Level Four Advisory Services LLC Boosts Position in Danaher Corporation (NYSE:DHR)
Level Four Advisory Services LLC boosted its position in shares of Danaher Corporation (NYSE:DHR) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 10,206 shares of the conglomerate’s stock after buying an additional 322 shares during the period. Level Four Advisory Services LLC’s holdings in Danaher Corporation were worth $874,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC boosted its stake in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock worth $105,000 after buying an additional 181 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Danaher Corporation during the first quarter worth about $157,000. Motco boosted its stake in Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock worth $158,000 after buying an additional 390 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock worth $163,000 after buying an additional 60 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its stake in Danaher Corporation by 5.3% in the first quarter. Cedar Wealth Management LLC now owns 2,286 shares of the conglomerate’s stock worth $196,000 after buying an additional 115 shares during the last quarter. 76.56% of the stock is owned by hedge funds and other institutional investors.
Danaher Corporation (NYSE:DHR) traded down 1.25% during trading on Thursday, hitting $79.23. The company had a trading volume of 959,287 shares. The stock has a 50-day moving average of $83.27 and a 200-day moving average of $84.25. The stock has a market capitalization of $55.04 billion, a PE ratio of 25.29 and a beta of 1.03. Danaher Corporation has a one year low of $75.71 and a one year high of $88.01.
Danaher Corporation (NYSE:DHR) last released its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
A number of analysts recently issued reports on DHR shares. Deutsche Bank AG reissued a “buy” rating and set a $97.00 price objective on shares of Danaher Corporation in a research report on Wednesday, June 21st. Credit Suisse Group reissued a “buy” rating and set a $93.00 price objective on shares of Danaher Corporation in a research report on Wednesday, May 24th. BTIG Research reissued a “buy” rating and set a $92.00 price objective on shares of Danaher Corporation in a research report on Sunday, April 23rd. Citigroup Inc. set a $96.00 price objective on Danaher Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research raised Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $91.76.
In other news, SVP Angela S. Lalor sold 10,815 shares of Danaher Corporation stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total value of $910,190.40. Following the completion of the sale, the senior vice president now directly owns 39,020 shares in the company, valued at $3,283,923.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William King sold 7,458 shares of Danaher Corporation stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the completion of the sale, the insider now owns 18,245 shares of the company’s stock, valued at $1,513,787.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,623 shares of company stock valued at $3,206,426. 12.20% of the stock is owned by company insiders.
Danaher Corporation Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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