Dimensional Fund Advisors LP boosted its position in shares of Danaher Corporation (NYSE:DHR) by 17.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,661,469 shares of the conglomerate’s stock after buying an additional 703,224 shares during the period. Dimensional Fund Advisors LP owned 0.67% of Danaher Corporation worth $398,696,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in DHR. Vanguard Group Inc. boosted its stake in shares of Danaher Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock worth $3,503,962,000 after buying an additional 1,530,015 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Danaher Corporation during the first quarter worth $116,462,000. Marshall Wace North America L.P. bought a new stake in shares of Danaher Corporation during the first quarter worth $116,462,000. Parnassus Investments CA boosted its stake in shares of Danaher Corporation by 15.3% in the first quarter. Parnassus Investments CA now owns 8,622,528 shares of the conglomerate’s stock worth $712,738,000 after buying an additional 1,143,284 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Danaher Corporation by 108.5% in the first quarter. American Century Companies Inc. now owns 1,928,414 shares of the conglomerate’s stock worth $164,937,000 after buying an additional 1,003,306 shares in the last quarter. 76.12% of the stock is owned by institutional investors.
Shares of Danaher Corporation (DHR) traded down 0.05% during trading on Friday, reaching $80.87. The company had a trading volume of 504,852 shares. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The firm has a 50 day moving average price of $82.41 and a 200 day moving average price of $84.22. The company has a market cap of $56.18 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last issued its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Analysts predict that Danaher Corporation will post $3.95 earnings per share for the current year.
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A number of analysts have weighed in on DHR shares. Janney Montgomery Scott cut Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub cut Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Cowen and Company reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Danaher Corporation in a research report on Sunday, April 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Danaher Corporation in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.76.
In other news, insider William King sold 7,458 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 18,245 shares of the company’s stock, valued at $1,513,787.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela S. Lalor sold 10,815 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $3,283,923.20. The disclosure for this sale can be found here. Insiders have sold 38,623 shares of company stock valued at $3,206,426 over the last 90 days. 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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