Danaher Corp. (DHR) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its position in shares of Danaher Corp. (NYSE:DHR) by 7.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 199,324 shares of the company’s stock after selling 15,392 shares during the period. BNP Paribas Arbitrage SA’s holdings in Danaher Corp. were worth $15,625,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Global X Management Co. LLC boosted its position in Danaher Corp. by 83.4% in the second quarter. Global X Management Co. LLC now owns 1,080 shares of the company’s stock worth $109,000 after buying an additional 491 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock worth $130,000 after buying an additional 170 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in Danaher Corp. during the second quarter worth about $132,000. Wealthcare Capital Management LLC acquired a new position in Danaher Corp. during the second quarter worth about $144,000. Finally, Motco boosted its position in Danaher Corp. by 6.8% in the second quarter. Motco now owns 1,585 shares of the company’s stock worth $160,000 after buying an additional 101 shares during the last quarter. 76.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Danaher Corp. (NYSE:DHR) opened at 78.99 on Friday. The firm has a market cap of $54.64 billion, a P/E ratio of 22.10 and a beta of 1.06. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The company’s 50-day moving average price is $77.95 and its 200-day moving average price is $77.75.
Danaher Corp. (NYSE:DHR) last posted its earnings results on Thursday, October 20th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Danaher Corp. had a net margin of 11.78% and a return on equity of 12.90%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the firm earned $1.05 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Danaher Corp. will post $3.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were issued a $0.125 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.63%. Danaher Corp.’s dividend payout ratio (DPR) is presently 13.97%.
A number of research firms have issued reports on DHR. RBC Capital Markets set a $86.00 target price on Danaher Corp. and gave the company a “hold” rating in a research note on Friday, October 21st. Barclays PLC upped their price objective on Danaher Corp. from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 7th. Jefferies Group upped their price objective on Danaher Corp. from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Evercore ISI reaffirmed a “buy” rating and set a $89.00 price objective on shares of Danaher Corp. in a research report on Wednesday, October 12th. Finally, Cowen and Company began coverage on Danaher Corp. in a research report on Tuesday, August 2nd. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Danaher Corp. presently has a consensus rating of “Buy” and a consensus target price of $92.14.
In related news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of Danaher Corp. stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $79.68, for a total value of $2,878,440.00. Following the sale, the insider now owns 205,407 shares of the company’s stock, valued at approximately $16,366,829.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.60% of the stock is currently owned by corporate insiders.
About Danaher Corp.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.
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