1ST Source Bank decreased its position in shares of Danaher Corp. (NYSE:DHR) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,503 shares of the company’s stock after selling 904 shares during the period. 1ST Source Bank’s holdings in Danaher Corp. were worth $4,999,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Tocqueville Asset Management L.P. raised its stake in shares of Danaher Corp. by 2.4% in the second quarter. Tocqueville Asset Management L.P. now owns 55,736 shares of the company’s stock worth $5,629,000 after buying an additional 1,317 shares in the last quarter. Alley Co LLC bought a new stake in shares of Danaher Corp. during the second quarter worth $216,000. Signaturefd LLC raised its stake in shares of Danaher Corp. by 7.7% in the second quarter. Signaturefd LLC now owns 2,213 shares of the company’s stock worth $224,000 after buying an additional 159 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Danaher Corp. by 16.0% in the second quarter. Nordea Investment Management AB now owns 53,930 shares of the company’s stock worth $5,447,000 after buying an additional 7,450 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its stake in shares of Danaher Corp. by 2.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 19,515 shares of the company’s stock worth $1,971,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
Danaher Corp. (NYSE:DHR) traded up 0.84% during mid-day trading on Wednesday, reaching $77.07. 1,527,227 shares of the company were exchanged. The company has a 50 day moving average of $77.85 and a 200-day moving average of $76.92. Danaher Corp. has a 1-year low of $61.60 and a 1-year high of $82.64. The company has a market capitalization of $53.22 billion, a price-to-earnings ratio of 15.33 and a beta of 1.13.
Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.03. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Danaher Corp. will post $3.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. Danaher Corp.’s dividend payout ratio (DPR) is 9.94%.
Several equities research analysts have recently commented on DHR shares. Zacks Investment Research upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Wednesday. Evercore ISI restated a “buy” rating and issued a $89.00 price objective on shares of Danaher Corp. in a research note on Wednesday, October 12th. JPMorgan Chase & Co. restated a “buy” rating and issued a $90.00 price objective on shares of Danaher Corp. in a research note on Thursday, October 6th. Vetr upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $81.69 price objective for the company in a research note on Monday, September 12th. Finally, Jefferies Group restated a “buy” rating on shares of Danaher Corp. in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Danaher Corp. currently has a consensus rating of “Buy” and an average target price of $92.87.
In other news, CFO Daniel L. Comas sold 96,446 shares of Danaher Corp. stock in a transaction dated Wednesday, July 27th. The shares were 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 in the company, valued at $17,447,110.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of Danaher Corp. 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 completion of the sale, the insider now owns 179,054 shares in the company, valued at approximately $14,582,157.76. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.
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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