Sabal Trust CO decreased its position in Danaher Corp. (NYSE:DHR) by 16.0% during the second quarter, Holdings Channel reports. The firm owned 2,250 shares of the company’s stock after selling 430 shares during the period. Sabal Trust CO’s holdings in Danaher Corp. were worth $228,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. acquired a new stake in shares of Danaher Corp. during the second quarter worth about $88,276,000. Bank of Montreal Can acquired a new stake in shares of Danaher Corp. during the second quarter worth about $39,886,000. UBS Asset Management Americas Inc. boosted its stake in shares of Danaher Corp. by 11.6% in the first quarter. UBS Asset Management Americas Inc. now owns 4,068,557 shares of the company’s stock worth $385,943,000 after buying an additional 421,790 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Danaher Corp. by 17.9% in the first quarter. TIAA CREF Investment Management LLC now owns 2,701,241 shares of the company’s stock worth $256,240,000 after buying an additional 410,837 shares during the period. Finally, Investec Asset Management LTD boosted its stake in shares of Danaher Corp. by 35.0% in the first quarter. Investec Asset Management LTD now owns 1,321,145 shares of the company’s stock worth $125,324,000 after buying an additional 342,676 shares during the period. 75.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Danaher Corp. (NYSE:DHR) traded up 0.15% during mid-day trading on Wednesday, hitting $77.78. 2,090,105 shares of the stock were exchanged. The stock’s 50 day moving average is $78.95 and its 200-day moving average is $76.59. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The stock has a market cap of $53.71 billion, a PE ratio of 15.47 and a beta of 1.13.
Danaher Corp. (NYSE:DHR) last released its quarterly earnings data on Monday, July 25th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.03. The firm earned $5.80 billion during the quarter, compared to the consensus estimate of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, analysts anticipate that Danaher Corp. will post $3.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. Danaher Corp.’s dividend payout ratio is presently 9.94%.
A number of brokerages have recently issued reports on DHR. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Danaher Corp. in a research note on Saturday, July 9th. Citigroup Inc. increased their price target on shares of Danaher Corp. from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, June 13th. Jefferies Group reissued a “buy” rating and set a $92.00 price target (down previously from $105.00) on shares of Danaher Corp. in a research report on Friday, July 15th. Barclays PLC increased their price target on shares of Danaher Corp. from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, September 7th. Finally, Sanford C. Bernstein reissued a “hold” rating and set a $112.00 price target on shares of Danaher Corp. in a research report on Monday, June 13th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average 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 company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the transaction, the insider now owns 179,054 shares in the company, valued at $14,582,157.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the transaction, the chief financial officer now owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.
Danaher Corp. Company Profile
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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