Arcadia Investment Management Corp MI lowered its stake in shares of Danaher Corporation (NYSE:DHR) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,243 shares of the conglomerate’s stock after selling 625 shares during the period. Danaher Corporation accounts for about 1.7% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 19th biggest holding. Arcadia Investment Management Corp MI’s holdings in Danaher Corporation were worth $5,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Peddock Capital Advisors LLC lifted its holdings in shares of Danaher Corporation by 17.4% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after purchasing an additional 181 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Danaher Corporation by 92.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after purchasing an additional 598 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Danaher Corporation during the 1st quarter valued at $157,000. Cornerstone Advisors Inc. lifted its holdings in shares of Danaher Corporation by 62.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,111 shares of the conglomerate’s stock valued at $178,000 after purchasing an additional 808 shares during the last quarter. Finally, Baystate Wealth Management LLC lifted its holdings in shares of Danaher Corporation by 11.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,115 shares of the conglomerate’s stock valued at $181,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 75.68% of the company’s stock.

Shares of Danaher Corporation (NYSE DHR) opened at 86.78 on Friday. The firm’s 50-day moving average price is $82.99 and its 200 day moving average price is $84.20. The firm has a market capitalization of $60.29 billion, a P/E ratio of 27.70 and a beta of 1.03. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.62.

Danaher Corporation (NYSE:DHR) last announced 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 firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Danaher Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that Danaher Corporation will post $3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. Danaher Corporation’s payout ratio is 17.83%.

Several analysts have recently commented on DHR shares. Zacks Investment Research lowered Danaher Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded Danaher Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $95.00 price objective on shares of Danaher Corporation in a report on Friday, September 8th. Citigroup Inc. set a $96.00 price objective on Danaher Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $88.00 price objective on shares of Danaher Corporation in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned 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 $92.72.

In other news, insider William King sold 7,458 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were 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 of the company’s stock, valued at $1,513,787.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.78, for a total transaction of $799,154.16. Following the completion of the sale, the insider now directly owns 155,520 shares of the company’s stock, valued at $12,718,425.60. The disclosure for this sale can be found here. Insiders sold 71,496 shares of company stock valued at $5,916,223 over the last ninety days. Corporate insiders own 12.20% of the company’s stock.

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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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