TLP Group LLC acquired a new stake in Danaher Corporation (NYSE:DHR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,473 shares of the conglomerate’s stock, valued at approximately $383,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DHR. Peddock Capital Advisors LLC raised its position in shares of Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after buying an additional 181 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Danaher Corporation during the first quarter valued at $157,000. Motco raised its position in shares of Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock valued at $158,000 after buying an additional 390 shares in the last quarter. Baystate Wealth Management LLC raised its position in shares of Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock valued at $163,000 after buying an additional 60 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Danaher Corporation by 22.1% in the first quarter. Integrated Investment Consultants LLC now owns 2,168 shares of the conglomerate’s stock valued at $185,000 after buying an additional 393 shares in the last quarter. 76.56% of the stock is owned by institutional investors.
Shares of Danaher Corporation (NYSE:DHR) opened at 79.82 on Friday. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The company has a market capitalization of $55.45 billion, a P/E ratio of 25.48 and a beta of 1.03. The company has a 50-day moving average of $82.89 and a 200 day moving average of $84.21.
Danaher Corporation (NYSE:DHR) last posted its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts forecast that Danaher Corporation will post $3.95 EPS for the current year.
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Several research analysts have weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price objective on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub lowered shares of Danaher Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Wells Fargo & Company assumed coverage on shares of Danaher Corporation in a report on Thursday, July 13th. They set a “market perform” rating and a $90.00 price objective for the company. Zacks Investment Research lowered shares of Danaher Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $92.00 price target on shares of Danaher Corporation in a report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Danaher Corporation presently has an average rating of “Buy” and a consensus price target of $91.76.
In other Danaher Corporation news, insider William King sold 7,458 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the sale, the insider now owns 18,245 shares of the company’s stock, valued at approximately $1,513,787.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.78, for a total transaction of $799,154.16. Following the sale, the insider now directly owns 155,520 shares in the company, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,623 shares of company stock worth $3,206,426. 12.20% of the stock is owned by insiders.
Danaher Corporation Company Profile
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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