Employers Holdings Inc. Makes New $4.87 Million Investment in Danaher Co. (NYSE:DHR)

Employers Holdings Inc. bought a new position in Danaher Co. (NYSE:DHR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,040 shares of the conglomerate’s stock, valued at approximately $4,865,000. Danaher comprises approximately 2.7% of Employers Holdings Inc.’s portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHR. MBM Wealth Consultants LLC boosted its holdings in shares of Danaher by 2.0% during the second quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock valued at $529,000 after acquiring an additional 74 shares during the period. Mechanics Bank Trust Department raised its stake in shares of Danaher by 1.7% during the second quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 75 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of Danaher by 3.1% during the first quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock valued at $349,000 after purchasing an additional 78 shares in the last quarter. HL Financial Services LLC raised its stake in shares of Danaher by 0.4% during the first quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock valued at $2,528,000 after purchasing an additional 79 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Danaher by 2.9% during the first quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock valued at $367,000 after purchasing an additional 79 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Danaher from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Argus lifted their price objective on shares of Danaher to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Piper Jaffray Companies boosted their price target 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. Finally, Wolfe Research started coverage on shares of Danaher in a research report on Thursday, May 30th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Danaher presently has an average rating of “Buy” and an average target price of $143.54.



NYSE:DHR traded up $1.72 on Friday, hitting $138.91. 282,096 shares of the company’s stock traded hands, compared to its average volume of 2,350,412. The company has a market cap of $98.42 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.54 and a beta of 0.94. The firm has a 50-day moving average price of $141.39 and a 200-day moving average price of $131.52. Danaher Co. has a 1 year low of $94.59 and a 1 year high of $145.50. The company has a current ratio of 2.32, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced 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. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. On average, research analysts forecast that Danaher Co. will post 4.79 EPS for the current fiscal year.

In related news, EVP William K. Daniel sold 7,534 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $131.27, for a total value of $988,988.18. Following the completion of the sale, the executive vice president now owns 115,778 shares of the company’s stock, valued at approximately $15,198,178.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Angela S. Lalor sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $142.30, for a total value of $2,846,000.00. Following the sale, the senior vice president now directly owns 58,515 shares of the company’s stock, valued at approximately $8,326,684.50. The disclosure for this sale can be found here. In the last three months, insiders sold 361,850 shares of company stock valued at $49,587,520. 11.40% of the stock is currently owned by company insiders.

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 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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