Evercore Wealth Management LLC lowered its holdings in Danaher Co. (NYSE:DHR) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,343 shares of the conglomerate’s stock after selling 1,915 shares during the quarter. Evercore Wealth Management LLC’s holdings in Danaher were worth $3,189,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV raised its stake in shares of Danaher by 2.4% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 71,651 shares of the conglomerate’s stock worth $7,786,000 after acquiring an additional 1,651 shares in the last quarter. Mitchell Capital Management Co. raised its stake in shares of Danaher by 31.6% during the 2nd quarter. Mitchell Capital Management Co. now owns 7,962 shares of the conglomerate’s stock worth $786,000 after acquiring an additional 1,914 shares in the last quarter. Bainco International Investors raised its stake in shares of Danaher by 2.6% during the 3rd quarter. Bainco International Investors now owns 66,878 shares of the conglomerate’s stock worth $7,267,000 after acquiring an additional 1,725 shares in the last quarter. Inverness Counsel LLC NY raised its stake in shares of Danaher by 0.5% during the 3rd quarter. Inverness Counsel LLC NY now owns 416,828 shares of the conglomerate’s stock worth $45,293,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Private Wealth Partners LLC raised its stake in shares of Danaher by 14.3% during the 2nd quarter. Private Wealth Partners LLC now owns 95,800 shares of the conglomerate’s stock worth $9,454,000 after acquiring an additional 11,961 shares in the last quarter. Institutional investors and hedge funds own 77.09% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Wednesday, September 19th. Morgan Stanley boosted their target price on shares of Danaher from $122.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 10th. Robert W. Baird dropped their target price on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $102.00 target price on shares of Danaher in a research report on Wednesday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Danaher presently has an average rating of “Buy” and a consensus target price of $112.15.
NYSE:DHR opened at $98.48 on Friday. The company has a market cap of $70.55 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. Danaher Co. has a twelve month low of $91.84 and a twelve month high of $110.86.
Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Danaher Co. will post 4.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, December 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, December 27th. Danaher’s dividend payout ratio is presently 15.88%.
In other Danaher news, SVP Robert S. Lutz sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $103.80, for a total transaction of $1,557,000.00. Following the completion of the transaction, the senior vice president now directly owns 33,044 shares in the company, valued at $3,429,967.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William King sold 53,433 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $101.64, for a total transaction of $5,430,930.12. Following the transaction, the insider now owns 36,425 shares of the company’s stock, valued at $3,702,237. The disclosure for this sale can be found here. Insiders have sold 150,007 shares of company stock valued at $15,202,163 over the last 90 days. 11.90% of the stock is currently owned by company insiders.
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Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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