Danaher Corp. (DHR) Shares Bought by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd raised its position in shares of Danaher Corp. (NYSE:DHR) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,212 shares of the company’s stock after buying an additional 2,600 shares during the period. Gulf International Bank UK Ltd’s holdings in Danaher Corp. were worth $14,753,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of 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 in the last quarter. Thompson Davis & CO. Inc. raised its stake in Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock valued at $130,000 after buying an additional 170 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in Danaher Corp. during the second quarter valued at approximately $132,000. Wealthcare Capital Management LLC acquired a new stake in Danaher Corp. during the second quarter valued at approximately $144,000. Finally, Motco raised its stake in Danaher Corp. by 6.8% in the second quarter. Motco now owns 1,585 shares of the company’s stock valued at $160,000 after buying an additional 101 shares in the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.
Danaher Corp. (NYSE:DHR) traded down 0.91% on Wednesday, reaching $78.41. 980,493 shares of the company traded hands. Danaher Corp. has a one year low of $61.60 and a one year high of $82.64. The firm has a 50 day moving average of $78.41 and a 200-day moving average of $78.26. The stock has a market capitalization of $54.24 billion, a PE ratio of 21.93 and a beta of 1.06.
Danaher Corp. (NYSE:DHR) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.87 earnings per share 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 business earned $4.10 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. Danaher Corp.’s revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Danaher Corp. will post $3.59 EPS for the current year.
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Several equities research analysts recently commented on the stock. Cowen and Company assumed coverage on shares of Danaher Corp. in a research report on Tuesday, August 2nd. They issued a “market perform” rating for the company. Citigroup Inc. reiterated a “market perform” rating and issued a $85.00 price objective on shares of Danaher Corp. in a research note on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Danaher Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Morgan Stanley restated a “buy” rating and set a $86.00 price target on shares of Danaher Corp. in a research note on Wednesday, August 31st. Finally, Barclays PLC increased their price target on shares of Danaher Corp. from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 7th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $92.14.
In other news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 205,407 shares of the company’s stock, valued at $16,366,829.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.60% of the stock is currently owned by insiders.
Danaher Corp. Company Profile
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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