Leavell Investment Management Inc. lowered its holdings in shares of Danaher Co. (NYSE:DHR) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 9,073 shares of the conglomerate’s stock after selling 125 shares during the quarter. Leavell Investment Management Inc.’s holdings in Danaher were worth $1,199,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. CX Institutional raised its position in shares of Danaher by 188.7% in the 1st quarter. CX Institutional now owns 205 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 134 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Danaher in the 4th quarter worth $27,000. Hanson McClain Inc. raised its position in shares of Danaher by 852.9% in the 4th quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 290 shares in the last quarter. Executive Wealth Management LLC bought a new position in shares of Danaher in the 4th quarter worth $39,000. Finally, Ruggie Capital Group bought a new position in shares of Danaher in the 4th quarter worth $40,000. Institutional investors and hedge funds own 77.59% of the company’s stock.
Shares of DHR stock opened at $128.18 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $93.40 billion, a PE ratio of 28.36, a PEG ratio of 2.39 and a beta of 1.04. Danaher Co. has a fifty-two week low of $94.59 and a fifty-two week high of $134.50.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.33 billion. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Research analysts anticipate that Danaher Co. will post 4.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Danaher’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.53%. Danaher’s dividend payout ratio is currently 15.04%.
DHR has been the subject of several recent research reports. Janney Montgomery Scott raised Danaher from a “neutral” rating to a “buy” rating in a research report on Monday, February 25th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $140.00 price target on shares of Danaher in a research report on Monday, March 4th. Royal Bank of Canada reissued a “hold” rating and issued a $102.00 price target on shares of Danaher in a research report on Wednesday, December 19th. Needham & Company LLC assumed coverage on Danaher in a research report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 price target for the company. Finally, Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Danaher in a research report on Monday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $125.46.
In other news, EVP Daniel L. Comas sold 97,357 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $127.04, for a total value of $12,368,233.28. Following the transaction, the executive vice president now directly owns 134,039 shares of the company’s stock, valued at $17,028,314.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert S. Lutz sold 17,822 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $126.95, for a total value of $2,262,502.90. Following the completion of the transaction, the chief accounting officer now directly owns 22,251 shares in the company, valued at $2,824,764.45. The disclosure for this sale can be found here. Insiders sold 183,150 shares of company stock worth $23,279,637 over the last three months. Corporate insiders own 11.40% of the company’s stock.
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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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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