Two Sigma Securities LLC purchased a new stake in shares of Danaher Corporation (NYSE:DHR) during the first quarter, Holdings Channel reports. The fund purchased 7,143 shares of the conglomerate’s stock, valued at approximately $611,000.

A number of other institutional investors have also made changes to their positions in the stock. Peddock Capital Advisors LLC boosted its position in shares of Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after buying an additional 181 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Danaher Corporation during the first quarter valued at about $157,000. Motco boosted its position in shares of Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock valued at $158,000 after buying an additional 390 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock valued at $163,000 after buying an additional 60 shares during the period. Finally, Cedar Wealth Management LLC boosted its position in shares of Danaher Corporation by 5.3% in the first quarter. Cedar Wealth Management LLC now owns 2,286 shares of the conglomerate’s stock valued at $196,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 76.56% of the company’s stock.

Danaher Corporation (DHR) traded down 1.20% during midday trading on Thursday, reaching $79.27. 956,325 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $83.27 and a 200 day moving average price of $84.25. The company has a market cap of $55.07 billion, a price-to-earnings ratio of 25.30 and a beta of 1.03. Danaher Corporation has a 12-month low of $75.71 and a 12-month high of $88.01.

Danaher Corporation (NYSE:DHR) last issued its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. On average, analysts expect that Danaher Corporation will post $3.95 EPS for the current fiscal year.

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Several equities analysts have issued reports on the stock. Jefferies Group LLC restated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a research report on Friday, August 4th. BidaskClub cut shares of Danaher Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Wells Fargo & Company assumed coverage on shares of Danaher Corporation in a research report on Thursday, July 13th. They issued a “market perform” rating and a $90.00 price target for the company. Zacks Investment Research cut shares of Danaher Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BTIG Research restated a “buy” rating and issued a $92.00 price target on shares of Danaher Corporation in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Danaher Corporation has a consensus rating of “Buy” and a consensus target price of $91.76.

In other Danaher Corporation news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.78, for a total transaction of $799,154.16. Following the transaction, the insider now directly owns 155,520 shares of the company’s stock, valued at approximately $12,718,425.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linda P. Hefner sold 10,578 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $83.03, for a total transaction of $878,291.34. Following the transaction, the director now directly owns 42,151 shares in the company, valued at $3,499,797.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,623 shares of company stock worth $3,206,426. Insiders own 12.20% of the company’s stock.

Danaher Corporation 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 Corporation (NYSE:DHR)

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