New Mexico Educational Retirement Board Has $5.46 Million Position in Danaher Co. (DHR)
New Mexico Educational Retirement Board raised its stake in shares of Danaher Co. (NYSE:DHR) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,785 shares of the conglomerate’s stock after purchasing an additional 2,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Danaher were worth $5,456,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. National Asset Management Inc. raised its position in shares of Danaher by 0.4% in the 2nd quarter. National Asset Management Inc. now owns 3,767 shares of the conglomerate’s stock worth $318,000 after acquiring an additional 14 shares in the last quarter. Simmons Bank raised its position in shares of Danaher by 0.4% in the 2nd quarter. Simmons Bank now owns 7,160 shares of the conglomerate’s stock worth $604,000 after acquiring an additional 26 shares in the last quarter. Horizon Investments LLC raised its position in shares of Danaher by 0.4% in the 2nd quarter. Horizon Investments LLC now owns 7,828 shares of the conglomerate’s stock worth $648,000 after acquiring an additional 28 shares in the last quarter. WESPAC Advisors SoCal LLC raised its position in shares of Danaher by 1.2% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 4,060 shares of the conglomerate’s stock worth $342,000 after acquiring an additional 50 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of Danaher by 1.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 5,595 shares of the conglomerate’s stock worth $472,000 after acquiring an additional 54 shares in the last quarter. 75.88% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on DHR shares. Credit Suisse Group reissued a “hold” rating and issued a $99.00 price objective on shares of Danaher in a research report on Tuesday, December 19th. Zacks Investment Research lowered Danaher from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird reissued a “buy” rating on shares of Danaher in a research report on Friday, January 12th. Royal Bank of Canada reissued a “hold” rating and issued a $96.00 price objective on shares of Danaher in a research report on Thursday, January 4th. Finally, Morgan Stanley lifted their price objective on Danaher from $95.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Danaher presently has a consensus rating of “Buy” and a consensus target price of $100.13.
Danaher (NYSE:DHR) last issued its earnings results on Tuesday, January 30th. The conglomerate reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. equities analysts anticipate that Danaher Co. will post 4.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, December 28th. Danaher’s payout ratio is 16.00%.
In other Danaher news, SVP Daniel Raskas sold 37,870 shares of Danaher stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $93.33, for a total transaction of $3,534,407.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela S. Lalor sold 42,988 shares of Danaher stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $102.29, for a total value of $4,397,242.52. Following the transaction, the senior vice president now owns 82,008 shares of the company’s stock, valued at approximately $8,388,598.32. The disclosure for this sale can be found here. Insiders sold a total of 274,913 shares of company stock valued at $27,729,293 over the last ninety days. 12.20% of the stock is currently owned by corporate insiders.
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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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