Parsons Capital Management Inc. RI lowered its position in shares of Danaher Corporation (NYSE:DHR) by 3.4% during the first quarter, Holdings Channel reports. The fund owned 57,525 shares of the conglomerate’s stock after selling 2,005 shares during the period. Parsons Capital Management Inc. RI’s holdings in Danaher Corporation were worth $4,920,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Peddock Capital Advisors LLC increased its stake in shares of 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. Proficio Capital Partners LLC increased its stake in shares of Danaher Corporation by 92.3% in the first quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock worth $105,000 after buying an additional 598 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Danaher Corporation during the first quarter worth approximately $157,000. Motco increased its stake in shares of 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. Finally, Baystate Wealth Management LLC increased its stake in shares of 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. 76.12% of the stock is owned by institutional investors.

Danaher Corporation (DHR) traded down 0.05% during trading on Friday, hitting $80.87. The stock had a trading volume of 2,861,306 shares. The company has a 50-day moving average price of $82.32 and a 200-day moving average price of $84.22. The company has a market cap of $56.18 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01.

Danaher Corporation (NYSE:DHR) last posted its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. Danaher Corporation’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Equities research analysts forecast that Danaher Corporation will post $3.95 EPS for the current year.

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A number of brokerages recently commented on DHR. Wells Fargo & Company began coverage on Danaher Corporation in a research report on Thursday, July 13th. They set a “market perform” rating and a $90.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Danaher Corporation in a research report on Friday, August 4th. BidaskClub downgraded Danaher Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Danaher Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BTIG Research reaffirmed a “buy” rating and set a $92.00 price target on shares of Danaher Corporation in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $91.76.

In other news, insider William King sold 7,458 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $82.97, for a total value of $618,790.26. Following the completion of the sale, the insider now directly owns 18,245 shares in the company, valued at approximately $1,513,787.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela S. Lalor sold 10,815 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was 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 owns 39,020 shares of the company’s stock, valued at $3,283,923.20. The disclosure for this sale can be found here. Insiders sold a total of 38,623 shares of company stock valued at $3,206,426 over the last 90 days. 12.20% of the stock is currently 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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Institutional Ownership by Quarter for Danaher Corporation (NYSE:DHR)

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