First Bank & Trust decreased its position in Danaher Co. (NYSE:DHR) by 13.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,015 shares of the conglomerate’s stock after selling 1,051 shares during the period. First Bank & Trust’s holdings in Danaher were worth $926,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Danaher during the fourth quarter valued at $27,000. CX Institutional boosted its stake in shares of Danaher by 188.7% during the first quarter. CX Institutional now owns 205 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 134 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Danaher by 852.9% during the fourth quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 290 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in shares of Danaher during the fourth quarter valued at $39,000. Finally, Ruggie Capital Group acquired a new stake in shares of Danaher during the fourth quarter valued at $40,000. 77.58% of the stock is currently owned by institutional investors.
A number of research firms recently commented on DHR. Zacks Investment Research raised Danaher from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Tuesday, April 9th. Cowen reiterated a “buy” rating and set a $110.00 target price on shares of Danaher in a research report on Monday, January 7th. Deutsche Bank increased their target price on Danaher to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 target price on shares of Danaher in a research report on Wednesday, December 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $138.00 target price (up from $114.00) on shares of Danaher in a research report on Thursday, February 28th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Danaher has a consensus rating of “Buy” and an average target price of $125.46.
Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Equities analysts predict that Danaher Co. will post 4.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Danaher’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 28th. Danaher’s dividend payout ratio (DPR) is 15.04%.
In other news, CAO Robert S. Lutz sold 15,000 shares of the firm’s stock in a transaction dated Sunday, February 24th. The stock was sold at an average price of $127.00, for a total value of $1,905,000.00. Following the transaction, the chief accounting officer now directly owns 22,251 shares in the company, valued at approximately $2,825,877. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Angela S. Lalor sold 4,534 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $127.25, for a total value of $576,951.50. Following the completion of the transaction, the senior vice president now owns 21,209 shares in the company, valued at $2,698,845.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,150 shares of company stock worth $23,279,637. Company insiders own 11.90% of the company’s stock.
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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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