Danaher Corporation (DHR) Shares Sold by Stack Financial Management Inc
Stack Financial Management Inc decreased its position in Danaher Corporation (NYSE:DHR) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,379 shares of the conglomerate’s stock after selling 1,472 shares during the period. Danaher Corporation accounts for about 2.2% of Stack Financial Management Inc’s investment portfolio, making the stock its 14th largest position. Stack Financial Management Inc’s holdings in Danaher Corporation were worth $21,383,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Danaher Corporation by 2,530.9% in the first quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock worth $3,247,398,000 after buying an additional 36,524,795 shares during the last quarter. Vanguard Group Inc. increased its position 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 during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Danaher Corporation during the first quarter worth approximately $116,462,000. Marshall Wace North America L.P. bought a new position in shares of Danaher Corporation during the first quarter worth approximately $116,462,000. Finally, Parnassus Investments CA increased its position 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 during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
Danaher Corporation (DHR) traded up 0.59% during midday trading on Monday, hitting $81.35. The company had a trading volume of 766,059 shares. The stock has a 50 day moving average of $82.32 and a 200 day moving average of $84.22. The firm has a market cap of $56.51 billion, a price-to-earnings ratio of 25.97 and a beta of 1.03. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. On average, analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
A number of equities analysts recently commented on DHR shares. Janney Montgomery Scott downgraded Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub downgraded Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reiterated a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Cowen and Company reiterated an “outperform” rating and set a $90.00 price objective on shares of Danaher Corporation in a research report on Sunday, April 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Danaher Corporation in a research report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $91.76.
In related news, insider William King sold 7,458 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $82.97, for a total value of $618,790.26. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.78, for a total value of $799,154.16. Following the completion of the transaction, the insider now directly owns 155,520 shares in the company, valued at $12,718,425.60. The disclosure for this sale can be found here. Insiders sold a total of 38,623 shares of company stock worth $3,206,426 over the last ninety days. Corporate insiders own 12.20% of the company’s stock.
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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