Danaher Corporation (NYSE:DHR) Position Boosted by BSW Wealth Partners
BSW Wealth Partners raised its position in shares of Danaher Corporation (NYSE:DHR) by 0.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,807 shares of the conglomerate’s stock after buying an additional 6 shares during the period. BSW Wealth Partners’ holdings in Danaher Corporation were worth $326,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Danaher Corporation by 13.7% in the first quarter. Bank of Montreal Can now owns 559,878 shares of the conglomerate’s stock valued at $47,887,000 after buying an additional 67,349 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Danaher Corporation by 0.3% in the first quarter. Private Trust Co. NA now owns 19,081 shares of the conglomerate’s stock valued at $1,632,000 after buying an additional 49 shares during the last quarter. Lathrop Investment Management Corp purchased a new stake in shares of Danaher Corporation during the first quarter valued at approximately $216,000. Inverness Counsel LLC NY purchased a new stake in shares of Danaher Corporation during the first quarter valued at approximately $418,000. Finally, Alpha Windward LLC boosted its stake in shares of Danaher Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 2,605 shares of the conglomerate’s stock valued at $223,000 after buying an additional 21 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.
Danaher Corporation (DHR) traded up 0.76% during trading on Monday, reaching $80.43. 710,929 shares of the company’s stock traded hands. The firm’s 50 day moving average is $82.89 and its 200 day moving average is $84.21. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The company has a market cap of $55.87 billion, a P/E ratio of 25.67 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last posted its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
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DHR has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $97.00 price target on shares of Danaher Corporation in a report on Wednesday, June 21st. Credit Suisse Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of Danaher Corporation in a report on Wednesday, May 24th. BTIG Research reaffirmed a “buy” rating and issued a $92.00 price target on shares of Danaher Corporation in a report on Sunday, April 23rd. Citigroup Inc. set a $96.00 price target on Danaher Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Zacks Investment Research raised Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $91.76.
In related news, insider William King sold 7,458 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the sale, the insider now directly owns 18,245 shares in the company, valued at $1,513,787.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was 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 in the company, valued at $12,718,425.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,623 shares of company stock worth $3,206,426. 12.20% of the stock is currently owned by company insiders.
About Danaher Corporation
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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