Kelly Lawrence W & Associates Inc. CA reduced its holdings in shares of Danaher Co. (NYSE:DHR) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 152,933 shares of the conglomerate’s stock after selling 1,140 shares during the quarter. Danaher accounts for 3.7% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 8th biggest position. Kelly Lawrence W & Associates Inc. CA’s holdings in Danaher were worth $21,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DHR. MBM Wealth Consultants LLC lifted its position in Danaher by 2.0% in the 2nd quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock valued at $529,000 after acquiring an additional 74 shares in the last quarter. Mechanics Bank Trust Department increased its stake in Danaher by 1.7% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after buying an additional 75 shares during the last quarter. Adirondack Trust Co. increased its stake in Danaher by 3.1% in the 1st quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock valued at $349,000 after buying an additional 78 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Danaher by 2.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock valued at $367,000 after buying an additional 79 shares during the last quarter. Finally, Copperwynd Financial LLC increased its stake in Danaher by 1.9% in the 2nd quarter. Copperwynd Financial LLC now owns 4,144 shares of the conglomerate’s stock valued at $592,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 78.43% of the company’s stock.

In related news, SVP Angela S. Lalor sold 20,000 shares of Danaher stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $142.30, for a total value of $2,846,000.00. Following the completion of the transaction, the senior vice president now directly owns 58,515 shares in the company, valued at approximately $8,326,684.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Patrick Joyce, Jr. sold 70,544 shares of Danaher stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $141.77, for a total transaction of $10,001,022.88. Following the completion of the transaction, the insider now owns 271,023 shares of the company’s stock, valued at $38,422,930.71. The disclosure for this sale can be found here. Insiders sold a total of 177,202 shares of company stock valued at $25,175,829 over the last quarter. 11.40% of the stock is owned by company insiders.

Danaher stock traded up $2.20 during mid-day trading on Wednesday, reaching $144.53. The company’s stock had a trading volume of 741,606 shares, compared to its average volume of 1,945,886. Danaher Co. has a 12-month low of $94.59 and a 12-month high of $145.50. The company has a market capitalization of $102.52 billion, a P/E ratio of 31.98, a PEG ratio of 2.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 2.32. The firm’s fifty day moving average price is $140.03 and its two-hundred day moving average price is $135.62.

Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same period in the previous year, the business earned $1.15 EPS. Danaher’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Danaher Co. will post 4.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, September 27th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a yield of 0.47%. Danaher’s dividend payout ratio is 15.04%.

Several research firms have commented on DHR. Argus increased their price objective on shares of Danaher to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies raised their price target on shares of Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Robert W. Baird raised their price target on shares of Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Wolfe Research initiated coverage on shares of Danaher in a research note on Thursday, May 30th. They set an “outperform” rating for the company. Finally, Royal Bank of Canada set a $134.00 price target on shares of Danaher and gave the stock a “hold” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $143.54.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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