Hedeker Wealth LLC lowered its position in Danaher Corporation (NYSE:DHR) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,778 shares of the conglomerate’s stock after selling 1,915 shares during the period. Hedeker Wealth LLC’s holdings in Danaher Corporation were worth $1,349,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Peddock Capital Advisors LLC increased its stake in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after buying an additional 181 shares during the period. ClariVest Asset Management LLC bought a new stake in Danaher Corporation during the first quarter valued at $157,000. Motco increased its stake in Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock valued at $158,000 after buying an additional 390 shares during the period. Baystate Wealth Management LLC increased its stake in Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock valued at $163,000 after buying an additional 60 shares during the period. Finally, Cedar Wealth Management LLC increased its stake in Danaher Corporation by 5.3% in the first quarter. Cedar Wealth Management LLC now owns 2,286 shares of the conglomerate’s stock valued at $196,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 76.56% of the company’s stock.
Danaher Corporation (DHR) traded up 0.02% during midday trading on Wednesday, hitting $80.29. 489,278 shares of the stock traded hands. The company has a market cap of $55.78 billion, a PE ratio of 25.63 and a beta of 1.03. Danaher Corporation has a one year low of $75.71 and a one year high of $88.01. The company’s 50-day moving average is $83.66 and its 200-day moving average is $84.23.
Danaher Corporation (NYSE:DHR) last released its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Equities research analysts expect that Danaher Corporation will post $3.95 EPS for the current fiscal year.
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Several analysts recently weighed in on the stock. Wells Fargo & Company reiterated a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $95.00 target price on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub downgraded shares of Danaher Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Credit Suisse Group reiterated a “buy” rating and issued a $93.00 target price on shares of Danaher Corporation in a report on Wednesday, May 24th. Finally, Janney Montgomery Scott downgraded shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.76.
In other Danaher Corporation news, insider William King sold 7,458 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the completion of the transaction, the insider now directly owns 18,245 shares of the company’s stock, valued at approximately $1,513,787.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Angela S. Lalor sold 10,815 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $84.16, for a total transaction of $910,190.40. Following the transaction, the senior vice president now directly owns 39,020 shares of the company’s stock, valued at $3,283,923.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,623 shares of company stock valued at $3,206,426. Company 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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