Danaher Corporation (NYSE:DHR) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC decreased its position in shares of Danaher Corporation (NYSE:DHR) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,162 shares of the conglomerate’s stock after selling 124 shares during the period. Cedar Wealth Management LLC’s holdings in Danaher Corporation were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHR. Lee Danner & Bass Inc. boosted its position in shares of Danaher Corporation by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 2,635 shares of the conglomerate’s stock worth $225,000 after buying an additional 10 shares during the last quarter. Norway Savings Bank boosted its position in shares of Danaher Corporation by 0.4% in the second quarter. Norway Savings Bank now owns 2,238 shares of the conglomerate’s stock worth $189,000 after buying an additional 10 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Danaher Corporation by 0.6% in the first quarter. Rehmann Capital Advisory Group now owns 2,959 shares of the conglomerate’s stock worth $253,000 after buying an additional 19 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Danaher Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 2,605 shares of the conglomerate’s stock worth $223,000 after buying an additional 21 shares during the last quarter. Finally, First Financial Corp IN boosted its position in shares of Danaher Corporation by 0.8% in the second quarter. First Financial Corp IN now owns 2,720 shares of the conglomerate’s stock worth $230,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Shares of Danaher Corporation (NYSE DHR) traded down 0.05% during mid-day trading on Friday, hitting $80.87. The company had a trading volume of 2,861,306 shares. The company has a market capitalization of $56.18 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03. The company has a 50-day moving average price of $82.32 and a 200-day moving average price of $84.22. Danaher Corporation has a 1-year low of $75.71 and a 1-year high of $88.01.

Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.

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A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $88.00 price objective (down previously from $89.00) on shares of Danaher Corporation in a research note on Friday, April 21st. BidaskClub cut Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Danaher Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. set a $96.00 price objective on Danaher Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Janney Montgomery Scott cut Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Danaher Corporation has an average rating of “Buy” and a consensus price target of $91.76.

In other Danaher Corporation news, Director Linda P. Hefner sold 10,578 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $83.03, for a total transaction of $878,291.34. Following the sale, the director now directly owns 42,151 shares of the company’s stock, valued at approximately $3,499,797.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela S. Lalor sold 10,815 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $84.16, for a total value of $910,190.40. Following the sale, the senior vice president now directly owns 39,020 shares in the company, valued at $3,283,923.20. The disclosure for this sale can be found here. Insiders have sold a total of 38,623 shares of company stock worth $3,206,426 over the last ninety days. 12.20% of the stock is owned by insiders.

Danaher Corporation Company Profile

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.

Institutional Ownership by Quarter for Danaher Corporation (NYSE:DHR)

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