Penobscot Investment Management Company Inc. Has $3.86 Million Position in Danaher Co. (DHR)

Penobscot Investment Management Company Inc. boosted its position in shares of Danaher Co. (NYSE:DHR) by 11.8% in the second quarter, HoldingsChannel.com reports. The firm owned 39,077 shares of the conglomerate’s stock after purchasing an additional 4,110 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Danaher were worth $3,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Capital Group LLC boosted its holdings in shares of Danaher by 445.0% in the first quarter. Private Capital Group LLC now owns 1,744 shares of the conglomerate’s stock valued at $171,000 after buying an additional 1,424 shares during the period. Pratt Collard Advisory Partners LLC lifted its position in shares of Danaher by 3.8% in the second quarter. Pratt Collard Advisory Partners LLC now owns 17,586 shares of the conglomerate’s stock worth $1,735,000 after purchasing an additional 650 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of Danaher by 42.3% in the first quarter. Evermay Wealth Management LLC now owns 18,319 shares of the conglomerate’s stock worth $1,794,000 after purchasing an additional 5,445 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Danaher by 11.0% in the second quarter. State of Alaska Department of Revenue now owns 94,234 shares of the conglomerate’s stock worth $9,297,000 after purchasing an additional 9,310 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Danaher by 78.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 40,577 shares of the conglomerate’s stock worth $3,973,000 after purchasing an additional 17,871 shares in the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.

DHR has been the topic of a number of research reports. Stifel Nicolaus reissued a “buy” rating and issued a $114.00 price objective (up previously from $108.00) on shares of Danaher in a research report on Thursday, April 19th. Robert W. Baird reissued a “buy” rating and issued a $106.00 price objective on shares of Danaher in a research report on Friday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a $117.00 price objective on shares of Danaher in a research report on Friday, April 20th. Morgan Stanley boosted their price objective on shares of Danaher from $112.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, April 20th. Finally, Barclays reissued a “buy” rating and issued a $113.00 price objective on shares of Danaher in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $108.31.



In other Danaher news, EVP William K. Daniel sold 103,086 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $100.63, for a total transaction of $10,373,544.18. Following the sale, the executive vice president now directly owns 167,080 shares of the company’s stock, valued at $16,813,260.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert S. Lutz sold 14,555 shares of the company’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $103.93, for a total transaction of $1,512,701.15. Following the sale, the senior vice president now directly owns 18,044 shares in the company, valued at $1,875,312.92. The disclosure for this sale can be found here. Insiders have sold 299,961 shares of company stock worth $30,619,691 over the last ninety days. Insiders own 11.90% of the company’s stock.

NYSE DHR opened at $100.79 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.50. Danaher Co. has a 1 year low of $80.33 and a 1 year high of $106.08. The firm has a market cap of $70.21 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.92 and a beta of 1.04.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 19th. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.06. Danaher had a net margin of 13.84% and a return on equity of 11.55%. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. equities research analysts anticipate that Danaher Co. will post 4.49 EPS for the current year.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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