Public Employees Retirement Association of Colorado lifted its stake in Danaher Co. (NYSE:DHR) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 872,371 shares of the conglomerate’s stock after purchasing an additional 31,793 shares during the quarter. Danaher accounts for 0.8% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 29th largest position. Public Employees Retirement Association of Colorado owned about 0.12% of Danaher worth $125,997,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of DHR. Zevin Asset Management LLC raised its position in Danaher by 1.2% during the third quarter. Zevin Asset Management LLC now owns 67,015 shares of the conglomerate’s stock valued at $9,679,000 after acquiring an additional 768 shares in the last quarter. Reilly Herbert Faulkner III raised its position in Danaher by 1.1% during the third quarter. Reilly Herbert Faulkner III now owns 48,323 shares of the conglomerate’s stock valued at $6,979,000 after acquiring an additional 516 shares in the last quarter. Private Ocean LLC bought a new position in Danaher during the third quarter valued at approximately $39,000. Bingham Osborn & Scarborough LLC bought a new position in Danaher during the third quarter valued at approximately $237,000. Finally, Bourgeon Capital Management LLC raised its position in Danaher by 0.4% during the third quarter. Bourgeon Capital Management LLC now owns 55,684 shares of the conglomerate’s stock valued at $8,042,000 after acquiring an additional 230 shares in the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on DHR shares. Wolfe Research set a $154.00 price objective on shares of Danaher and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird raised their price objective on shares of Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. ValuEngine lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $134.00 price objective on shares of Danaher and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Piper Jaffray Companies lifted their price target on shares of Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $145.86.
Shares of NYSE:DHR traded up $0.73 during trading on Friday, reaching $135.23. The stock had a trading volume of 1,633,369 shares, compared to its average volume of 2,487,994. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $147.33. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.24 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.43 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $139.07 and a two-hundred day simple moving average of $138.28.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.02 billion. Danaher had a net margin of 12.13% and a return on equity of 11.42%. Danaher’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. On average, analysts forecast that Danaher Co. will post 4.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. Danaher’s payout ratio is 15.04%.
In related news, Chairman Mitchell P. Rales acquired 2,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $139.52 per share, for a total transaction of $348,800.00. Following the completion of the purchase, the chairman now owns 3,030,453 shares in the company, valued at approximately $422,808,802.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.40% of the company’s stock.
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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