Danaher Corporation (NYSE:DHR) Shares Sold by Nomura Holdings Inc.
Nomura Holdings Inc. cut its stake in shares of Danaher Corporation (NYSE:DHR) by 89.1% during the first quarter, Holdings Channel reports. The firm owned 5,214 shares of the conglomerate’s stock after selling 42,489 shares during the period. Nomura Holdings Inc.’s holdings in Danaher Corporation were worth $447,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 worth $3,247,398,000 after buying an additional 36,524,795 shares in the last quarter. 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 worth $3,503,962,000 after buying an additional 1,530,015 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Danaher Corporation during the first quarter worth approximately $116,462,000. Marshall Wace North America L.P. acquired a new stake in shares of Danaher Corporation during the first quarter worth approximately $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 worth $712,738,000 after buying an additional 1,143,284 shares in the last quarter. Institutional investors own 76.56% of the company’s stock.
Danaher Corporation (NYSE:DHR) traded up 0.88% during mid-day trading on Friday, reaching $79.99. 929,441 shares of the company’s stock traded hands. The stock has a market cap of $55.57 billion, a P/E ratio of 25.53 and a beta of 1.03. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The company has a 50 day moving average price of $83.07 and a 200-day moving average price of $84.21.
Danaher Corporation (NYSE:DHR) last issued its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the business earned $0.90 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
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DHR has been the topic of a number of research reports. Vetr raised shares of Danaher Corporation from a “buy” rating to a “strong-buy” rating and set a $94.18 price objective on the stock in a research report on Thursday, April 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $88.00 price objective (down previously from $89.00) on shares of Danaher Corporation in a research report on Friday, April 21st. Zacks Investment Research lowered shares of Danaher Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. BTIG Research reissued a “buy” rating and issued a $92.00 price objective on shares of Danaher Corporation in a research report on Sunday, April 23rd. Finally, Cowen and Company reissued an “outperform” rating and issued a $90.00 price objective on shares of Danaher Corporation in a research report on Sunday, April 23rd. 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 given a strong buy rating to the company’s stock. Danaher Corporation presently has an average rating of “Buy” and a consensus price target of $91.76.
In other Danaher Corporation news, Director Linda P. Hefner sold 10,578 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was 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 approximately $3,499,797.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $618,790.26. Following the transaction, the insider now owns 18,245 shares in the company, valued at $1,513,787.65. 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. Company 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.
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