Danaher Co. (NYSE:DHR) Shares Purchased by Park Avenue Securities LLC


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Park Avenue Securities LLC lifted its holdings in shares of Danaher Co. (NYSE:DHR) by 4.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,243 shares of the conglomerate’s stock after buying an additional 1,209 shares during the quarter. Park Avenue Securities LLC’s holdings in Danaher were worth $5,907,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DHR. Lindbrook Capital LLC raised its stake in shares of Danaher by 3.3% during the first quarter. Lindbrook Capital LLC now owns 2,043 shares of the conglomerate’s stock worth $460,000 after purchasing an additional 66 shares during the last quarter. James Hambro & Partners raised its holdings in Danaher by 150.3% during the first quarter. James Hambro & Partners now owns 3,454 shares of the conglomerate’s stock worth $778,000 after purchasing an additional 2,074 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Danaher by 9.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 495,631 shares of the conglomerate’s stock valued at $110,692,000 after purchasing an additional 44,632 shares in the last quarter. Cypress Wealth Services LLC raised its stake in shares of Danaher by 4.5% during the 1st quarter. Cypress Wealth Services LLC now owns 1,395 shares of the conglomerate’s stock worth $314,000 after buying an additional 60 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Danaher by 14.9% in the first quarter. J.W. Cole Advisors Inc. now owns 2,184 shares of the conglomerate’s stock valued at $492,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 78.00% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Danaher from a “hold” rating to a “sell” rating and set a $241.00 price objective on the stock. in a report on Friday, April 9th. Citigroup lifted their price target on shares of Danaher from $275.00 to $315.00 in a report on Friday, April 23rd. William Blair reiterated an “outperform” rating on shares of Danaher in a report on Monday, April 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on Danaher from $275.00 to $315.00 in a research note on Friday, April 23rd. Finally, Credit Suisse Group increased their target price on shares of Danaher from $260.00 to $264.00 and gave the stock an “outperform” rating in a research report on Thursday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $265.63.

In related news, SVP Angela S. Lalor sold 3,092 shares of the business’s stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $255.79, for a total transaction of $790,902.68. Following the transaction, the senior vice president now directly owns 30,937 shares of the company’s stock, valued at $7,913,375.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela S. Lalor sold 6,437 shares of the firm’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $244.70, for a total value of $1,575,133.90. Following the sale, the senior vice president now directly owns 25,148 shares of the company’s stock, valued at $6,153,715.60. The disclosure for this sale can be found here. Insiders have sold 26,698 shares of company stock valued at $6,808,687 over the last 90 days. 11.70% of the stock is currently owned by insiders.

DHR stock traded up $0.23 during trading on Tuesday, hitting $254.90. 11,061 shares of the company’s stock traded hands, compared to its average volume of 2,598,075. The company has a quick ratio of 1.68, a current ratio of 2.08 and a debt-to-equity ratio of 0.63. Danaher Co. has a 52 week low of $155.61 and a 52 week high of $260.37. The stock has a fifty day moving average price of $234.48 and a two-hundred day moving average price of $230.73. The stock has a market capitalization of $181.81 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 1.92 and a beta of 0.72.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Wednesday, April 21st. The conglomerate reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.85. Danaher had a net margin of 18.05% and a return on equity of 12.94%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 58.2% compared to the same quarter last year. As a group, equities research analysts expect that Danaher Co. will post 6.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Friday, March 26th were given a dividend of $0.21 per share. This is a positive change from Danaher’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 25th. This represents a $0.84 annualized dividend and a dividend yield of 0.33%. Danaher’s dividend payout ratio (DPR) is 19.00%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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