Danaher Corporation (DHR) Stake Maintained by Tradewinds Capital Management LLC
Tradewinds Capital Management LLC maintained its stake in Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,868 shares of the conglomerate’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Danaher Corporation were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of Danaher Corporation by 29.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 656,467 shares of the conglomerate’s stock valued at $55,399,000 after purchasing an additional 150,400 shares in the last quarter. Arrow Financial Corp increased its holdings in shares of Danaher Corporation by 2.3% in the 2nd quarter. Arrow Financial Corp now owns 2,264 shares of the conglomerate’s stock valued at $191,000 after purchasing an additional 51 shares in the last quarter. Global X Management Co. LLC increased its holdings in shares of Danaher Corporation by 14.5% in the 2nd quarter. Global X Management Co. LLC now owns 3,608 shares of the conglomerate’s stock valued at $304,000 after purchasing an additional 458 shares in the last quarter. HL Financial Services LLC increased its holdings in shares of Danaher Corporation by 10.1% in the 2nd quarter. HL Financial Services LLC now owns 7,847 shares of the conglomerate’s stock valued at $662,000 after purchasing an additional 722 shares in the last quarter. Finally, Barrett Asset Management LLC increased its holdings in shares of Danaher Corporation by 8.2% in the 2nd quarter. Barrett Asset Management LLC now owns 34,055 shares of the conglomerate’s stock valued at $2,874,000 after purchasing an additional 2,580 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
Shares of Danaher Corporation (NYSE DHR) opened at 88.21 on Friday. The firm has a market capitalization of $61.28 billion, a PE ratio of 28.16 and a beta of 1.03. The firm’s 50 day moving average is $82.64 and its 200 day moving average is $84.22. Danaher Corporation has a 1-year low of $75.71 and a 1-year high of $88.48.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings data on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.50 billion. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Analysts anticipate that Danaher Corporation will post $3.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 annualized dividend and a yield of 0.63%. Danaher Corporation’s payout ratio is presently 17.83%.
In other Danaher Corporation news, Director Linda P. Hefner sold 10,578 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $83.03, for a total transaction of $878,291.34. Following the sale, the director now owns 42,151 shares in the company, valued at approximately $3,499,797.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William King sold 43,688 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $82.86, for a total value of $3,619,987.68. Following the sale, the insider now owns 45,748 shares in the company, valued at approximately $3,790,679.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,496 shares of company stock worth $5,916,223. Corporate insiders own 12.20% of the company’s stock.
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A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reiterated a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub downgraded shares of Danaher Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Credit Suisse Group reiterated a “buy” rating and issued a $93.00 price target on shares of Danaher Corporation in a report on Wednesday, May 24th. Finally, Janney Montgomery Scott downgraded shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Danaher Corporation presently has a consensus rating of “Buy” and an average target price of $92.72.
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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