Signaturefd LLC Acquires New Position in Danaher Corporation (NYSE:DHR)
Signaturefd LLC acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 2,751 shares of the conglomerate’s stock, valued at approximately $235,000.
Several other hedge funds have also modified their holdings of DHR. Tompkins Financial Corp raised its position in shares of Danaher Corporation by 3.6% in the first quarter. Tompkins Financial Corp now owns 11,087 shares of the conglomerate’s stock worth $1,052,000 after buying an additional 387 shares during the period. Fox Run Management L.L.C. raised its position in shares of Danaher Corporation by 48.9% in the first quarter. Fox Run Management L.L.C. now owns 7,000 shares of the conglomerate’s stock worth $599,000 after buying an additional 2,300 shares during the period. Eastern Bank raised its position in shares of Danaher Corporation by 3.1% in the first quarter. Eastern Bank now owns 2,915 shares of the conglomerate’s stock worth $249,000 after buying an additional 87 shares during the period. BLB&B Advisors LLC raised its position in shares of Danaher Corporation by 2.2% in the first quarter. BLB&B Advisors LLC now owns 23,293 shares of the conglomerate’s stock worth $1,992,000 after buying an additional 500 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of Danaher Corporation during the first quarter worth about $304,000. Hedge funds and other institutional investors own 76.56% of the company’s stock.
Danaher Corporation (NYSE:DHR) traded up 0.88% during mid-day trading on Friday, hitting $79.99. 929,441 shares of the stock traded hands. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The stock’s 50 day moving average is $83.07 and its 200-day moving average is $84.21. The company has a market cap of $55.57 billion, a price-to-earnings ratio of 25.53 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last announced its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the business earned $0.90 earnings per share. Danaher Corporation’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
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A number of equities analysts have weighed in on DHR shares. Janney Montgomery Scott lowered Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. BidaskClub upgraded Danaher Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and set a $97.00 price objective on shares of Danaher Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $93.00 price objective on shares of Danaher Corporation in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $91.76.
In other Danaher Corporation news, SVP Angela S. Lalor sold 10,815 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total transaction of $910,190.40. Following the transaction, the senior vice president now owns 39,020 shares of the company’s stock, valued at $3,283,923.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.78, for a total transaction of $799,154.16. Following the transaction, the insider now directly owns 155,520 shares in the company, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,623 shares of company stock worth $3,206,426. 12.20% of the stock is owned by company insiders.
About Danaher Corporation
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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