Danaher Co. (NYSE:DHR) Position Boosted by DnB Asset Management AS

DnB Asset Management AS raised its holdings in shares of Danaher Co. (NYSE:DHRFree Report) by 26.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,482 shares of the conglomerate’s stock after acquiring an additional 60,327 shares during the period. DnB Asset Management AS’s holdings in Danaher were worth $68,996,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC acquired a new position in shares of Danaher during the first quarter valued at approximately $25,000. Freedom Wealth Alliance LLC acquired a new position in shares of Danaher during the 4th quarter valued at $27,000. Chelsea Counsel Co. bought a new stake in shares of Danaher in the 4th quarter worth $27,000. Silicon Valley Capital Partners acquired a new stake in shares of Danaher in the first quarter valued at $29,000. Finally, Stone House Investment Management LLC bought a new position in Danaher during the first quarter valued at about $32,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DHR shares. Bank of America boosted their price target on shares of Danaher from $250.00 to $280.00 in a research report on Wednesday, July 26th. Raymond James increased their price objective on Danaher from $270.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. StockNews.com started coverage on Danaher in a report on Tuesday. They issued a “hold” rating on the stock. Barclays boosted their target price on Danaher from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus decreased their price target on Danaher from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and an average price target of $289.79.

Check Out Our Latest Analysis on DHR

Danaher Stock Up 0.1 %

Shares of DHR traded up $0.16 during trading hours on Thursday, reaching $252.61. The company’s stock had a trading volume of 649,330 shares, compared to its average volume of 2,853,732. The company has a quick ratio of 1.70, a current ratio of 2.08 and a debt-to-equity ratio of 0.35. The firm has a market cap of $186.52 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 2.75 and a beta of 0.80. The company has a 50 day moving average of $252.28 and a two-hundred day moving average of $244.94. Danaher Co. has a 1-year low of $221.22 and a 1-year high of $291.17.

Danaher (NYSE:DHRGet Free Report) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.04. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.12 billion. Danaher had a net margin of 20.95% and a return on equity of 15.03%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 EPS. As a group, research analysts predict that Danaher Co. will post 8.84 EPS for the current fiscal year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, October 12th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.43%. Danaher’s payout ratio is 12.68%.

Insider Buying and Selling at Danaher

In related news, SVP Jose-Carlos Gutierrez-Ramos sold 590 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $250.54, for a total value of $147,818.60. Following the completion of the sale, the senior vice president now owns 6,939 shares of the company’s stock, valued at approximately $1,738,497.06. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Jose-Carlos Gutierrez-Ramos sold 590 shares of Danaher stock in a transaction on Monday, August 21st. The shares were sold at an average price of $250.54, for a total value of $147,818.60. Following the completion of the sale, the senior vice president now owns 6,939 shares of the company’s stock, valued at approximately $1,738,497.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joakim Weidemanis sold 22,439 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $263.42, for a total transaction of $5,910,881.38. Following the completion of the sale, the executive vice president now owns 88,689 shares of the company’s stock, valued at $23,362,456.38. The disclosure for this sale can be found here. Insiders have sold 47,922 shares of company stock worth $12,552,233 over the last 90 days. 11.10% of the stock is currently owned by corporate insiders.

Danaher Company Profile

(Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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