DAVENPORT & Co LLC decreased its position in Danaher Co. (NYSE:DHR) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 753,021 shares of the conglomerate’s stock after selling 5,626 shares during the quarter. Danaher accounts for about 1.2% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 20th largest holding. DAVENPORT & Co LLC’s holdings in Danaher were worth $99,414,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Danaher in the fourth quarter worth $27,000. CX Institutional boosted its holdings in Danaher by 188.7% in the first quarter. CX Institutional now owns 205 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 134 shares during the period. Hanson McClain Inc. boosted its holdings in Danaher by 852.9% in the fourth quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 290 shares during the period. Executive Wealth Management LLC acquired a new position in Danaher in the fourth quarter worth $39,000. Finally, Ruggie Capital Group acquired a new position in Danaher in the fourth quarter worth $40,000. 77.59% of the stock is owned by institutional investors.
In related news, SVP Angela S. Lalor sold 4,534 shares of Danaher stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $127.25, for a total transaction of $576,951.50. Following the sale, the senior vice president now directly owns 21,209 shares in the company, valued at $2,698,845.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel L. Comas sold 97,357 shares of Danaher stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $127.04, for a total transaction of $12,368,233.28. Following the sale, the executive vice president now owns 134,039 shares in the company, valued at $17,028,314.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,150 shares of company stock worth $23,279,637. Company insiders own 11.40% of the company’s stock.
DHR stock opened at $124.88 on Thursday. 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 firm has a market capitalization of $91.74 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 2.39 and a beta of 1.04. Danaher Co. has a 1 year low of $94.59 and a 1 year high of $134.50.
Danaher (NYSE:DHR) last posted its earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. As a group, analysts predict that Danaher Co. will post 4.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.54%. This is a boost from Danaher’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 28th. Danaher’s dividend payout ratio (DPR) is presently 15.04%.
DHR has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 price objective on shares of Danaher in a report on Wednesday, December 19th. Needham & Company LLC initiated coverage on shares of Danaher in a report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 price objective for the company. Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Danaher in a report on Monday, January 7th. Janney Montgomery Scott raised shares of Danaher from a “neutral” rating to a “buy” rating in a report on Monday, February 25th. Finally, UBS Group lifted their price objective on shares of Danaher from $125.00 to $144.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $129.14.
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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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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