Beck Mack & Oliver LLC decreased its position in Danaher Corp. (NYSE:DHR) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 21,106 shares of the company’s stock after selling 185 shares during the period. Beck Mack & Oliver LLC’s holdings in Danaher Corp. were worth $2,132,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new position in Danaher Corp. during the first quarter worth approximately $12,183,000. Canandaigua National Bank & Trust Co. raised 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. Hikari Power Ltd raised its position in Danaher Corp. by 114.0% in the first quarter. Hikari Power Ltd now owns 141,900 shares of the company’s stock worth $13,461,000 after buying an additional 75,600 shares during the period. Monetary Management Group Inc. raised its position in Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock worth $133,000 after buying an additional 1,100 shares during the period. Finally, M&T Bank Corp raised its position in Danaher Corp. by 0.5% in the first quarter. M&T Bank Corp now owns 539,274 shares of the company’s stock worth $51,156,000 after buying an additional 2,757 shares during the period. Hedge funds and other institutional investors own 75.74% of the company’s stock.
Danaher Corp. (NYSE:DHR) traded up 0.203% on Friday, reaching $76.365. The company had a trading volume of 2,003,527 shares. The company’s 50 day moving average is $78.28 and its 200-day moving average is $76.77. The firm has a market capitalization of $52.73 billion, a price-to-earnings ratio of 15.188 and a beta of 1.13. Danaher Corp. has a one year low of $61.60 and a one year high of $82.64.
Danaher Corp. (NYSE:DHR) last released its earnings results on Monday, July 25th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.03. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. On average, equities research analysts expect that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be paid 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 0.66%. Danaher Corp.’s dividend payout ratio is presently 9.94%.
Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research note on Thursday, June 23rd. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target on shares of Danaher Corp. in a research note on Monday, June 27th. Zacks Investment Research lowered Danaher Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $105.00 price target on shares of Danaher Corp. in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. assumed coverage on Danaher Corp. in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $74.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.87.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 179,054 shares of the company’s stock, valued at $14,582,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel L. Comas sold 96,446 shares of the firm’s 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 transaction, the chief financial officer now directly owns 215,716 shares in the company, valued at $17,447,110.08. The disclosure for this sale can be found here. 12.60% of the stock is owned by corporate 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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