Tradewinds Capital Management LLC Maintains Stake in Danaher Corp. (DHR)
Tradewinds Capital Management LLC maintained its stake in Danaher Corp. (NYSE:DHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,428 shares of the company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Danaher Corp. were worth $548,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new stake in Danaher Corp. during the second quarter worth approximately $132,000. Carnick & Kubik LLC bought a new stake in Danaher Corp. during the first quarter worth approximately $171,000. Integrated Investment Consultants LLC bought a new stake in Danaher Corp. during the second quarter worth approximately $179,000. Washington Trust Bank increased its stake in Danaher Corp. by 88.4% in the second quarter. Washington Trust Bank now owns 1,950 shares of the company’s stock worth $197,000 after buying an additional 915 shares during the period. Finally, Cohen Lawrence B bought a new stake in Danaher Corp. during the second quarter worth approximately $200,000. 75.73% of the stock is owned by institutional investors and hedge funds.
Shares of Danaher Corp. (NYSE:DHR) traded up 0.96% during mid-day trading on Wednesday, hitting $77.16. 2,788,899 shares of the stock traded hands. The company has a market cap of $53.28 billion, a P/E ratio of 15.35 and a beta of 1.13. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The firm has a 50 day moving average of $77.85 and a 200 day moving average of $76.92.
Danaher Corp. (NYSE:DHR) last issued its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.03. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The firm earned $5.80 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Danaher Corp. will post $3.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a yield of 0.65%. Danaher Corp.’s dividend payout ratio is presently 9.94%.
A number of equities research analysts have commented on DHR shares. Jefferies Group lifted their target price on shares of Danaher Corp. from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $105.00 target price on shares of Danaher Corp. in a research report on Thursday, June 30th. Argus reissued a “buy” rating and set a $90.00 price objective (down previously from $110.00) on shares of Danaher Corp. in a research report on Thursday, July 28th. Morgan Stanley reissued a “buy” rating and set a $86.00 price objective on shares of Danaher Corp. in a research report on Wednesday, August 31st. Finally, Vetr raised shares of Danaher Corp. from a “hold” rating to a “buy” rating and set a $81.69 price objective for the company in a research report on Monday, September 12th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Danaher Corp. has an average rating of “Buy” and a consensus target price of $92.87.
In related news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the sale, the insider now owns 179,054 shares in the company, valued at $14,582,157.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Daniel L. Comas sold 96,446 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the sale, the chief financial officer now owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
About Danaher Corp.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.
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