Diversified Trust Co lifted its position in shares of Danaher Co. (NYSE:DHR) by 81.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,196 shares of the conglomerate’s stock after buying an additional 2,775 shares during the period. Diversified Trust Co’s holdings in Danaher were worth $1,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DHR. Provident Wealth Management LLC purchased a new position in shares of Danaher during the third quarter valued at approximately $27,000. Howe & Rusling Inc. raised its stake in Danaher by 81.4% during the second quarter. Howe & Rusling Inc. now owns 156 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 70 shares during the period. Semmax Financial Advisors Inc. purchased a new position in Danaher during the second quarter worth approximately $35,000. Trustcore Financial Services LLC raised its stake in Danaher by 36.9% during the second quarter. Trustcore Financial Services LLC now owns 230 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 62 shares during the period. Finally, Prestige Wealth Management Group LLC raised its stake in Danaher by 1,055.6% during the first quarter. Prestige Wealth Management Group LLC now owns 312 shares of the conglomerate’s stock worth $43,000 after purchasing an additional 285 shares during the period. 78.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on DHR shares. Bank of America increased their price target on shares of Danaher from $181.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Jefferies Financial Group increased their price target on shares of Danaher from $190.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group increased their price target on shares of Danaher from $176.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Wells Fargo & Company reaffirmed a “buy” rating and set a $234.00 price target on shares of Danaher in a research note on Tuesday, September 29th. Finally, Stifel Nicolaus increased their price target on shares of Danaher from $170.00 to $210.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $202.00.

Danaher stock opened at $227.45 on Friday. The firm has a fifty day moving average of $209.83 and a 200-day moving average of $183.29. The firm has a market capitalization of $161.36 billion, a P/E ratio of 48.70, a PEG ratio of 3.52 and a beta of 0.88. Danaher Co. has a 52-week low of $119.60 and a 52-week high of $229.45. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 0.68.

Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, July 23rd. The conglomerate reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.35. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.01 billion. Danaher had a net margin of 17.73% and a return on equity of 11.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. On average, research analysts expect that Danaher Co. will post 5.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, September 28th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, September 25th. Danaher’s payout ratio is 16.29%.

In related news, SVP Angela S. Lalor sold 77,909 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $205.50, for a total transaction of $16,010,299.50. Following the completion of the sale, the senior vice president now directly owns 52,445 shares of the company’s stock, valued at approximately $10,777,447.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William King sold 26,982 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $199.09, for a total transaction of $5,371,846.38. Following the sale, the senior vice president now directly owns 29,821 shares of the company’s stock, valued at $5,937,062.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 530,474 shares of company stock valued at $104,501,669. Company insiders own 11.70% of the company’s stock.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The 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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