North American Management Corp decreased its position in shares of Danaher Corporation (NYSE:DHR) by 1.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 123,731 shares of the conglomerate’s stock after selling 2,119 shares during the period. Danaher Corporation makes up approximately 1.7% of North American Management Corp’s portfolio, making the stock its 23rd largest position. North American Management Corp’s holdings in Danaher Corporation were worth $10,442,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peddock Capital Advisors LLC boosted its position in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock worth $105,000 after buying an additional 181 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Danaher Corporation by 92.3% in the first quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock worth $105,000 after buying an additional 598 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Danaher Corporation during the first quarter worth about $157,000. Motco raised its stake in shares of Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock worth $158,000 after buying an additional 390 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its stake in shares of Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock worth $163,000 after buying an additional 60 shares during the last quarter. 76.22% of the stock is currently owned by hedge funds and other institutional investors.
Danaher Corporation (NYSE:DHR) opened at 81.01 on Friday. The firm has a market capitalization of $56.28 billion, a P/E ratio of 25.86 and a beta of 1.03. The company has a 50 day moving average price of $83.93 and a 200 day moving average price of $84.29. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01.
Danaher Corporation (NYSE:DHR) last announced its earnings results on Thursday, July 20th. The conglomerate reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Danaher Corporation will post $3.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, June 28th. Danaher Corporation’s dividend payout ratio is currently 17.83%.
A number of analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a report on Friday. BidaskClub lowered Danaher Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, July 28th. Wells Fargo & Company restated a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Finally, Citigroup Inc. set a $96.00 target price on Danaher Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $91.76.
In other news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of Danaher Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.78, for a total value of $799,154.16. Following the transaction, the insider now owns 155,520 shares of the company’s stock, valued at $12,718,425.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William King sold 7,458 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $82.97, for a total transaction of $618,790.26. Following the transaction, the insider now directly owns 18,245 shares in the company, valued at approximately $1,513,787.65. The disclosure for this sale can be found here. Insiders sold 38,623 shares of company stock valued at $3,206,426 over the last quarter. Corporate insiders own 12.20% of the company’s stock.
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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