Wafra Investment Advisory Group Inc. NY maintained its position in Danaher Corporation (NYSE:DHR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,682 shares of the conglomerate’s stock at the end of the first quarter. Wafra Investment Advisory Group Inc. NY’s holdings in Danaher Corporation were worth $1,256,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Israel Discount Bank of New York bought a new position in Danaher Corporation during the first quarter worth approximately $209,000. DE Burlo Group Inc. increased its stake in Danaher Corporation by 17.8% in the first quarter. DE Burlo Group Inc. now owns 131,450 shares of the conglomerate’s stock worth $11,242,000 after buying an additional 19,900 shares during the period. Exane Derivatives acquired a new stake in Danaher Corporation during the first quarter worth about $838,000. Bronfman E.L. Rothschild L.P. boosted its position in Danaher Corporation by 30.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 17,947 shares of the conglomerate’s stock worth $1,535,000 after buying an additional 4,219 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in Danaher Corporation by 52.5% in the first quarter. Toronto Dominion Bank now owns 177,994 shares of the conglomerate’s stock worth $15,225,000 after buying an additional 61,239 shares in the last quarter. 76.12% of the stock is owned by institutional investors.
Shares of Danaher Corporation (DHR) opened at 80.87 on Friday. The stock has a market capitalization of $56.18 billion, a P/E ratio of 25.81 and a beta of 1.03. The stock’s 50 day moving average price is $82.32 and its 200-day moving average price is $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 released its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts anticipate that Danaher Corporation will post $3.95 EPS for the current fiscal year.
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A number of equities analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub cut Danaher Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday, July 28th. Wells Fargo & Company restated a “market perform” rating on shares of Danaher Corporation in a research note on Saturday, July 22nd. Finally, Citigroup Inc. set a $96.00 target price on Danaher Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.76.
In other news, SVP Angela S. Lalor sold 10,815 shares of Danaher Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total transaction of $910,190.40. Following the transaction, the senior vice president now owns 39,020 shares in the company, valued at approximately $3,283,923.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of Danaher Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.78, for a total transaction of $799,154.16. Following the transaction, the insider now owns 155,520 shares in the company, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,623 shares of company stock valued at $3,206,426. 12.20% of the stock is currently owned by company 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.
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