Canada Pension Plan Investment Board Acquires 183,800 Shares of Danaher Corporation (DHR)
Canada Pension Plan Investment Board increased its position in Danaher Corporation (NYSE:DHR) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 840,267 shares of the conglomerate’s stock after purchasing an additional 183,800 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.12% of Danaher Corporation worth $72,078,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of DHR. BlackRock Inc. raised its holdings in shares of Danaher Corporation by 2,530.9% in the 1st quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock valued at $3,247,398,000 after purchasing an additional 36,524,795 shares during the period. Flossbach Von Storch AG raised its holdings in shares of Danaher Corporation by 44.7% in the 2nd quarter. Flossbach Von Storch AG now owns 5,782,019 shares of the conglomerate’s stock valued at $487,945,000 after purchasing an additional 1,785,810 shares during the period. Vanguard Group Inc. raised its holdings in shares of Danaher Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock valued at $3,503,962,000 after purchasing an additional 1,530,015 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Danaher Corporation by 16,410.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,485,901 shares of the conglomerate’s stock valued at $125,395,000 after purchasing an additional 1,476,901 shares during the period. Finally, Koch Industries Inc. raised its holdings in shares of Danaher Corporation by 29,127.3% in the 2nd quarter. Koch Industries Inc. now owns 1,404,665 shares of the conglomerate’s stock valued at $1,388,000 after purchasing an additional 1,399,859 shares during the period. 75.38% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on DHR shares. Citigroup Inc. set a $96.00 target price on shares of Danaher Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. BidaskClub cut shares of Danaher Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Danaher Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Danaher Corporation in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $93.31.
Danaher Corporation (NYSE DHR) opened at $93.30 on Friday. Danaher Corporation has a fifty-two week low of $76.27 and a fifty-two week high of $93.86. The company has a market cap of $65,090.00, a P/E ratio of 23.96, a PEG ratio of 2.22 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.42.
Danaher Corporation (NYSE:DHR) last announced its earnings results on Thursday, October 19th. The conglomerate reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.05. Danaher Corporation had a net margin of 13.36% and a return on equity of 11.29%. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. research analysts predict that Danaher Corporation will post 3.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.60%. Danaher Corporation’s dividend payout ratio is presently 16.67%.
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In other news, insider William King sold 43,688 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $82.86, for a total transaction of $3,619,987.68. Following the transaction, the insider now directly owns 45,748 shares of the company’s stock, valued at $3,790,679.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald J. Ehrlich sold 10,578 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 317,498 shares of company stock worth $28,838,801 over the last ninety days. 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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