Danaher Corporation (NYSE:DHR) Position Held by Wagner Bowman Management Corp
Wagner Bowman Management Corp continued to hold its stake in shares of Danaher Corporation (NYSE:DHR) during the second quarter, Holdings Channel reports. The fund owned 4,985 shares of the conglomerate’s stock at the end of the second quarter. Wagner Bowman Management Corp’s holdings in Danaher Corporation were worth $420,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of DHR. BlackRock Inc. raised its stake in shares of Danaher Corporation by 2,530.9% in the first quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock valued at $3,247,398,000 after buying an additional 36,524,795 shares during the period. Vanguard Group Inc. raised its stake in shares of Danaher Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock valued at $3,503,962,000 after buying an additional 1,530,015 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of Danaher Corporation during the first quarter valued at about $116,462,000. Marshall Wace North America L.P. bought a new stake in shares of Danaher Corporation during the first quarter valued at about $116,462,000. Finally, Parnassus Investments CA raised its stake in shares of Danaher Corporation by 15.3% in the first quarter. Parnassus Investments CA now owns 8,622,528 shares of the conglomerate’s stock valued at $712,738,000 after buying an additional 1,143,284 shares during the period. Hedge funds and other institutional investors own 76.56% of the company’s stock.
Shares of Danaher Corporation (DHR) traded up 0.82% during trading on Friday, hitting $79.94. The stock had a trading volume of 1,225,874 shares. The company has a market cap of $55.53 billion, a P/E ratio of 25.52 and a beta of 1.03. Danaher Corporation has a one year low of $75.71 and a one year high of $88.01. The stock’s 50-day moving average price is $83.07 and its 200-day moving average price is $84.21.
Danaher Corporation (NYSE:DHR) last posted its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Danaher Corporation will post $3.95 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/danaher-corporation-nysedhr-position-held-by-wagner-bowman-management-corp/1474794.html.
Several analysts recently issued reports on DHR shares. Janney Montgomery Scott lowered shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub lowered shares of Danaher Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Cowen and Company restated an “outperform” rating and issued a $90.00 price objective on shares of Danaher Corporation in a report on Sunday, April 23rd. Wells Fargo & Company restated a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Finally, William Blair restated an “outperform” rating on shares of Danaher Corporation in a report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $91.76.
In other news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.78, for a total value of $799,154.16. Following the completion of the sale, the insider now owns 155,520 shares in the company, valued at $12,718,425.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William King sold 7,458 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $82.97, for a total value of $618,790.26. Following the completion of the sale, the insider now owns 18,245 shares of the company’s stock, valued at approximately $1,513,787.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,623 shares of company stock valued at $3,206,426. Insiders own 12.20% of the company’s stock.
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.
Want to see what other hedge funds are holding DHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Danaher Corporation (NYSE:DHR).
Receive News & Ratings for Danaher Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.