Danaher Co. (NYSE:DHR) Stock Holdings Lifted by Evanson Asset Management LLC

Evanson Asset Management LLC boosted its position in shares of Danaher Co. (NYSE:DHR) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,477 shares of the conglomerate’s stock after purchasing an additional 294 shares during the period. Evanson Asset Management LLC’s holdings in Danaher were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHR. Vanguard Group Inc. grew its holdings in shares of Danaher by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 48,262,218 shares of the conglomerate’s stock valued at $6,897,635,000 after acquiring an additional 686,421 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Danaher by 0.5% during the 2nd quarter. Northern Trust Corp now owns 8,929,430 shares of the conglomerate’s stock valued at $1,276,194,000 after acquiring an additional 41,740 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Danaher by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,753,246 shares of the conglomerate’s stock valued at $822,255,000 after acquiring an additional 188,752 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Danaher by 38.4% during the 2nd quarter. Jennison Associates LLC now owns 5,135,358 shares of the conglomerate’s stock valued at $733,945,000 after acquiring an additional 1,424,328 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Danaher by 3.7% during the 1st quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock valued at $488,549,000 after acquiring an additional 133,300 shares in the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.

Several research firms have recently commented on DHR. Wolfe Research set a $157.00 price target on shares of Danaher and gave the company a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada set a $134.00 price target on shares of Danaher and gave the company a “hold” rating in a report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and set a $155.00 price target (up from $142.00) on shares of Danaher in a report on Friday, July 19th. 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. Finally, Piper Jaffray Companies lifted their price objective on shares of Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $145.92.



Shares of DHR stock traded up $1.64 on Friday, hitting $140.40. The company’s stock had a trading volume of 826,209 shares, compared to its average volume of 2,377,544. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.91. Danaher Co. has a fifty-two week low of $94.59 and a fifty-two week high of $147.33. The firm’s fifty day moving average price is $141.08 and its 200-day moving average price is $137.31. The stock has a market capitalization of $97.29 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.27 and a beta of 0.94.

Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the business earned $1.15 EPS. Danaher’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict that Danaher Co. will post 4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, September 26th. Danaher’s dividend payout ratio is 15.04%.

In other Danaher news, SVP Angela S. Lalor sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $142.30, for a total transaction of $2,846,000.00. Following the completion of the transaction, the senior vice president now owns 58,515 shares of the company’s stock, valued at approximately $8,326,684.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian W. Ellis sold 1,010 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $144.04, for a total transaction of $145,480.40. Following the transaction, the insider now directly owns 20,889 shares of the company’s stock, valued at approximately $3,008,851.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,202 shares of company stock valued at $25,175,829. Company insiders own 11.40% of the company’s stock.

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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