s stock worth $1,735,000 after purchasing an additional 650 shares in the last quarter. People s United Financial Inc. raised its holdings in Danaher by 1.5% during the second quarter. People s United Financial Inc. now owns 176,603 shares of the conglomerate’s stock worth $17,427,000 after purchasing an additional 2,586 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its holdings in Danaher by 42.3% during the first quarter. Evermay Wealth Management LLC now owns 18,319 shares of the conglomerate’s stock worth $1,794,000 after purchasing an additional 5,445 shares in the last quarter. Institutional investors own 76.95% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Danaher from a “hold” rating to a “sell” rating in a report on Monday, July 16th. ValuEngine cut shares of Danaher from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Royal Bank of Canada raised their price objective on shares of Danaher to $107.00 and gave the stock a “positive” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Danaher from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Friday, July 20th. Finally, Bank of America set a $113.00 price objective on shares of Danaher and gave the stock a “buy” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Danaher presently has a consensus rating of “Buy” and a consensus target price of $108.31.

In other news, insider Thomas Patrick Joyce, Jr. sold 104,913 shares of Danaher stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $101.88, for a total value of $10,688,536.44. Following the transaction, the insider now directly owns 276,438 shares of the company’s stock, valued at approximately $28,163,503.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William K. Daniel sold 103,086 shares of Danaher stock in a transaction on Friday, August 10th. The shares were sold at an average price of $100.63, for a total transaction of $10,373,544.18. Following the completion of the transaction, the executive vice president now directly owns 167,080 shares in the company, valued at $16,813,260.40. The disclosure for this sale can be found here. Insiders sold a total of 299,961 shares of company stock worth $30,619,691 over the last ninety days. Corporate insiders own 11.90% of the company’s stock.

Shares of Danaher stock opened at $100.15 on Monday. The firm has a market capitalization of $70.08 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. Danaher Co. has a 12 month low of $81.72 and a 12 month high of $106.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.50.

Danaher (NYSE:DHR) last announced its earnings results on Thursday, July 19th. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.06. The business had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.91 billion. Danaher had a net margin of 13.84% and a return on equity of 11.55%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. equities research analysts expect that Danaher Co. will post 4.49 EPS for the current fiscal year.

About Danaher

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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