North American Management Corp cut its holdings in shares of Danaher Co. (NYSE:DHR) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,347 shares of the conglomerate’s stock after selling 2,325 shares during the quarter. Danaher comprises 2.1% of North American Management Corp’s investment portfolio, making the stock its 19th largest holding. North American Management Corp’s holdings in Danaher were worth $12,860,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its stake in shares of Danaher by 10.3% in the second quarter. FMR LLC now owns 21,011,026 shares of the conglomerate’s stock valued at $2,073,369,000 after purchasing an additional 1,963,116 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Danaher by 77.5% in the second quarter. Renaissance Technologies LLC now owns 1,718,200 shares of the conglomerate’s stock valued at $169,552,000 after purchasing an additional 750,000 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Danaher by 113.3% in the third quarter. Bank of Montreal Can now owns 1,069,328 shares of the conglomerate’s stock valued at $116,195,000 after purchasing an additional 567,990 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Danaher by 2,228.2% in the second quarter. CIBC World Markets Inc. now owns 525,287 shares of the conglomerate’s stock valued at $51,835,000 after purchasing an additional 502,725 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Danaher by 160.4% in the second quarter. PNC Financial Services Group Inc. now owns 776,159 shares of the conglomerate’s stock valued at $76,592,000 after purchasing an additional 478,087 shares in the last quarter. Institutional investors own 76.90% of the company’s stock.

In other Danaher news, SVP Robert S. Lutz sold 14,555 shares of the company’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $103.93, for a total value of $1,512,701.15. Following the sale, the senior vice president now directly owns 18,044 shares in the company, valued at $1,875,312.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel L. Comas sold 77,407 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $103.93, for a total value of $8,044,909.51. Following the completion of the sale, the chief financial officer now owns 135,218 shares in the company, valued at $14,053,206.74. The disclosure for this sale can be found here. Insiders sold 299,961 shares of company stock worth $30,619,691 over the last quarter. Company insiders own 11.90% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research lowered Danaher from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. ValuEngine upgraded Danaher from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Morgan Stanley upped their target price on Danaher from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. Finally, Royal Bank of Canada upped their target price on Danaher to $107.00 and gave the company a “positive” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $111.57.

NYSE:DHR traded down $0.09 during trading hours on Wednesday, reaching $104.96. The company had a trading volume of 3,520,900 shares, compared to its average volume of 2,383,910. Danaher Co. has a one year low of $85.10 and a one year high of $110.13. The stock has a market capitalization of $76.04 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.50 and a quick ratio of 1.07.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 19th. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.06. Danaher had a return on equity of 11.55% and a net margin of 13.84%. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Danaher Co. will post 4.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 27th. Danaher’s dividend payout ratio (DPR) is 15.88%.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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