Granite Investment Advisors LLC Acquires Shares of 25,958 Danaher Co. (DHR)
Granite Investment Advisors LLC acquired a new stake in Danaher Co. (NYSE:DHR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,958 shares of the conglomerate’s stock, valued at approximately $2,409,000.
Several other hedge funds also recently modified their holdings of DHR. Point72 Asset Management L.P. raised its stake in shares of Danaher by 276.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,626,865 shares of the conglomerate’s stock valued at $225,332,000 after acquiring an additional 1,929,751 shares in the last quarter. BlackRock Inc. increased its position in Danaher by 4.6% in the 4th quarter. BlackRock Inc. now owns 40,984,366 shares of the conglomerate’s stock worth $3,804,169,000 after buying an additional 1,789,474 shares during the period. Findlay Park Partners LLP increased its position in Danaher by 52.9% in the 3rd quarter. Findlay Park Partners LLP now owns 4,117,348 shares of the conglomerate’s stock worth $353,186,000 after buying an additional 1,425,000 shares during the period. Koch Industries Inc. increased its position in Danaher by 29,127.3% in the 2nd quarter. Koch Industries Inc. now owns 1,404,665 shares of the conglomerate’s stock worth $1,388,000 after buying an additional 1,399,859 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Danaher by 86.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,011,947 shares of the conglomerate’s stock worth $256,136,000 after buying an additional 1,393,165 shares during the period. 76.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Danaher Co. (NYSE DHR) opened at $96.22 on Monday. Danaher Co. has a fifty-two week low of $78.97 and a fifty-two week high of $104.82. The firm has a market capitalization of $67,120.13, a P/E ratio of 23.88, a PEG ratio of 2.03 and a beta of 1.03. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Danaher’s previous quarterly dividend of $0.14. Danaher’s dividend payout ratio (DPR) is presently 15.86%.
DHR has been the topic of several recent analyst reports. Citigroup lifted their price target on Danaher to $107.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Robert W. Baird reaffirmed a “buy” rating on shares of Danaher in a research report on Friday, January 12th. Barclays initiated coverage on Danaher in a research report on Thursday, February 15th. They issued an “overweight” rating and a $110.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $96.00 price target on shares of Danaher in a research report on Thursday, January 4th. Finally, Stifel Nicolaus lifted their price target on Danaher from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Danaher currently has an average rating of “Buy” and a consensus price target of $101.23.
In related news, SVP Angela S. Lalor sold 42,988 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $102.29, for a total value of $4,397,242.52. Following the sale, the senior vice president now owns 82,008 shares of the company’s stock, valued at approximately $8,388,598.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rainer Blair sold 51,080 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $97.26, for a total value of $4,968,040.80. Following the completion of the sale, the insider now directly owns 50,477 shares in the company, valued at approximately $4,909,393.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,260 shares of company stock worth $31,657,786. 12.20% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/granite-investment-advisors-llc-acquires-shares-of-25958-danaher-co-dhr/1909790.html.
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 Co. (NYSE:DHR).
Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.