Allen Investment Management LLC Raises Position in Danaher Corporation (NYSE:DHR)

Allen Investment Management LLC increased its stake in shares of Danaher Corporation (NYSE:DHR) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890,155 shares of the conglomerate’s stock after buying an additional 88,647 shares during the period. Danaher Corporation accounts for 4.6% of Allen Investment Management LLC’s holdings, making the stock its 7th largest position. Allen Investment Management LLC’s holdings in Danaher Corporation were worth $76,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Eastern Bank raised its position in Danaher Corporation by 3.1% in the first quarter. Eastern Bank now owns 2,915 shares of the conglomerate’s stock valued at $249,000 after buying an additional 87 shares during the period. BLB&B Advisors LLC raised its position in Danaher Corporation by 2.2% in the first quarter. BLB&B Advisors LLC now owns 23,293 shares of the conglomerate’s stock valued at $1,992,000 after buying an additional 500 shares during the period. Parametrica Management Ltd bought a new position in Danaher Corporation during the first quarter valued at $304,000. Alpha Windward LLC raised its position in Danaher Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 2,605 shares of the conglomerate’s stock valued at $223,000 after buying an additional 21 shares during the period. Finally, Inverness Counsel LLC NY bought a new position in Danaher Corporation during the first quarter valued at $418,000. Institutional investors own 76.56% of the company’s stock.

Danaher Corporation (DHR) traded down 1.31% on Thursday, reaching $79.18. 531,058 shares of the company traded hands. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01. The company has a market capitalization of $55.01 billion, a PE ratio of 25.27 and a beta of 1.03. The stock has a 50-day moving average of $83.27 and a 200 day moving average of $84.25.

Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts forecast that Danaher Corporation will post $3.95 EPS for the current year.

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Several equities analysts have weighed in on the company. Janney Montgomery Scott lowered Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub upgraded Danaher Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and issued a $97.00 price objective on shares of Danaher Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $93.00 price objective on shares of Danaher Corporation in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Danaher Corporation has an average rating of “Buy” and an average price target of $91.76.

In other Danaher Corporation news, insider William King sold 7,458 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $82.97, for a total value of $618,790.26. Following the sale, the insider now owns 18,245 shares in the company, valued at $1,513,787.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Angela S. Lalor sold 10,815 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total transaction of $910,190.40. Following the completion of the sale, the senior vice president now owns 39,020 shares in the company, valued at approximately $3,283,923.20. The disclosure for this sale can be found here. Insiders sold 38,623 shares of company stock worth $3,206,426 in the last 90 days. Company insiders own 12.20% of the company’s stock.

About Danaher Corporation

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.

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Institutional Ownership by Quarter for Danaher Corporation (NYSE:DHR)

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