Polaris Greystone Financial Group LLC boosted its stake in Danaher Co. (NYSE:DHR) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 207,072 shares of the conglomerate’s stock after buying an additional 1,105 shares during the period. Danaher comprises 2.3% of Polaris Greystone Financial Group LLC’s portfolio, making the stock its 12th largest position. Polaris Greystone Financial Group LLC’s holdings in Danaher were worth $28,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Bank increased its stake in Danaher by 52.3% during the third quarter. Pinnacle Bank now owns 262 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its stake in Danaher by 3.7% during the third quarter. Ipswich Investment Management Co. Inc. now owns 5,630 shares of the conglomerate’s stock valued at $813,000 after purchasing an additional 200 shares during the last quarter. Douglass Winthrop Advisors LLC increased its stake in Danaher by 1.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 42,863 shares of the conglomerate’s stock valued at $6,191,000 after purchasing an additional 589 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Danaher by 0.6% during the third quarter. Gulf International Bank UK Ltd now owns 155,136 shares of the conglomerate’s stock valued at $22,406,000 after purchasing an additional 920 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in Danaher during the third quarter valued at $311,000. 78.42% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. Wolfe Research set a $157.00 target price on shares of Danaher and gave the company a “buy” rating in a research note on Thursday, September 26th. Argus boosted their target price on shares of Danaher to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Robert W. Baird boosted their target price on shares of Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and set a $155.00 target price (up previously from $142.00) on shares of Danaher in a research note on Friday, July 19th. Finally, ValuEngine lowered shares of Danaher from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $144.50.

Shares of Danaher stock traded up $1.53 during trading on Wednesday, hitting $137.15. 634,321 shares of the stock were exchanged, compared to its average volume of 2,532,816. The stock’s fifty day moving average is $141.20 and its 200 day moving average is $137.24. The stock has a market cap of $101.62 billion, a PE ratio of 30.34, a P/E/G ratio of 2.37 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. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $147.33.

Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.09 billion. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 earnings per share. Sell-side analysts anticipate that Danaher Co. will post 4.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. Danaher’s dividend payout ratio is currently 15.04%.

In related news, Chairman Mitchell P. Rales bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $139.52 per share, for a total transaction of $348,800.00. Following the transaction, the chairman now directly owns 3,030,453 shares of the company’s stock, valued at approximately $422,808,802.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda P. Hefner sold 2,601 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $141.66, for a total transaction of $368,457.66. Following the completion of the transaction, the director now owns 38,935 shares of the company’s stock, valued at approximately $5,515,532.10. The disclosure for this sale can be found here. Insiders have sold 177,202 shares of company stock valued at $25,175,829 in the last 90 days. Insiders own 11.40% of the company’s stock.

About Danaher

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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