Silvercrest Asset Management Group LLC grew its holdings in shares of Danaher Co. (NYSE:DHR) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,823 shares of the conglomerate’s stock after acquiring an additional 10,524 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Danaher were worth $21,841,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Danaher by 1.4% in the second quarter. Vanguard Group Inc. now owns 48,262,218 shares of the conglomerate’s stock worth $6,897,635,000 after purchasing an additional 686,421 shares in the last quarter. Northern Trust Corp grew its stake in Danaher by 0.5% in the second quarter. Northern Trust Corp now owns 8,929,430 shares of the conglomerate’s stock worth $1,276,194,000 after purchasing an additional 41,740 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Danaher by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 5,753,246 shares of the conglomerate’s stock worth $822,255,000 after purchasing an additional 188,752 shares in the last quarter. Jennison Associates LLC grew its stake in Danaher by 38.4% in the second quarter. Jennison Associates LLC now owns 5,135,358 shares of the conglomerate’s stock worth $733,945,000 after purchasing an additional 1,424,328 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Danaher by 3.7% in the first quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock worth $488,549,000 after purchasing an additional 133,300 shares in the last quarter. Institutional investors own 78.43% of the company’s stock.
A number of equities analysts recently commented on DHR shares. Needham & Company LLC reiterated a “buy” rating and issued a $155.00 price target (up from $142.00) on shares of Danaher in a research note on Friday, July 19th. Piper Jaffray Companies lifted their price target on Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Wolfe Research started coverage on shares of Danaher in a report on Thursday, May 30th. They issued an “outperform” rating on the stock. Royal Bank of Canada set a $134.00 target price on shares of Danaher and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, Argus raised their target price on shares of Danaher to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $143.54.
NYSE DHR traded up $0.60 during trading hours on Wednesday, reaching $142.93. The company’s stock had a trading volume of 158,307 shares, compared to its average volume of 1,945,886. The company has a current ratio of 2.32, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $140.03 and a 200 day simple moving average of $135.62. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $145.50. The stock has a market cap of $102.52 billion, a PE ratio of 31.61, a PEG ratio of 2.54 and a beta of 0.94.
Danaher (NYSE:DHR) last issued its earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the company posted $1.15 earnings per share. Danaher’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Danaher Co. will post 4.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.48%. Danaher’s dividend payout ratio (DPR) is presently 15.04%.
In other news, EVP Daniel L. Comas sold 68,379 shares of Danaher stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $142.05, for a total transaction of $9,713,236.95. Following the sale, the executive vice president now owns 187,474 shares of the company’s stock, valued at $26,630,681.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 70,544 shares of Danaher stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $141.77, for a total value of $10,001,022.88. Following the sale, the insider now directly owns 271,023 shares in the company, valued at approximately $38,422,930.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,202 shares of company stock worth $25,175,829. Corporate insiders own 11.40% of the company’s stock.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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