Trust Department MB Financial Bank N A cut its holdings in Danaher Co. (NYSE:DHR) by 16.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,290 shares of the conglomerate’s stock after selling 460 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Danaher were worth $236,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in DHR. Belpointe Asset Management LLC acquired a new position in shares of Danaher during the 3rd quarter valued at about $121,000. Reilly Financial Advisors LLC increased its position in Danaher by 62.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 501 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Danaher during the 3rd quarter worth approximately $166,000. Bartlett & Co. LLC increased its position in Danaher by 187.2% during the 3rd quarter. Bartlett & Co. LLC now owns 1,611 shares of the conglomerate’s stock worth $175,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Danaher by 11.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,790 shares of the conglomerate’s stock worth $195,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 77.03% of the company’s stock.
A number of research firms recently issued reports on DHR. Zacks Investment Research raised shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Wednesday, September 19th. Morgan Stanley increased their target price on shares of Danaher from $122.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 10th. Robert W. Baird dropped their target price on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Royal Bank of Canada reissued a “hold” rating and set a $102.00 target price on shares of Danaher in a research report on Wednesday, December 19th. Finally, Needham & Company LLC began coverage on shares of Danaher in a research report on Wednesday, January 2nd. They set a “buy” rating and a $114.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Danaher has a consensus rating of “Buy” and an average target price of $112.28.
Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, October 18th. The conglomerate reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Danaher had a return on equity of 11.59% and a net margin of 14.07%. Danaher’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. As a group, sell-side analysts forecast that Danaher Co. will post 4.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, December 28th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, December 27th. Danaher’s dividend payout ratio is presently 15.88%.
In other news, SVP Robert S. Lutz sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $103.80, for a total transaction of $1,557,000.00. Following the completion of the transaction, the senior vice president now directly owns 33,044 shares in the company, valued at approximately $3,429,967.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daniel L. Comas sold 36,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $103.88, for a total value of $3,739,680.00. Following the transaction, the chief financial officer now owns 124,218 shares of the company’s stock, valued at $12,903,765.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,007 shares of company stock valued at $15,202,163. 11.90% of the stock is owned by company insiders.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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