Ramsay Stattman Vela & Price Inc. Has $7.19 Million Holdings in Danaher Corporation (DHR)
Ramsay Stattman Vela & Price Inc. raised its position in Danaher Corporation (NYSE:DHR) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,833 shares of the conglomerate’s stock after purchasing an additional 5,558 shares during the quarter. Danaher Corporation comprises approximately 3.0% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 15th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Danaher Corporation were worth $7,191,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in shares of Danaher Corporation by 1.1% in the third quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 177,110 shares of the conglomerate’s stock valued at $15,192,000 after purchasing an additional 1,855 shares during the period. Beech Hill Advisors Inc. boosted its holdings in shares of Danaher Corporation by 7.2% in the third quarter. Beech Hill Advisors Inc. now owns 26,700 shares of the conglomerate’s stock valued at $2,290,000 after acquiring an additional 1,800 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Danaher Corporation by 2.8% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,859,891 shares of the conglomerate’s stock valued at $159,541,000 after acquiring an additional 51,495 shares in the last quarter. Bainco International Investors boosted its holdings in shares of Danaher Corporation by 9.5% in the third quarter. Bainco International Investors now owns 61,977 shares of the conglomerate’s stock valued at $5,316,000 after acquiring an additional 5,387 shares in the last quarter. Finally, Lee Danner & Bass Inc. boosted its holdings in Danaher Corporation by 50.5% during the third quarter. Lee Danner & Bass Inc. now owns 4,142 shares of the conglomerate’s stock worth $355,000 after buying an additional 1,390 shares in the last quarter. Institutional investors own 75.38% of the company’s stock.
In related news, insider William King sold 43,688 shares of Danaher Corporation stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $82.86, for a total transaction of $3,619,987.68. Following the completion of the transaction, the insider now directly owns 45,748 shares of the company’s stock, valued at approximately $3,790,679.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert S. Lutz sold 11,189 shares of Danaher Corporation stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $91.66, for a total transaction of $1,025,583.74. Following the transaction, the chief accounting officer now directly owns 18,314 shares of the company’s stock, valued at $1,678,661.24. The disclosure for this sale can be found here. Insiders have sold a total of 279,628 shares of company stock valued at $25,304,394 over the last three months. 12.20% of the stock is currently owned by insiders.
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Shares of Danaher Corporation (NYSE:DHR) opened at $93.58 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.42. Danaher Corporation has a 12-month low of $76.27 and a 12-month high of $93.86. The firm has a market cap of $64,287.83, a PE ratio of 23.76, a PEG ratio of 2.20 and a beta of 1.02.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, October 19th. The conglomerate reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.05. Danaher Corporation had a net margin of 13.36% and a return on equity of 11.29%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. analysts anticipate that Danaher Corporation will post 3.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, September 28th. Danaher Corporation’s dividend payout ratio is currently 16.52%.
A number of analysts recently weighed in on the stock. The Goldman Sachs Group, Inc. restated a “neutral” rating and set a $83.00 target price on shares of Danaher Corporation in a report on Tuesday, September 26th. Jefferies Group LLC restated a “buy” rating and set a $95.00 target price on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub lowered shares of Danaher Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Danaher Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird raised their price objective on shares of Danaher Corporation from $87.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Danaher Corporation currently has a consensus rating of “Buy” and an average target price of $93.31.
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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