Perigon Wealth Management LLC Sells 214 Shares of Danaher Co. (NYSE:DHR)

Perigon Wealth Management LLC lessened its position in Danaher Co. (NYSE:DHR) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,567 shares of the conglomerate’s stock after selling 214 shares during the quarter. Perigon Wealth Management LLC’s holdings in Danaher were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHR. Capital International Investors increased its stake in Danaher by 10.0% during the 1st quarter. Capital International Investors now owns 6,802,713 shares of the conglomerate’s stock valued at $941,564,000 after purchasing an additional 619,550 shares in the last quarter. Parnassus Investments CA boosted its stake in Danaher by 0.7% in the 1st quarter. Parnassus Investments CA now owns 4,876,638 shares of the conglomerate’s stock valued at $674,975,000 after buying an additional 33,333 shares in the last quarter. Legal & General Group Plc boosted its stake in Danaher by 6.1% in the 1st quarter. Legal & General Group Plc now owns 4,219,359 shares of the conglomerate’s stock valued at $584,323,000 after buying an additional 241,613 shares in the last quarter. Fred Alger Management LLC boosted its stake in Danaher by 4.6% in the first quarter. Fred Alger Management LLC now owns 3,508,036 shares of the conglomerate’s stock worth $485,547,000 after purchasing an additional 155,156 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Danaher by 11.3% in the first quarter. Pictet Asset Management Ltd. now owns 3,461,644 shares of the conglomerate’s stock worth $479,126,000 after purchasing an additional 351,689 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on DHR. Royal Bank of Canada boosted their price objective on Danaher from $205.00 to $218.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Robert W. Baird boosted their price objective on Danaher from $163.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Stifel Nicolaus boosted their price objective on Danaher from $170.00 to $210.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Wells Fargo & Co boosted their price objective on Danaher from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Citigroup boosted their price objective on Danaher from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Danaher presently has a consensus rating of “Buy” and a consensus target price of $197.73.

In other Danaher news, CEO Thomas Patrick Joyce, Jr. sold 181,394 shares of Danaher stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $193.98, for a total transaction of $35,186,808.12. Following the transaction, the chief executive officer now directly owns 285,569 shares of the company’s stock, valued at approximately $55,394,674.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mitchell P. Rales bought 1,226 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $163.00 per share, for a total transaction of $199,838.00. Following the completion of the acquisition, the chairman now directly owns 2,236,454 shares in the company, valued at approximately $364,542,002. The disclosure for this purchase can be found here. In the last three months, insiders have sold 498,929 shares of company stock worth $94,446,919. 11.70% of the stock is currently owned by company insiders.

NYSE DHR opened at $203.80 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 0.68. Danaher Co. has a twelve month low of $119.60 and a twelve month high of $204.13. The company has a market cap of $142.15 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. The business’s fifty day moving average is $182.24 and its 200 day moving average is $161.95.

Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.35. Danaher had a return on equity of 11.88% and a net margin of 17.73%. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the business posted $1.09 EPS. Danaher’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Danaher Co. will post 5.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, June 26th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, June 25th. Danaher’s dividend payout ratio (DPR) is 16.29%.

About Danaher

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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