Delaney Dennis R trimmed its holdings in shares of Danaher Co. (NYSE:DHR) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,788 shares of the conglomerate’s stock after selling 665 shares during the period. Danaher makes up about 2.7% of Delaney Dennis R’s holdings, making the stock its 14th biggest position. Delaney Dennis R’s holdings in Danaher were worth $1,991,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. River Wealth Advisors LLC boosted its stake in shares of Danaher by 0.4% during the 3rd quarter. River Wealth Advisors LLC now owns 16,838 shares of the conglomerate’s stock worth $2,432,000 after acquiring an additional 73 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Danaher by 2.0% during the 2nd quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock worth $529,000 after purchasing an additional 74 shares during the last quarter. JGP Global Gestao de Recursos Ltda. lifted its position in shares of Danaher by 2.0% during the 3rd quarter. JGP Global Gestao de Recursos Ltda. now owns 3,718 shares of the conglomerate’s stock worth $537,000 after purchasing an additional 74 shares during the last quarter. Mechanics Bank Trust Department lifted its position in shares of Danaher by 1.7% during the 2nd quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 75 shares during the last quarter. Finally, Copperwynd Financial LLC lifted its position in shares of Danaher by 1.9% during the 2nd quarter. Copperwynd Financial LLC now owns 4,144 shares of the conglomerate’s stock worth $592,000 after purchasing an additional 79 shares during the last quarter. 78.30% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Mitchell P. Rales purchased 2,500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $139.52 per share, with a total value of $348,800.00. Following the acquisition, the chairman now directly owns 3,030,453 shares in the company, valued at approximately $422,808,802.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.40% of the company’s stock.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Danaher had a return on equity of 11.42% and a net margin of 12.13%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, analysts forecast that Danaher Co. will post 4.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a yield of 0.50%. Danaher’s dividend payout ratio (DPR) is 15.04%.
Several equities analysts recently weighed in on the company. Needham & Company LLC cut their price objective on Danaher from $155.00 to $152.00 and set a “buy” rating for the company in a research report on Monday, October 28th. ValuEngine cut Danaher from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price objective on Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $134.00 price objective on Danaher and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $151.00 price objective on shares of Danaher in a research report on Monday, October 14th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Danaher currently has a consensus rating of “Buy” and a consensus target price of $145.86.
Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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