Cadinha & Co. LLC Decreases Holdings in Danaher Co. (DHR)

Cadinha & Co. LLC decreased its position in Danaher Co. (NYSE:DHR) by 84.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,044 shares of the conglomerate’s stock after selling 184,026 shares during the quarter. Danaher makes up 0.7% of Cadinha & Co. LLC’s portfolio, making the stock its 29th biggest position. Cadinha & Co. LLC’s holdings in Danaher were worth $3,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Danaher by 6.2% during the first quarter. BlackRock Inc. now owns 43,526,564 shares of the conglomerate’s stock valued at $4,261,685,000 after acquiring an additional 2,542,198 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Danaher by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,263,971 shares of the conglomerate’s stock valued at $580,150,000 after acquiring an additional 167,442 shares in the last quarter. Aristotle Capital Management LLC increased its holdings in shares of Danaher by 5.4% during the fourth quarter. Aristotle Capital Management LLC now owns 4,301,473 shares of the conglomerate’s stock valued at $399,263,000 after acquiring an additional 222,067 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Danaher by 81.6% during the fourth quarter. American Century Companies Inc. now owns 2,832,466 shares of the conglomerate’s stock valued at $262,909,000 after acquiring an additional 1,272,440 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Danaher by 0.7% during the fourth quarter. Swiss National Bank now owns 2,688,044 shares of the conglomerate’s stock valued at $249,504,000 after acquiring an additional 17,500 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

Several brokerages have recently weighed in on DHR. Zacks Investment Research upgraded Danaher from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, May 17th. Barclays restated a “buy” rating and set a $113.00 price target on shares of Danaher in a report on Friday, April 20th. Morgan Stanley raised their price target on Danaher from $112.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, April 20th. Jefferies Group restated a “buy” rating and set a $117.00 price target on shares of Danaher in a report on Friday, April 20th. Finally, Robert W. Baird restated a “buy” rating and set a $106.00 price target on shares of Danaher in a report on Friday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $105.56.

Danaher opened at $101.41 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.59. Danaher Co. has a one year low of $78.97 and a one year high of $104.82. The firm has a market cap of $70.73 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03.

Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, April 19th. The conglomerate reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. Danaher had a return on equity of 11.39% and a net margin of 13.56%. The company had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the firm posted $0.85 earnings per share. Danaher’s revenue was up 11.6% compared to the same quarter last year. equities analysts anticipate that Danaher Co. will post 4.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. Danaher’s dividend payout ratio (DPR) is presently 15.88%.

In other Danaher news, insider Thomas Patrick Joyce, Jr. sold 120,354 shares of the firm’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $101.17, for a total value of $12,176,214.18. Following the transaction, the insider now directly owns 151,959 shares of the company’s stock, valued at $15,373,692.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rainer Blair sold 3,981 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $100.05, for a total value of $398,299.05. Following the completion of the transaction, the insider now directly owns 49,751 shares in the company, valued at $4,977,587.55. The disclosure for this sale can be found here. Insiders have sold 267,077 shares of company stock worth $27,022,784 over the last ninety days. 11.90% of the stock is currently owned by insiders.

About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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