Vestor Capital LLC raised its holdings in Danaher Co. (NYSE:DHR – Free Report) by 1,335.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,245 shares of the conglomerate’s stock after acquiring an additional 196,524 shares during the quarter. Vestor Capital LLC’s holdings in Danaher were worth $3,511,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Fairfield Bush & CO. lifted its holdings in shares of Danaher by 10.9% during the first quarter. Fairfield Bush & CO. now owns 4,840 shares of the conglomerate’s stock valued at $1,420,000 after purchasing an additional 475 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Danaher by 19.3% during the first quarter. Zions Bancorporation N.A. now owns 2,468 shares of the conglomerate’s stock valued at $724,000 after buying an additional 400 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Danaher by 76.8% in the first quarter. Covestor Ltd now owns 495 shares of the conglomerate’s stock worth $145,000 after buying an additional 215 shares during the period. NewEdge Advisors LLC increased its position in shares of Danaher by 14.1% in the first quarter. NewEdge Advisors LLC now owns 31,530 shares of the conglomerate’s stock worth $9,248,000 after acquiring an additional 3,897 shares in the last quarter. Finally, Bridgewater Associates LP lifted its position in shares of Danaher by 135.9% in the 1st quarter. Bridgewater Associates LP now owns 35,270 shares of the conglomerate’s stock valued at $10,346,000 after acquiring an additional 20,320 shares in the last quarter. Institutional investors own 76.71% of the company’s stock.
Analysts Set New Price Targets
DHR has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of Danaher from $265.92 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. TheStreet lowered Danaher from a “b-” rating to a “c+” rating in a research report on Thursday. KeyCorp decreased their price objective on Danaher from $300.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Stifel Nicolaus dropped their target price on Danaher from $250.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, July 26th. Finally, Wells Fargo & Company decreased their price target on shares of Danaher from $285.00 to $247.00 and set an “overweight” rating for the company in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $257.73.
Danaher Trading Down 0.5 %
Danaher stock opened at $195.94 on Tuesday. Danaher Co. has a one year low of $182.09 and a one year high of $281.54. The company’s fifty day moving average price is $221.78 and its two-hundred day moving average price is $235.70. The company has a market capitalization of $144.79 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.94.
Danaher (NYSE:DHR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.19. Danaher had a return on equity of 13.71% and a net margin of 20.01%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts forecast that Danaher Co. will post 8.36 earnings per share for the current fiscal year.
Danaher Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, October 11th. Danaher’s payout ratio is 13.62%.
Insider Buying and Selling
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 transaction, the senior vice president now owns 6,939 shares in the company, valued at approximately $1,738,497.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.
Danaher Company Profile
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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