Flinton Capital Management LLC cut its stake in shares of Danaher Co. (NYSE:DHR) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 521,152 shares of the conglomerate’s stock after selling 986 shares during the period. Danaher accounts for about 1.7% of Flinton Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Flinton Capital Management LLC owned 0.07% of Danaher worth $51,026,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in Danaher by 5.0% during the first quarter. Franklin Resources Inc. now owns 2,851,517 shares of the conglomerate’s stock valued at $279,220,000 after purchasing an additional 135,292 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Danaher by 3.2% during the first quarter. First Republic Investment Management Inc. now owns 561,191 shares of the conglomerate’s stock valued at $54,946,000 after purchasing an additional 17,408 shares during the last quarter. Natixis Advisors L.P. boosted its position in Danaher by 8.9% during the first quarter. Natixis Advisors L.P. now owns 180,814 shares of the conglomerate’s stock valued at $17,703,000 after purchasing an additional 14,744 shares during the last quarter. WBI Investments Inc. acquired a new position in Danaher during the first quarter valued at approximately $4,680,000. Finally, Wagner Wealth Management LLC boosted its position in Danaher by 153.5% during the first quarter. Wagner Wealth Management LLC now owns 1,800 shares of the conglomerate’s stock valued at $176,000 after purchasing an additional 1,090 shares during the last quarter. 76.66% of the stock is owned by hedge funds and other institutional investors.
In other Danaher news, CFO Daniel L. Comas sold 78,379 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $101.67, for a total transaction of $7,968,792.93. Following the transaction, the chief financial officer now owns 148,769 shares in the company, valued at approximately $15,125,344.23. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 120,354 shares of the firm’s stock in a transaction on 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 owns 151,959 shares in the company, valued at approximately $15,373,692.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,499 shares of company stock valued at $25,987,197. 11.90% of the stock is currently owned by insiders.
NYSE:DHR opened at $102.13 on Friday. The company has a market cap of $71.46 billion, a P/E ratio of 24.53, a PEG ratio of 1.92 and a beta of 1.03. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 0.38. Danaher Co. has a 1-year low of $78.97 and a 1-year high of $104.82.
Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, April 19th. The conglomerate reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Danaher had a return on equity of 11.39% and a net margin of 13.56%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. equities research analysts forecast that Danaher Co. will post 4.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, June 29th will be issued 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 yield of 0.63%. Danaher’s payout ratio is currently 15.88%.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut Danaher from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group raised their price objective on Danaher from $99.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Stifel Nicolaus raised their price objective on Danaher from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley raised their price objective on Danaher from $103.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Barclays reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Danaher in a research report on Friday, April 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Danaher has an average rating of “Buy” and a consensus price target of $105.56.
Danaher Company Profile
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.
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