JJJ Advisors Inc. Has $172,000 Stock Holdings in Danaher Co. (NYSE:DHR)


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JJJ Advisors Inc. lessened its stake in Danaher Co. (NYSE:DHR) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 766 shares of the conglomerate’s stock after selling 74 shares during the quarter. JJJ Advisors Inc.’s holdings in Danaher were worth $172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHR. Advisory Services Network LLC increased its stake in shares of Danaher by 68.1% in the 4th quarter. Advisory Services Network LLC now owns 8,712 shares of the conglomerate’s stock valued at $1,935,000 after purchasing an additional 3,530 shares during the last quarter. Dorsey Wright & Associates grew its stake in shares of Danaher by 7.3% during the fourth quarter. Dorsey Wright & Associates now owns 20,314 shares of the conglomerate’s stock worth $4,513,000 after buying an additional 1,382 shares during the last quarter. Financial Consulate Inc. raised its stake in shares of Danaher by 10.4% during the fourth quarter. Financial Consulate Inc. now owns 3,101 shares of the conglomerate’s stock valued at $689,000 after acquiring an additional 291 shares during the last quarter. Dudley & Shanley Inc. raised its stake in Danaher by 29.6% during the fourth quarter. Dudley & Shanley Inc. now owns 82,830 shares of the conglomerate’s stock worth $18,400,000 after buying an additional 18,930 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its position in shares of Danaher by 15.3% during the 4th quarter. Gilbert & Cook Inc. now owns 1,979 shares of the conglomerate’s stock worth $438,000 after purchasing an additional 263 shares in the last quarter. 78.00% of the stock is owned by institutional investors and hedge funds.

In other Danaher news, SVP Angela S. Lalor sold 6,437 shares of the stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $244.70, for a total value of $1,575,133.90. Following the transaction, the senior vice president now directly owns 25,148 shares in the company, valued at $6,153,715.60. 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 3,092 shares of Danaher stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $255.79, for a total value of $790,902.68. Following the sale, the senior vice president now owns 30,937 shares in the company, valued at approximately $7,913,375.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,698 shares of company stock worth $6,808,687. Corporate insiders own 11.70% of the company’s stock.

A number of equities research analysts recently issued reports on DHR shares. William Blair reiterated an “outperform” rating on shares of Danaher in a research report on Monday, April 26th. Citigroup lifted their price objective on Danaher from $275.00 to $315.00 in a research report on Friday, April 23rd. Credit Suisse Group raised their price target on shares of Danaher from $260.00 to $264.00 and gave the company an “outperform” rating in a report on Thursday, January 14th. KeyCorp increased their price target on Danaher from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Finally, Zacks Investment Research lowered Danaher from a “hold” rating to a “sell” rating and set a $241.00 price objective for the company. in a research note on Friday, April 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $265.63.

Danaher stock traded up $0.23 during trading hours on Tuesday, hitting $254.90. The company had a trading volume of 11,061 shares, compared to its average volume of 2,598,075. Danaher Co. has a 1 year low of $155.61 and a 1 year high of $260.37. The firm has a market cap of $181.81 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.92 and a beta of 0.72. The company has a 50-day moving average price of $234.48 and a two-hundred day moving average price of $230.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.68 and a current ratio of 2.08.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Wednesday, April 21st. The conglomerate reported $2.52 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Danaher’s quarterly revenue was up 58.2% on a year-over-year basis. As a group, equities research analysts anticipate that Danaher Co. will post 6.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, March 26th were issued a $0.21 dividend. This is a boost from Danaher’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 0.33%. The ex-dividend date was Thursday, March 25th. Danaher’s dividend payout ratio is presently 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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