Nisa Investment Advisors LLC lowered its stake in Danaher Corporation (NYSE:DHR) by 14.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 192,761 shares of the conglomerate’s stock after selling 33,854 shares during the period. Nisa Investment Advisors LLC’s holdings in Danaher Corporation were worth $16,283,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Lau Associates LLC boosted its stake in shares of Danaher Corporation by 4.4% in the first quarter. Lau Associates LLC now owns 12,571 shares of the conglomerate’s stock valued at $1,075,000 after buying an additional 525 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Danaher Corporation by 8.9% in the first quarter. Toth Financial Advisory Corp now owns 8,836 shares of the conglomerate’s stock valued at $756,000 after buying an additional 721 shares during the last quarter. Searle & CO. purchased a new stake in shares of Danaher Corporation during the fourth quarter valued at approximately $233,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Danaher Corporation during the fourth quarter valued at about $1,534,000. Finally, Kentucky Retirement Systems acquired a new position in Danaher Corporation during the fourth quarter valued at about $3,438,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
Danaher Corporation (NYSE:DHR) traded down 0.05% during midday trading on Friday, hitting $80.87. 2,861,306 shares of the company traded hands. The firm has a market capitalization of $56.18 billion, a PE ratio of 25.81 and a beta of 1.03. The stock’s 50-day moving average is $82.32 and its 200-day moving average is $84.22. Danaher Corporation has a 12-month low of $75.71 and a 12-month high of $88.01.
Danaher Corporation (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $4.51 billion during 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 company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share. Analysts anticipate that Danaher Corporation will post $3.95 EPS for the current fiscal year.
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Several research firms have issued reports on DHR. Wells Fargo & Company restated a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a research report on Friday, August 4th. BidaskClub lowered shares of Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Credit Suisse Group restated a “buy” rating and issued a $93.00 price target on shares of Danaher Corporation in a research report on Wednesday, May 24th. Finally, Janney Montgomery Scott lowered shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $91.76.
In other Danaher Corporation news, SVP Angela S. Lalor sold 10,815 shares of the stock in a transaction 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 sale, the senior vice president now owns 39,020 shares in the company, valued at $3,283,923.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda P. Hefner sold 10,578 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $83.03, for a total transaction of $878,291.34. Following the completion of the sale, the director now owns 42,151 shares of the company’s stock, valued at approximately $3,499,797.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,623 shares of company stock valued at $3,206,426. Corporate insiders own 12.20% of the company’s stock.
About Danaher Corporation
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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