Danaher Corporation (NYSE:DHR) Shares Sold by Northstar Asset Management LLC
Northstar Asset Management LLC cut its position in Danaher Corporation (NYSE:DHR) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,943 shares of the conglomerate’s stock after selling 200 shares during the period. Danaher Corporation makes up approximately 2.2% of Northstar Asset Management LLC’s portfolio, making the stock its 10th largest position. Northstar Asset Management LLC’s holdings in Danaher Corporation were worth $4,890,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in DHR. Eastern Bank boosted its stake in Danaher Corporation by 3.1% in the first quarter. Eastern Bank now owns 2,915 shares of the conglomerate’s stock worth $249,000 after buying an additional 87 shares in the last quarter. BLB&B Advisors LLC boosted its stake in Danaher Corporation by 2.2% in the first quarter. BLB&B Advisors LLC now owns 23,293 shares of the conglomerate’s stock worth $1,992,000 after buying an additional 500 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Danaher Corporation during the first quarter worth $304,000. Alpha Windward LLC boosted its stake in Danaher Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 2,605 shares of the conglomerate’s stock worth $223,000 after buying an additional 21 shares in the last quarter. Finally, Inverness Counsel LLC NY purchased a new stake in Danaher Corporation during the first quarter worth $418,000. Institutional investors and hedge funds own 76.56% of the company’s stock.
Shares of Danaher Corporation (NYSE:DHR) traded down 1.16% on Thursday, hitting $79.30. The company’s stock had a trading volume of 1,535,648 shares. The stock’s 50 day moving average is $83.27 and its 200-day moving average is $84.25. Danaher Corporation has a 52 week low of $75.71 and a 52 week high of $88.01. The company has a market cap of $55.09 billion, a price-to-earnings ratio of 25.31 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share 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 firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the company posted $0.90 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Danaher Corporation will post $3.95 earnings per share for the current year.
A number of research firms recently weighed in on DHR. Janney Montgomery Scott cut Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub upgraded Danaher Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and issued a $97.00 price target on shares of Danaher Corporation in a report on Wednesday, June 21st. Zacks Investment Research cut Danaher Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Finally, Credit Suisse Group restated a “buy” rating and issued a $93.00 price target on shares of Danaher Corporation in a report on Wednesday, May 24th. 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $91.76.
In other Danaher Corporation news, SVP Angela S. Lalor sold 10,815 shares of Danaher Corporation stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total transaction of $910,190.40. Following the transaction, the senior vice president now directly owns 39,020 shares in the company, valued at approximately $3,283,923.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda P. Hefner sold 10,578 shares of Danaher Corporation stock in a transaction that occurred 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 owns 42,151 shares in the company, valued at $3,499,797.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,623 shares of company stock worth $3,206,426. Corporate 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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