Harfst & Associates Inc. Buys New Stake in Danaher Corporation (DHR)

Harfst & Associates Inc. purchased a new stake in Danaher Corporation (NYSE:DHR) during the first quarter, according to its most recent filing with the SEC. The firm purchased 2,399 shares of the conglomerate’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC increased its stake in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock worth $105,000 after buying an additional 181 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in Danaher Corporation during the first quarter worth approximately $157,000. Motco boosted its stake in Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock valued at $158,000 after buying an additional 390 shares during the period. Baystate Wealth Management LLC boosted its stake in Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock valued at $163,000 after buying an additional 60 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in Danaher Corporation by 5.3% in the first quarter. Cedar Wealth Management LLC now owns 2,286 shares of the conglomerate’s stock valued at $196,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Danaher Corporation (DHR) traded down 0.05% during midday trading on Friday, reaching $80.87. 2,861,306 shares of the company’s stock traded hands. The stock has a market capitalization of $56.18 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03. Danaher Corporation has a 52 week low of $75.71 and a 52 week high of $88.01. The company’s 50-day moving average price is $82.32 and its 200 day moving average price is $84.22.

Danaher Corporation (NYSE:DHR) last posted its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. On average, equities research analysts expect that Danaher Corporation will post $3.95 earnings per share for the current year.

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A number of research firms recently weighed in on DHR. Janney Montgomery Scott cut shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub raised shares of Danaher Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Deutsche Bank AG reissued a “buy” rating and issued a $97.00 price target on shares of Danaher Corporation in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $93.00 price target on shares of Danaher Corporation in a research report on Wednesday, May 24th. One 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. The stock presently has a consensus rating of “Buy” and an average price target of $91.76.

In related news, Director Linda P. Hefner sold 10,578 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $83.03, for a total value of $878,291.34. Following the completion of the transaction, the director now directly owns 42,151 shares in the company, 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 business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total value of $910,190.40. Following the completion of the transaction, the senior vice president now owns 39,020 shares of the company’s stock, 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 valued at $3,206,426 over the last 90 days. Corporate insiders own 12.20% of the company’s stock.

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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