Danaher Corporation (DHR) Shares Sold by Mosaic Family Wealth LLC
Mosaic Family Wealth LLC cut its position in shares of Danaher Corporation (NYSE:DHR) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,817 shares of the conglomerate’s stock after selling 971 shares during the period. Mosaic Family Wealth LLC’s holdings in Danaher Corporation were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lee Danner & Bass Inc. raised its position in Danaher Corporation by 50.5% during the 3rd quarter. Lee Danner & Bass Inc. now owns 4,142 shares of the conglomerate’s stock valued at $355,000 after purchasing an additional 1,390 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Danaher Corporation in the 3rd quarter worth $6,233,000. Somerville Kurt F raised its position in shares of Danaher Corporation by 4.4% in the 3rd quarter. Somerville Kurt F now owns 130,401 shares of the conglomerate’s stock worth $11,186,000 after acquiring an additional 5,485 shares in the last quarter. Puzo Michael J raised its position in shares of Danaher Corporation by 6.1% in the 3rd quarter. Puzo Michael J now owns 41,829 shares of the conglomerate’s stock worth $3,589,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Kidder Stephen W raised its position in shares of Danaher Corporation by 5.1% in the 3rd quarter. Kidder Stephen W now owns 55,921 shares of the conglomerate’s stock worth $4,798,000 after acquiring an additional 2,730 shares in the last quarter. 75.38% of the stock is owned by institutional investors and hedge funds.
In other Danaher Corporation news, CAO Robert S. Lutz sold 11,189 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $91.66, for a total transaction of $1,025,583.74. Following the sale, the chief accounting officer now owns 18,314 shares in the company, valued at approximately $1,678,661.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William King sold 43,688 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $82.86, for a total value of $3,619,987.68. Following the sale, the insider now owns 45,748 shares in the company, valued at approximately $3,790,679.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,628 shares of company stock worth $25,304,394. Company insiders own 12.20% of the company’s stock.
Shares of Danaher Corporation (DHR) opened at $92.42 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.00 and a current ratio of 1.43. The firm has a market capitalization of $64,823.45, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. Danaher Corporation has a one year low of $76.27 and a one year high of $93.38.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, October 19th. The conglomerate reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.47 billion. Danaher Corporation had a return on equity of 11.29% and a net margin of 13.36%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. equities research analysts forecast that Danaher Corporation will post 3.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.56 annualized dividend and a yield of 0.61%. Danaher Corporation’s payout ratio is presently 16.52%.
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DHR has been the subject of several recent research reports. BidaskClub raised Danaher Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. set a $96.00 price target on Danaher Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Zacks Investment Research lowered Danaher Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.31.
Danaher Corporation 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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