Danaher Co. (NYSE:DHR) Stake Boosted by Canton Hathaway LLC

Canton Hathaway LLC increased its holdings in Danaher Co. (NYSE:DHR) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,078 shares of the conglomerate’s stock after purchasing an additional 92 shares during the period. Danaher makes up 1.0% of Canton Hathaway LLC’s investment portfolio, making the stock its 12th biggest holding. Canton Hathaway LLC’s holdings in Danaher were worth $1,889,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. MBM Wealth Consultants LLC raised its position 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 buying an additional 74 shares during the last quarter. Mechanics Bank Trust Department grew its position in shares of Danaher by 1.7% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 75 shares during the period. Copperwynd Financial LLC grew its position in shares of Danaher by 1.9% in the 2nd quarter. Copperwynd Financial LLC now owns 4,144 shares of the conglomerate’s stock valued at $592,000 after acquiring an additional 79 shares during the period. Lincoln National Corp grew its position in shares of Danaher by 3.1% in the 2nd quarter. Lincoln National Corp now owns 2,666 shares of the conglomerate’s stock valued at $381,000 after acquiring an additional 81 shares during the period. Finally, Meridian Financial Partners LLC grew its position in shares of Danaher by 3.0% in the 2nd quarter. Meridian Financial Partners LLC now owns 2,847 shares of the conglomerate’s stock valued at $411,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 78.42% of the company’s stock.

In related news, Chairman Mitchell P. Rales bought 2,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $139.52 per share, for a total transaction of $348,800.00. Following the purchase, the chairman now owns 3,030,453 shares in the company, valued at approximately $422,808,802.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 70,544 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $141.77, for a total transaction of $10,001,022.88. Following the sale, the insider now owns 271,023 shares of the company’s stock, valued at approximately $38,422,930.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,202 shares of company stock valued at $25,175,829. 11.40% of the stock is currently owned by corporate insiders.



Shares of NYSE DHR traded down $0.04 during mid-day trading on Friday, reaching $138.72. 1,950,427 shares of the company were exchanged, compared to its average volume of 2,521,679. The company’s 50-day simple moving average is $141.08 and its 200-day simple moving average is $137.31. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $97.29 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.27 and a beta of 0.94. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $147.33.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, September 26th. Danaher’s dividend payout ratio is presently 15.04%.

A number of brokerages have recently commented on DHR. ValuEngine downgraded shares of Danaher from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Argus lifted their price objective on shares of Danaher to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. 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 report on Thursday, July 18th. Royal Bank of Canada set a $134.00 price objective on shares of Danaher and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Wolfe Research set a $157.00 price objective on shares of Danaher and gave the company a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $145.92.

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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