Danaher Co. (NYSE:DHR) Shares Sold by Ledyard National Bank

Ledyard National Bank trimmed its stake in Danaher Co. (NYSE:DHR) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 6,246 shares of the conglomerate’s stock after selling 95 shares during the period. Ledyard National Bank’s holdings in Danaher were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DHR. Nuveen Asset Management LLC grew its holdings in shares of Danaher by 10,853.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,664,924 shares of the conglomerate’s stock worth $523,790,000 after acquiring an additional 3,631,465 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Danaher by 274.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,858,029 shares of the conglomerate’s stock worth $408,466,000 after acquiring an additional 2,095,396 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Danaher by 38.4% in the 2nd quarter. Jennison Associates LLC now owns 5,135,358 shares of the conglomerate’s stock worth $733,945,000 after acquiring an additional 1,424,328 shares during the last quarter. Railway Pension Investments Ltd acquired a new position in shares of Danaher in the 2nd quarter worth $13,030,000. Finally, Sustainable Growth Advisers LP acquired a new position in shares of Danaher in the 2nd quarter worth $124,387,000. Institutional investors and hedge funds own 78.44% of the company’s stock.

In other news, Chairman Mitchell P. Rales bought 2,500 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $139.52 per share, for a total transaction of $348,800.00. Following the completion of the purchase, the chairman now directly owns 3,030,453 shares of the company’s stock, valued at approximately $422,808,802.56. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 11.40% of the company’s stock.

A number of brokerages have recently weighed in on DHR. Piper Jaffray Companies lifted their price target on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Credit Suisse Group reiterated an “outperform” rating and set a $151.00 price target on shares of Danaher in a report on Monday, October 14th. ValuEngine downgraded Danaher from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Argus lifted their price target on Danaher to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada set a $134.00 price target on Danaher and gave the company a “hold” rating in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $146.29.

Shares of NYSE DHR opened at $136.44 on Friday. The business’s 50-day moving average price is $140.80 and its two-hundred day moving average price is $137.83. 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 one year low of $94.59 and a one year high of $147.33. The company has a market capitalization of $99.32 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, October 24th. The conglomerate reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Danaher Co. will post 4.78 EPS for the current 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 paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a yield of 0.50%. Danaher’s dividend payout ratio (DPR) is currently 15.04%.

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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