First National Trust Co. raised its position in Danaher Corp. (NYSE:DHR) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,348 shares of the company’s stock after buying an additional 566 shares during the period. First National Trust Co.’s holdings in Danaher Corp. were worth $1,348,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DHR. Stratos Wealth Partners LTD. increased its position in Danaher Corp. by 0.6% in the first quarter. Stratos Wealth Partners LTD. now owns 2,210 shares of the company’s stock worth $210,000 after buying an additional 14 shares during the period. First Financial Bank N.A. Trust Division increased its position in Danaher Corp. by 1.1% in the second quarter. First Financial Bank N.A. Trust Division now owns 4,342 shares of the company’s stock worth $439,000 after buying an additional 48 shares during the period. Callahan Advisors LLC increased its position in Danaher Corp. by 0.3% in the second quarter. Callahan Advisors LLC now owns 14,775 shares of the company’s stock worth $1,492,000 after buying an additional 50 shares during the period. Trust Co increased its position in Danaher Corp. by 1.3% in the first quarter. Trust Co now owns 4,772 shares of the company’s stock worth $452,000 after buying an additional 59 shares during the period. Finally, Canandaigua National Bank & Trust Co. increased its position in Danaher Corp. by 0.4% in the first quarter. Canandaigua National Bank & Trust Co. now owns 18,635 shares of the company’s stock worth $1,768,000 after buying an additional 75 shares during the period. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
Danaher Corp. (NYSE:DHR) traded down 0.51% on Monday, reaching $77.99. The company had a trading volume of 2,662,795 shares. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 15.51 and a beta of 1.13. Danaher Corp. has a one year low of $61.60 and a one year high of $82.64. The company has a 50-day moving average of $79.06 and a 200 day moving average of $76.51.
Danaher Corp. (NYSE:DHR) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business earned $5.80 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company posted $1.08 earnings per share. Danaher Corp.’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that Danaher Corp. will post $3.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, September 28th. Danaher Corp.’s payout ratio is currently 9.94%.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Danaher Corp. from a “buy” rating to a “hold” rating in a report on Thursday. Vetr upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $81.69 price objective on the stock in a report on Monday, September 12th. Jefferies Group restated a “buy” rating on shares of Danaher Corp. in a report on Thursday, September 8th. Barclays PLC raised their price objective on Danaher Corp. from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, September 7th. Finally, Morgan Stanley restated a “buy” rating and issued a $86.00 price objective on shares of Danaher Corp. in a report on Wednesday, August 31st. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Danaher Corp. has a consensus rating of “Buy” and an average price target of $93.98.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the completion of the sale, the insider now owns 179,054 shares in the company, valued at $14,582,157.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total value of $7,800,552.48. Following the sale, the chief financial officer now owns 215,716 shares of the company’s stock, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
About Danaher Corp.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.
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