Tocqueville Asset Management L.P. Lowers Stake in Danaher Co. (NYSE:DHR)

Tocqueville Asset Management L.P. lowered its stake in shares of Danaher Co. (NYSE:DHR) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,285 shares of the conglomerate’s stock after selling 535 shares during the period. Tocqueville Asset Management L.P.’s holdings in Danaher were worth $4,757,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Litman Gregory Asset Management LLC purchased a new position in shares of Danaher during the 2nd quarter worth approximately $33,000. Lenox Wealth Management Inc. purchased a new position in shares of Danaher during the 1st quarter worth approximately $40,000. Contravisory Investment Management Inc. purchased a new position in shares of Danaher during the 2nd quarter worth approximately $69,000. American Research & Management Co. purchased a new position in shares of Danaher during the 1st quarter worth approximately $66,000. Finally, Glassman Wealth Services boosted its position in shares of Danaher by 123.3% during the 1st quarter. Glassman Wealth Services now owns 585 shares of the conglomerate’s stock worth $77,000 after purchasing an additional 323 shares during the period. 79.35% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on DHR. Zacks Investment Research raised shares of Danaher from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Argus increased their price objective on shares of Danaher to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies increased their price objective on shares of Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $155.00 price target (up previously from $142.00) on shares of Danaher in a research report on Friday, July 19th. Finally, Royal Bank of Canada set a $134.00 price target on shares of Danaher and gave the company a “hold” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $143.54.



In other news, SVP Angela S. Lalor sold 3,091 shares of Danaher stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $132.23, for a total transaction of $408,722.93. Following the completion of the sale, the senior vice president now directly owns 38,515 shares of the company’s stock, valued at approximately $5,092,838.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William K. Daniel sold 164,164 shares of Danaher stock in a transaction on Friday, May 24th. The stock was sold at an average price of $132.43, for a total transaction of $21,740,238.52. Following the sale, the executive vice president now directly owns 194,627 shares of the company’s stock, valued at $25,774,453.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 392,121 shares of company stock valued at $53,603,339. Corporate insiders own 11.40% of the company’s stock.

DHR stock traded down $0.49 during midday trading on Wednesday, hitting $137.92. The company’s stock had a trading volume of 373,885 shares, compared to its average volume of 2,615,903. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. Danaher Co. has a 52-week low of $94.59 and a 52-week high of $145.50. The company has a market cap of $99.68 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.53 and a beta of 0.94. The firm has a 50-day moving average of $141.56.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the company posted $1.15 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Danaher Co. will post 4.79 earnings per share for the current year.

Danaher Profile

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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