Teachers Retirement System of The State of Kentucky increased its position in Danaher Corporation (NYSE:DHR) by 86.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 138,087 shares of the conglomerate’s stock after buying an additional 64,061 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Danaher Corporation were worth $11,811,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its position in Danaher Corporation by 6.2% in the first quarter. Farmers & Merchants Investments Inc. now owns 68,985 shares of the conglomerate’s stock worth $5,900,000 after buying an additional 4,000 shares during the period. Howland Capital Management LLC boosted its position in Danaher Corporation by 0.4% in the first quarter. Howland Capital Management LLC now owns 247,448 shares of the conglomerate’s stock worth $21,164,000 after buying an additional 932 shares during the period. First United Bank Trust boosted its position in Danaher Corporation by 2.9% in the first quarter. First United Bank Trust now owns 25,285 shares of the conglomerate’s stock worth $2,163,000 after buying an additional 715 shares during the period. OLD Second National Bank of Aurora boosted its position in Danaher Corporation by 50.1% in the first quarter. OLD Second National Bank of Aurora now owns 24,861 shares of the conglomerate’s stock worth $2,127,000 after buying an additional 8,301 shares during the period. Finally, Regent Investment Management LLC boosted its position in Danaher Corporation by 198.5% in the first quarter. Regent Investment Management LLC now owns 21,322 shares of the conglomerate’s stock worth $1,824,000 after buying an additional 14,179 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Danaher Corporation (NYSE:DHR) traded up 0.11% during midday trading on Tuesday, reaching $80.69. 489,728 shares of the company’s stock traded hands. The firm’s 50-day moving average is $82.75 and its 200 day moving average is $84.26. The firm has a market cap of $56.05 billion, a PE ratio of 25.75 and a beta of 1.03. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01.

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

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A number of equities analysts have recently issued reports on the stock. Janney Montgomery Scott cut shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub raised shares of Danaher Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Deutsche Bank AG reissued a “buy” rating and set a $97.00 price objective on shares of Danaher Corporation in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Finally, Credit Suisse Group reissued a “buy” rating and set a $93.00 price objective on shares of Danaher Corporation in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.76.

In related news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.78, for a total transaction of $799,154.16. Following the sale, the insider now owns 155,520 shares of the company’s stock, valued at $12,718,425.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Angela S. Lalor sold 10,815 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $84.16, for a total transaction of $910,190.40. Following the sale, the senior vice president now directly owns 39,020 shares in the company, valued at approximately $3,283,923.20. The disclosure for this sale can be found here. Insiders have sold 38,623 shares of company stock worth $3,206,426 in the last three months. 12.20% of the stock is currently owned by insiders.

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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