Danaher Corporation (DHR) Shares Sold by First Personal Financial Services
First Personal Financial Services lessened its holdings in Danaher Corporation (NYSE:DHR) by 61.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,536 shares of the conglomerate’s stock after selling 2,466 shares during the quarter. First Personal Financial Services’ holdings in Danaher Corporation were worth $130,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DHR. BlackRock Inc. boosted its holdings in shares of Danaher Corporation by 2,530.9% in the 1st quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock valued at $3,247,398,000 after purchasing an additional 36,524,795 shares in the last quarter. Flossbach Von Storch AG boosted its holdings in shares of Danaher Corporation by 44.7% in the 2nd quarter. Flossbach Von Storch AG now owns 5,782,019 shares of the conglomerate’s stock valued at $487,945,000 after purchasing an additional 1,785,810 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Danaher Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock valued at $3,503,962,000 after purchasing an additional 1,530,015 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Danaher Corporation in the 1st quarter valued at $116,462,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Danaher Corporation in the 1st quarter valued at $116,462,000. 75.68% of the stock is currently owned by hedge funds and other institutional investors.
Danaher Corporation (NYSE DHR) opened at 86.78 on Monday. Danaher Corporation has a one year low of $75.71 and a one year high of $88.62. The firm has a market capitalization of $60.29 billion, a P/E ratio of 27.70 and a beta of 1.03. The firm’s 50-day moving average price is $82.99 and its 200 day moving average price is $84.20.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Danaher Corporation will post $3.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 annualized dividend and a yield of 0.65%. Danaher Corporation’s payout ratio is 17.83%.
In other Danaher Corporation news, Director Linda P. Hefner sold 10,578 shares of the company’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 completion of the sale, the director now directly owns 42,151 shares in the company, valued at $3,499,797.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William King sold 7,458 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were 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 of the company’s stock, valued at $1,513,787.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,496 shares of company stock valued at $5,916,223. Company insiders own 12.20% of the company’s stock.
A number of equities research analysts have weighed in on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Danaher Corporation in a report on Friday, September 8th. Janney Montgomery Scott downgraded Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub raised Danaher Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $97.00 target price on shares of Danaher Corporation in a report on Wednesday, June 21st. Finally, Zacks Investment Research downgraded Danaher Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $92.72.
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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