Janus Henderson Group PLC Purchases 10,219 Shares of Danaher Co. (DHR)
Janus Henderson Group PLC lifted its position in shares of Danaher Co. (NYSE:DHR) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,353 shares of the conglomerate’s stock after purchasing an additional 10,219 shares during the period. Janus Henderson Group PLC’s holdings in Danaher were worth $24,593,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of Danaher by 2.4% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 71,651 shares of the conglomerate’s stock worth $7,786,000 after purchasing an additional 1,651 shares in the last quarter. Mitchell Capital Management Co. raised its holdings in Danaher by 31.6% in the second quarter. Mitchell Capital Management Co. now owns 7,962 shares of the conglomerate’s stock valued at $786,000 after acquiring an additional 1,914 shares in the last quarter. Private Wealth Partners LLC raised its holdings in Danaher by 14.3% in the second quarter. Private Wealth Partners LLC now owns 95,800 shares of the conglomerate’s stock valued at $9,454,000 after acquiring an additional 11,961 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Danaher by 20.3% in the second quarter. Centaurus Financial Inc. now owns 3,026 shares of the conglomerate’s stock valued at $299,000 after acquiring an additional 510 shares in the last quarter. Finally, Bainco International Investors raised its holdings in Danaher by 2.6% in the third quarter. Bainco International Investors now owns 66,878 shares of the conglomerate’s stock valued at $7,267,000 after acquiring an additional 1,725 shares in the last quarter. 77.13% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Daniel L. Comas sold 36,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $103.88, for a total value of $3,739,680.00. Following the completion of the transaction, the chief financial officer now owns 124,218 shares in the company, valued at approximately $12,903,765.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald J. Ehrlich sold 10,578 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $95.77, for a total transaction of $1,013,055.06. Following the completion of the sale, the director now directly owns 105,491 shares of the company’s stock, valued at $10,102,873.07. The disclosure for this sale can be found here. Insiders sold a total of 150,007 shares of company stock valued at $15,202,163 in the last quarter. 11.90% of the stock is currently owned by insiders.
Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Equities research analysts predict that Danaher Co. will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, December 28th will be given a $0.16 dividend. The ex-dividend date is Thursday, December 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.60%. Danaher’s dividend payout ratio is presently 15.88%.
Several research firms recently issued reports on DHR. Robert W. Baird cut their price target on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Morgan Stanley upped their price target on shares of Danaher from $122.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, October 10th. Finally, Zacks Investment Research raised shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Wednesday, September 19th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Danaher presently has an average rating of “Buy” and a consensus price target of $112.14.
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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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