Whittier Trust Co. of Nevada Inc. Grows Holdings in Danaher Co. (NYSE:DHR)
Whittier Trust Co. of Nevada Inc. increased its position in Danaher Co. (NYSE:DHR) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,303 shares of the conglomerate’s stock after acquiring an additional 426 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Danaher were worth $5,387,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DHR. Next Capital Management LLC purchased a new stake in Danaher in the 2nd quarter worth approximately $31,000. Litman Gregory Asset Management LLC purchased a new stake in Danaher in the 2nd quarter worth approximately $33,000. Altshuler Shaham Ltd increased its holdings in Danaher by 59.3% in the 2nd quarter. Altshuler Shaham Ltd now owns 239 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Pinnacle Bank increased its holdings in Danaher by 52.3% in the 3rd quarter. Pinnacle Bank now owns 262 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Finally, MRA Associates USA LLC purchased a new stake in Danaher in the 2nd quarter worth approximately $40,000. 78.44% of the stock is owned by institutional investors.
DHR traded up $0.24 during trading on Friday, reaching $138.01. 1,404,663 shares of the company traded hands, compared to its average volume of 2,135,145. 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. The firm has a fifty day simple moving average of $141.25 and a 200 day simple moving average of $137.63. The company has a market cap of $98.83 billion, a P/E ratio of 30.53, a PEG ratio of 2.30 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 26th. Danaher’s dividend payout ratio (DPR) is currently 15.04%.
Several equities research analysts recently issued reports on DHR shares. Robert W. Baird increased their target price on shares of Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Piper Jaffray Companies increased their target price on shares of Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada set a $134.00 target price on shares of Danaher and gave the stock a “hold” rating in a report on Friday, July 19th. ValuEngine lowered shares of Danaher from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Argus increased their price objective on shares of Danaher to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $146.29.
In other news, insider Brian W. Ellis sold 1,010 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $144.04, for a total transaction of $145,480.40. Following the completion of the transaction, the insider now directly owns 20,889 shares in the company, valued at approximately $3,008,851.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mitchell P. Rales bought 2,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $139.52 per share, with a total value of $348,800.00. Following the completion of the transaction, the chairman now directly owns 3,030,453 shares in the company, valued at approximately $422,808,802.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 38,279 shares of company stock valued at $5,461,569. Insiders own 11.40% of the company’s stock.
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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