North Star Asset Management Inc. held its stake in Danaher Corp. (NYSE:DHR) during the second quarter, Holdings Channel reports. The fund owned 19,929 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Danaher Corp. were worth $1,890,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new stake in Danaher Corp. during the second quarter valued at $132,000. Monetary Management Group Inc. raised its stake in Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the period. Carnick & Kubik LLC bought a new stake in Danaher Corp. during the first quarter valued at $171,000. Integrated Investment Consultants LLC bought a new stake in Danaher Corp. during the second quarter valued at $179,000. Finally, Washington Trust Bank raised its stake in Danaher Corp. by 88.4% in the second quarter. Washington Trust Bank now owns 1,950 shares of the company’s stock valued at $197,000 after buying an additional 915 shares during the period. Hedge funds and other institutional investors own 75.74% of the company’s stock.
Shares of Danaher Corp. (NYSE:DHR) traded down 0.15% during mid-day trading on Monday, hitting $78.13. The stock had a trading volume of 746,184 shares. Danaher Corp. has a 52 week low of $61.60 and a 52 week high of $82.64. The stock has a 50 day moving average price of $78.73 and a 200 day moving average price of $76.66. The firm has a market cap of $53.95 billion, a PE ratio of 15.54 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The company earned $5.80 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm posted $1.08 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Danaher Corp. will post $3.56 EPS for the current fiscal year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.64%. Danaher Corp.’s payout ratio is 9.94%.
DHR has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and issued a $92.00 target price (down from $105.00) on shares of Danaher Corp. in a report on Friday, July 15th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $105.00 price target on shares of Danaher Corp. in a report on Thursday, June 30th. Argus reiterated a “buy” rating and set a $90.00 price target (down from $110.00) on shares of Danaher Corp. in a report on Thursday, July 28th. Morgan Stanley reiterated a “buy” rating and set a $86.00 price target on shares of Danaher Corp. in a report on Wednesday, August 31st. Finally, Vetr upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $81.69 price target for the company in a report on Monday, September 12th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.10.
In related news, CFO Daniel L. Comas sold 96,446 shares of Danaher Corp. stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the completion of the sale, the chief financial officer now directly owns 215,716 shares of the company’s stock, valued at approximately $17,447,110.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of Danaher Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $81.44, for a total value of $3,737,851.68. Following the sale, the insider now directly owns 179,054 shares of the company’s stock, valued at $14,582,157.76. The disclosure for this sale can be found here. 12.60% of the stock is 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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