APG Asset Management N.V. Reduces Stake in Danaher Corporation (DHR)
APG Asset Management N.V. decreased its position in Danaher Corporation (NYSE:DHR) by 38.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,562 shares of the conglomerate’s stock after selling 415,271 shares during the period. APG Asset Management N.V. owned about 0.10% of Danaher Corporation worth $56,758,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Peddock Capital Advisors LLC increased 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 valued at $105,000 after buying an additional 181 shares in the last quarter. Proficio Capital Partners LLC increased its position in Danaher Corporation by 92.3% in the first quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after buying an additional 598 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Danaher Corporation during the first quarter valued at about $157,000. Motco increased its position 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 in the last quarter. Finally, Baystate Wealth Management LLC increased its position 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 in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
Danaher Corporation (DHR) traded down 0.05% on Friday, reaching $80.87. 2,861,306 shares of the company traded hands. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The company has a 50-day moving average price of $82.32 and a 200-day moving average price of $84.22. The company has a market capitalization of $56.18 billion, a P/E 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The firm had revenue of $4.51 billion for 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%. Danaher Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS. Equities research analysts expect that Danaher Corporation will post $3.95 EPS for the current year.
Several equities analysts have issued reports on the stock. Janney Montgomery Scott downgraded shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of Danaher Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and issued a $97.00 price objective on shares of Danaher Corporation in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of Danaher Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $93.00 target price on shares of Danaher Corporation in a report on Wednesday, May 24th. 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 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, Director Linda P. Hefner sold 10,578 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $83.03, for a total transaction of $878,291.34. Following the sale, the director now directly owns 42,151 shares in the company, valued at approximately $3,499,797.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William King sold 7,458 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $82.97, for a total transaction of $618,790.26. Following the sale, the insider now owns 18,245 shares in the company, valued at $1,513,787.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,623 shares of company stock worth $3,206,426. 12.20% of the stock is currently owned by insiders.
Danaher Corporation Company Profile
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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