WESPAC Advisors SoCal LLC increased its holdings in Danaher Co. (NYSE:DHR) by 64.5% in the first quarter, HoldingsChannel.com reports. The firm owned 7,708 shares of the conglomerate’s stock after buying an additional 3,023 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Danaher were worth $1,017,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in Danaher during the 4th quarter worth approximately $27,000. CX Institutional grew its position in shares of Danaher by 188.7% in the first quarter. CX Institutional now owns 205 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Hanson McClain Inc. grew its position in shares of Danaher by 852.9% in the fourth quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 290 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in shares of Danaher in the fourth quarter valued at approximately $39,000. Finally, Ruggie Capital Group purchased a new stake in shares of Danaher in the fourth quarter valued at approximately $40,000. 76.98% of the stock is owned by institutional investors.
Danaher stock traded up $0.16 during mid-day trading on Friday, hitting $132.43. The company’s stock had a trading volume of 15,231 shares, compared to its average volume of 2,305,411. The firm has a market capitalization of $93.82 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.53 and a beta of 1.02. Danaher Co. has a 1 year low of $94.59 and a 1 year high of $134.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.18.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.06. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.80 billion. Danaher had a return on equity of 11.61% and a net margin of 12.04%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. Analysts forecast that Danaher Co. will post 4.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.68 annualized dividend and a yield of 0.51%. Danaher’s payout ratio is 15.04%.
In other Danaher news, CAO Robert S. Lutz sold 15,000 shares of the company’s stock in a transaction on Sunday, February 24th. The stock was sold at an average price of $127.00, for a total transaction of $1,905,000.00. Following the transaction, the chief accounting officer now directly owns 22,251 shares in the company, valued at $2,825,877. The transaction was disclosed in a legal 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 company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $126.95, for a total value of $2,262,502.90. Following the transaction, the chief accounting officer now owns 22,251 shares in the company, valued at $2,824,764.45. The disclosure for this sale can be found here. Insiders sold 424,761 shares of company stock valued at $54,983,097 over the last quarter. 11.40% of the stock is currently owned by company insiders.
DHR has been the subject of a number of analyst reports. Janney Montgomery Scott upgraded Danaher from a “neutral” rating to a “buy” rating in a research report on Monday, February 25th. UBS Group upped their price target on Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Deutsche Bank upped their price target on Danaher to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Jefferies Financial Group upped their price target on Danaher to $140.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $138.00 price objective (up from $114.00) on shares of Danaher in a research report on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $131.75.
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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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