Danaher Corp. (DHR) Position Increased by BlackRock Advisors LLC
BlackRock Advisors LLC raised its stake in shares of Danaher Corp. (NYSE:DHR) by 54.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 502,671 shares of the company’s stock after buying an additional 176,156 shares during the period. BlackRock Advisors LLC owned about 0.07% of Danaher Corp. worth $50,770,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Global X Management Co. LLC raised its position in shares of Danaher Corp. by 83.4% in the second quarter. Global X Management Co. LLC now owns 1,080 shares of the company’s stock valued at $109,000 after buying an additional 491 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock worth $130,000 after buying an additional 170 shares during the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of Danaher Corp. during the second quarter worth about $132,000. Monetary Management Group Inc. raised its stake in shares of Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock worth $133,000 after buying an additional 1,100 shares during the last quarter. Finally, Motco raised its stake in shares of Danaher Corp. by 6.8% in the second quarter. Motco now owns 1,585 shares of the company’s stock worth $160,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
Shares of Danaher Corp. (NYSE:DHR) opened at 76.81 on Tuesday. Danaher Corp. has a 12-month low of $61.60 and a 12-month high of $82.64. The stock has a market capitalization of $53.04 billion, a price-to-earnings ratio of 15.28 and a beta of 1.13. The firm has a 50-day moving average of $80.14 and a 200 day moving average of $75.92.
Danaher Corp. (NYSE:DHR) last released its quarterly earnings data on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.03. The business earned $5.80 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. Equities analysts forecast that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. Danaher Corp.’s dividend payout ratio (DPR) is currently 12.72%.
A number of analysts recently issued reports on the company. Goldman Sachs Group Inc. assumed coverage on Danaher Corp. in a report on Tuesday, July 5th. They issued a “neutral” rating and a $74.00 price target for the company. Sanford C. Bernstein upgraded Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $105.00 price target on shares of Danaher Corp. in a report on Thursday, June 30th. Citigroup Inc. boosted their price target on Danaher Corp. from $102.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, June 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of Danaher Corp. from $96.00 to $99.00 and gave the stock a “sector perform” rating in a research note on Friday, May 27th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $95.22.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of Danaher Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the completion of the sale, the insider now directly owns 179,054 shares of the company’s stock, valued at approximately $14,582,157.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel L. Comas sold 96,446 shares of Danaher Corp. stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the sale, the chief financial officer now directly owns 215,716 shares of the company’s stock, valued at $17,447,110.08. The disclosure for this sale can be found here. Insiders own 12.60% of the company’s stock.
Danaher Corp. Company Profile
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.
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