Fiduciary Trust Co. raised its stake in shares of Danaher Co. (NYSE:DHR) by 14.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,340 shares of the conglomerate’s stock after acquiring an additional 2,873 shares during the quarter. Fiduciary Trust Co.’s holdings in Danaher were worth $2,205,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Capital Group LLC lifted its holdings in shares of Danaher by 445.0% during the first quarter. Private Capital Group LLC now owns 1,744 shares of the conglomerate’s stock valued at $171,000 after acquiring an additional 1,424 shares during the period. Pratt Collard Advisory Partners LLC lifted its holdings in shares of Danaher by 3.8% during the second quarter. Pratt Collard Advisory Partners LLC now owns 17,586 shares of the conglomerate’s stock valued at $1,735,000 after acquiring an additional 650 shares during the period. Evermay Wealth Management LLC lifted its holdings in shares of Danaher by 42.3% during the first quarter. Evermay Wealth Management LLC now owns 18,319 shares of the conglomerate’s stock valued at $1,794,000 after acquiring an additional 5,445 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in shares of Danaher by 78.7% during the first quarter. Douglass Winthrop Advisors LLC now owns 40,577 shares of the conglomerate’s stock valued at $3,973,000 after acquiring an additional 17,871 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Danaher by 10.0% during the first quarter. Sei Investments Co. now owns 328,337 shares of the conglomerate’s stock valued at $32,147,000 after acquiring an additional 29,821 shares during the period. 76.51% of the stock is owned by institutional investors.

Shares of NYSE:DHR opened at $101.71 on Friday. Danaher Co. has a twelve month low of $78.97 and a twelve month high of $106.08. The firm has a market capitalization of $71.56 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.50 and a quick ratio of 1.07.

Danaher (NYSE:DHR) last announced its earnings results on Thursday, July 19th. The conglomerate reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.06. Danaher had a return on equity of 11.55% and a net margin of 13.84%. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. equities analysts anticipate that Danaher Co. will post 4.49 earnings per share for the current year.

A number of brokerages have issued reports on DHR. Bank of America set a $113.00 price objective on Danaher and gave the company a “buy” rating in a report on Thursday, July 19th. Royal Bank of Canada lifted their price objective on Danaher to $107.00 and gave the company a “positive” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Danaher from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Friday, July 20th. Zacks Investment Research lowered Danaher from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $117.00 target price on shares of Danaher in a research note on Friday, April 20th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Danaher currently has a consensus rating of “Buy” and an average price target of $108.31.

In related news, insider Thomas Patrick Joyce, Jr. sold 104,913 shares of Danaher stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $101.88, for a total value of $10,688,536.44. Following the completion of the sale, the insider now directly owns 276,438 shares in the company, valued at $28,163,503.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert S. Lutz sold 14,555 shares of Danaher stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $103.93, for a total value of $1,512,701.15. Following the completion of the sale, the senior vice president now owns 18,044 shares of the company’s stock, valued at $1,875,312.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,875 shares of company stock valued at $20,246,147. 11.90% of the stock is currently owned by corporate insiders.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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