Jaffetilchin Investment Partners LLC Buys Shares of 5,240 Danaher Co. (DHR)

Jaffetilchin Investment Partners LLC bought a new stake in shares of Danaher Co. (NYSE:DHR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,240 shares of the conglomerate’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JLB & Associates Inc. purchased a new stake in Danaher in the 2nd quarter worth about $1,874,000. First Bank & Trust raised its position in Danaher by 3.1% in the 2nd quarter. First Bank & Trust now owns 7,846 shares of the conglomerate’s stock worth $662,000 after purchasing an additional 234 shares during the period. Beach Investment Management LLC. raised its position in Danaher by 1,013.8% in the 2nd quarter. Beach Investment Management LLC. now owns 53,460 shares of the conglomerate’s stock worth $4,511,000 after purchasing an additional 48,660 shares during the period. Cullen Frost Bankers Inc. raised its position in Danaher by 1.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 146,377 shares of the conglomerate’s stock worth $12,353,000 after purchasing an additional 1,716 shares during the period. Finally, Honeywell International Inc. purchased a new stake in Danaher in the 2nd quarter worth about $25,317,000. Hedge funds and other institutional investors own 76.05% of the company’s stock.

Danaher Co. (DHR) opened at $98.59 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.43 and a quick ratio of 1.00. The company has a market cap of $68,580.00, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. Danaher Co. has a one year low of $78.97 and a one year high of $98.88.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, October 19th. The conglomerate reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.47 billion. Danaher had a net margin of 13.36% and a return on equity of 11.29%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. sell-side analysts anticipate that Danaher Co. will post 3.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. Danaher’s dividend payout ratio is currently 16.67%.

In other news, Director Donald J. Ehrlich sold 10,578 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $90.82, for a total transaction of $960,693.96. Following the transaction, the director now directly owns 104,621 shares in the company, valued at $9,501,679.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel Raskas sold 37,870 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $93.33, for a total transaction of $3,534,407.10. The disclosure for this sale can be found here. Insiders sold a total of 273,810 shares of company stock worth $25,218,813 over the last 90 days. Insiders own 12.20% of the company’s stock.

A number of research firms recently weighed in on DHR. Robert W. Baird reissued a “buy” rating on shares of Danaher in a research report on Friday. Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 price objective on shares of Danaher in a research report on Tuesday, September 26th. Evercore ISI began coverage on shares of Danaher in a research report on Wednesday, January 3rd. They issued an “outperform” rating on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $96.00 price objective on shares of Danaher in a research report on Thursday, January 4th. Finally, Zacks Investment Research lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $94.91.

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Danaher 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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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