Tandem Capital Management Corp ADV lifted its position in Danaher Co. (NYSE:DHR) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,016 shares of the conglomerate’s stock after acquiring an additional 130 shares during the quarter. Danaher accounts for approximately 2.6% of Tandem Capital Management Corp ADV’s investment portfolio, making the stock its 8th largest holding. Tandem Capital Management Corp ADV’s holdings in Danaher were worth $3,830,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Camden National Bank grew its stake in Danaher by 1.1% in the fourth quarter. Camden National Bank now owns 5,817 shares of the conglomerate’s stock valued at $1,292,000 after purchasing an additional 65 shares during the last quarter. Wade G W & Inc. purchased a new position in Danaher in the fourth quarter valued at about $288,000. Reilly Financial Advisors LLC grew its stake in Danaher by 44.3% in the fourth quarter. Reilly Financial Advisors LLC now owns 472 shares of the conglomerate’s stock valued at $105,000 after purchasing an additional 145 shares during the last quarter. Baker Tilly Financial LLC purchased a new position in Danaher in the fourth quarter valued at about $314,000. Finally, GSA Capital Partners LLP purchased a new position in Danaher in the fourth quarter valued at about $548,000. Hedge funds and other institutional investors own 77.57% of the company’s stock.
NYSE:DHR traded down $0.07 during trading hours on Friday, reaching $246.19. The company had a trading volume of 67,106 shares, compared to its average volume of 2,557,610. Danaher Co. has a 1-year low of $164.51 and a 1-year high of $261.43. The company has a market capitalization of $175.60 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 1.50 and a beta of 0.69. The stock has a 50 day moving average price of $247.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.70 and a current ratio of 2.05.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Friday, June 25th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, June 24th. Danaher’s payout ratio is 13.31%.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Danaher from a “hold” rating to a “sell” rating and set a $241.00 target price on the stock. in a research note on Friday, April 9th. William Blair restated an “outperform” rating on shares of Danaher in a research note on Monday, April 26th. Royal Bank of Canada boosted their price target on Danaher from $253.00 to $285.00 and gave the stock a “sector perform” rating in a research note on Friday, April 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on Danaher from $275.00 to $315.00 in a research note on Friday, April 23rd. Finally, Robert W. Baird boosted their price target on Danaher from $249.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Danaher presently has an average rating of “Buy” and an average price target of $265.63.
In related news, SVP Angela S. Lalor sold 3,092 shares of the stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $255.79, for a total value of $790,902.68. Following the completion of the transaction, the senior vice president now directly owns 30,937 shares of the company’s stock, valued at approximately $7,913,375.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert S. Lutz sold 6,006 shares of the stock in a transaction on Friday, May 21st. The shares were sold at an average price of $254.75, for a total value of $1,530,028.50. Following the completion of the transaction, the chief accounting officer now directly owns 18,476 shares of the company’s stock, valued at $4,706,761. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,165 shares of company stock valued at $9,051,818. Corporate insiders own 11.40% of the company’s stock.
Danaher Company 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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