First Midwest Bank Trust Division Reduces Position in Danaher Corporation (DHR)
First Midwest Bank Trust Division lowered its stake in shares of Danaher Corporation (NYSE:DHR) by 40.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,809 shares of the company’s stock after selling 5,327 shares during the quarter. First Midwest Bank Trust Division’s holdings in Danaher Corporation were worth $669,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in DHR. Norway Savings Bank boosted its stake in Danaher Corporation by 0.4% during the second quarter. Norway Savings Bank now owns 2,238 shares of the company’s stock worth $189,000 after buying an additional 10 shares in the last quarter. National Asset Management Inc. boosted its stake in Danaher Corporation by 0.4% during the second quarter. National Asset Management Inc. now owns 3,767 shares of the company’s stock worth $318,000 after buying an additional 14 shares in the last quarter. First Financial Corp IN boosted its stake in Danaher Corporation by 0.8% during the second quarter. First Financial Corp IN now owns 2,720 shares of the company’s stock worth $230,000 after buying an additional 21 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Danaher Corporation by 0.4% in the 2nd quarter. Brighton Jones LLC now owns 5,159 shares of the company’s stock valued at $435,000 after purchasing an additional 21 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Danaher Corporation by 1.0% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,356 shares of the company’s stock valued at $202,000 after purchasing an additional 24 shares in the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Danaher Corporation in a research note on Saturday, July 22nd. Cowen and Company reaffirmed a “buy” rating and issued a $90.00 price target on shares of Danaher Corporation in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a research note on Friday, August 4th. BidaskClub cut Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective (up from $86.00) on shares of Danaher Corporation in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Danaher Corporation has an average rating of “Buy” and a consensus price target of C$93.31.
In related news, insider William King sold 43,688 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$82.86, for a total transaction of C$3,619,987.68. Following the completion of the sale, the insider now directly owns 45,748 shares in the company, valued at approximately C$3,790,679.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald J. Ehrlich sold 10,578 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of C$90.82, for a total value of C$960,693.96. Following the sale, the director now owns 104,621 shares of the company’s stock, valued at C$9,501,679.22. The disclosure for this sale can be found here. Insiders sold a total of 279,628 shares of company stock worth $25,304,394 over the last 90 days. Corporate insiders own 12.20% of the company’s stock.
Shares of Danaher Corporation (DHR) opened at C$92.24 on Monday. The stock has a market capitalization of $64,162.62, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.43 and a quick ratio of 1.00. Danaher Corporation has a one year low of C$76.27 and a one year high of C$93.36.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, October 19th. The company reported C$1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.95 by C$0.05. The firm had revenue of C$4.53 billion for the quarter, compared to analyst estimates of C$4.47 billion. Danaher Corporation had a return on equity of 11.29% and a net margin of 13.36%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. equities research analysts predict that Danaher Corporation will post 3.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a $0.14 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.61%. Danaher Corporation’s dividend payout ratio is currently 16.52%.
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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