Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Danaher Co. (NYSE:DHR) by 14.9% during the 2nd quarter, Holdings Channel reports. The fund owned 4,450 shares of the conglomerate’s stock after purchasing an additional 576 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Danaher were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Successful Portfolios LLC grew its holdings in Danaher by 5.0% in the second quarter. Successful Portfolios LLC now owns 1,563 shares of the conglomerate’s stock valued at $276,000 after purchasing an additional 74 shares during the period. Investment House LLC grew its holdings in Danaher by 4.3% in the second quarter. Investment House LLC now owns 6,612 shares of the conglomerate’s stock valued at $1,169,000 after purchasing an additional 275 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Danaher by 12.0% in the second quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,868 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 200 shares during the period. Perkins Coie Trust Co grew its holdings in Danaher by 1.5% in the second quarter. Perkins Coie Trust Co now owns 28,783 shares of the conglomerate’s stock valued at $5,090,000 after purchasing an additional 416 shares during the period. Finally, Vigilant Capital Management LLC grew its holdings in Danaher by 237.5% in the second quarter. Vigilant Capital Management LLC now owns 675 shares of the conglomerate’s stock valued at $119,000 after purchasing an additional 475 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
In other Danaher news, Chairman Mitchell P. Rales bought 141,420 shares of Danaher stock in a transaction on Friday, May 29th. The shares were bought at an average price of $164.69 per share, for a total transaction of $23,290,459.80. Following the completion of the transaction, the chairman now directly owns 2,298,302 shares of the company’s stock, valued at $378,507,356.38. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rainer Blair sold 3,330 shares of Danaher stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $165.96, for a total value of $552,646.80. Following the completion of the sale, the executive vice president now directly owns 36,256 shares of the company’s stock, valued at $6,017,045.76. The disclosure for this sale can be found here. Insiders sold 85,318 shares of company stock worth $13,941,119 in the last 90 days. Company insiders own 11.70% of the company’s stock.
Danaher stock traded down $0.26 during trading on Tuesday, reaching $182.15. 250,143 shares of the company were exchanged, compared to its average volume of 2,252,110. Danaher Co. has a 52-week low of $119.60 and a 52-week high of $187.19. The company has a market capitalization of $126.70 billion, a P/E ratio of 41.28, a PEG ratio of 4.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.32 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $172.60 and its two-hundred day simple moving average is $158.41.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Danaher had a return on equity of 11.52% and a net margin of 16.85%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the business posted $1.07 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Danaher Co. will post 4.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.72 dividend on an annualized basis and a yield of 0.40%. Danaher’s dividend payout ratio is currently 16.29%.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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