HL Financial Services LLC boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 119.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,479 shares of the conglomerate’s stock after acquiring an additional 10,068 shares during the quarter. HL Financial Services LLC’s holdings in Danaher were worth $2,008,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of DHR. IMS Capital Management bought a new position in Danaher during the second quarter valued at approximately $107,000. BerganKDV Wealth Management LLC bought a new position in Danaher during the second quarter valued at approximately $111,000. Fort L.P. bought a new position in Danaher during the second quarter valued at approximately $119,000. Braun Bostich & Associates Inc. raised its position in shares of Danaher by 506.4% in the second quarter. Braun Bostich & Associates Inc. now owns 1,225 shares of the conglomerate’s stock valued at $121,000 after purchasing an additional 1,023 shares during the period. Finally, Reilly Financial Advisors LLC raised its position in shares of Danaher by 62.6% in the third quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock valued at $141,000 after purchasing an additional 501 shares during the period. 76.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on DHR. Zacks Investment Research lowered shares of Danaher from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Royal Bank of Canada lifted their price target on shares of Danaher to $107.00 and gave the company a “positive” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Danaher from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Bank of America set a $113.00 price target on shares of Danaher and gave the company a “buy” rating in a research report on Thursday, July 19th. Finally, Robert W. Baird dropped their price target on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Danaher presently has an average rating of “Buy” and an average target price of $112.14.
NYSE:DHR opened at $104.39 on Friday. The company has a market capitalization of $72.94 billion, a PE ratio of 23.49, a PEG ratio of 2.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.53. Danaher Co. has a 12 month low of $91.65 and a 12 month high of $110.13.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. Danaher’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Analysts predict that Danaher Co. will post 4.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. Danaher’s payout ratio is 15.88%.
In other news, CFO Daniel L. Comas sold 36,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $103.88, for a total value of $3,739,680.00. Following the sale, the chief financial officer now owns 124,218 shares in the company, valued at $12,903,765.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 5,212 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $103.89, for a total transaction of $541,474.68. Following the completion of the sale, the insider now owns 151,829 shares in the company, valued at approximately $15,773,514.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,007 shares of company stock worth $15,202,163. 11.90% of the stock is currently owned by corporate insiders.
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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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