NBW Capital LLC cut its stake in shares of Danaher Corporation (NYSE:DHR) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,756 shares of the conglomerate’s stock after selling 1,032 shares during the quarter. Danaher Corporation makes up about 1.9% of NBW Capital LLC’s portfolio, making the stock its 25th largest position. NBW Capital LLC’s holdings in Danaher Corporation were worth $6,899,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of DHR. Waldron LP bought a new position in Danaher Corporation during the first quarter worth $320,000. Ingalls & Snyder LLC acquired a new position in Danaher Corporation during the first quarter worth $301,000. Northwestern Mutual Investment Management Company LLC raised its holdings in Danaher Corporation by 76.4% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 123,325 shares of the conglomerate’s stock worth $10,548,000 after buying an additional 53,430 shares during the last quarter. Goodman Financial Corp raised its holdings in Danaher Corporation by 2.8% during the first quarter. Goodman Financial Corp now owns 66,140 shares of the conglomerate’s stock worth $5,657,000 after buying an additional 1,785 shares during the last quarter. Finally, Brown Capital Management LLC raised its holdings in Danaher Corporation by 0.8% during the first quarter. Brown Capital Management LLC now owns 3,946 shares of the conglomerate’s stock worth $338,000 after buying an additional 32 shares during the last quarter. 75.49% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on DHR shares. Jefferies Group LLC restated a “buy” rating and set a $95.00 price objective on shares of Danaher Corporation in a report on Friday, August 4th. Citigroup Inc. set a $96.00 price objective on shares of Danaher Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $90.00 price objective on shares of Danaher Corporation in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $88.00 price objective on shares of Danaher Corporation in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.31.
Danaher Corporation (NYSE:DHR) last announced its quarterly earnings results on Thursday, October 19th. The conglomerate reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Danaher Corporation had a net margin of 13.36% and a return on equity of 11.29%. Danaher Corporation’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 28th. Danaher Corporation’s payout ratio is 16.52%.
In related news, insider William King sold 43,688 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $82.86, for a total value of $3,619,987.68. Following the transaction, the insider now owns 45,748 shares in the company, valued at approximately $3,790,679.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donald J. Ehrlich sold 10,578 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.82, for a total transaction of $960,693.96. Following the completion of the transaction, the director now owns 104,621 shares in the company, valued at approximately $9,501,679.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,639 shares of company stock worth $13,632,773. 12.20% of the stock is currently owned by company insiders.
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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