ETRADE Capital Management LLC Grows Holdings in Danaher Corporation (DHR)
ETRADE Capital Management LLC grew its holdings in shares of Danaher Corporation (NYSE:DHR) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,075 shares of the conglomerate’s stock after buying an additional 917 shares during the quarter. ETRADE Capital Management LLC’s holdings in Danaher Corporation were worth $1,610,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in Danaher Corporation by 92.3% during 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 period. Acrospire Investment Management LLC lifted its position in shares of Danaher Corporation by 185.5% during the second quarter. Acrospire Investment Management LLC now owns 1,693 shares of the conglomerate’s stock worth $143,000 after purchasing an additional 1,100 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Danaher Corporation during the first quarter worth $157,000. Motco lifted its position in shares of Danaher Corporation by 8.8% during the second quarter. Motco now owns 2,011 shares of the conglomerate’s stock worth $170,000 after purchasing an additional 163 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its position in shares of Danaher Corporation by 62.0% during the second quarter. Cornerstone Advisors Inc. now owns 2,111 shares of the conglomerate’s stock worth $178,000 after purchasing an additional 808 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
A number of research analysts have recently commented on DHR shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $95.00 target price on shares of Danaher Corporation in a research report on Friday, September 8th. BidaskClub cut shares of Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reissued a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Citigroup Inc. set a $96.00 target price on shares of Danaher Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research raised shares of Danaher Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $93.31.
Shares of Danaher Corporation (NYSE:DHR) opened at 90.79 on Friday. The company has a 50-day moving average of $86.59 and a 200 day moving average of $84.29. The firm has a market capitalization of $63.07 billion, a PE ratio of 28.98 and a beta of 1.03. Danaher Corporation has a 12-month low of $76.27 and a 12-month high of $91.64.
Danaher Corporation (NYSE:DHR) last announced its quarterly earnings data on Thursday, October 19th. The conglomerate reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.05. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.47 billion. Danaher Corporation had a net margin of 13.36% and a return on equity of 11.48%. Danaher Corporation’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. On average, analysts predict that Danaher Corporation will post $3.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. Danaher Corporation’s payout ratio is 16.52%.
In related news, insider William King sold 43,688 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 45,748 shares of the company’s stock, valued at $3,790,679.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.78, for a total value of $799,154.16. Following the completion of the transaction, 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. Company insiders own 12.20% of the company’s stock.
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.
Receive News & Ratings for Danaher Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher Corporation and related companies with MarketBeat.com's FREE daily email newsletter.