Napier Park Global Capital US LP Takes Position in Danaher Co. (DHR)
Napier Park Global Capital US LP purchased a new position in shares of Danaher Co. (NYSE:DHR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the conglomerate’s stock, valued at approximately $1,631,000. Danaher comprises about 1.1% of Napier Park Global Capital US LP’s portfolio, making the stock its 11th largest position.
Several other institutional investors have also recently added to or reduced their stakes in DHR. IMS Capital Management acquired a new stake in Danaher in the second quarter worth about $107,000. BerganKDV Wealth Management LLC acquired a new stake in Danaher in the second quarter worth about $111,000. Fort L.P. acquired a new stake in Danaher in the 2nd quarter valued at about $119,000. Braun Bostich & Associates Inc. lifted its holdings in Danaher by 506.4% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,225 shares of the conglomerate’s stock valued at $121,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Reilly Financial Advisors LLC lifted its holdings in Danaher by 62.6% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock valued at $141,000 after acquiring an additional 501 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.
In related news, insider William King sold 53,433 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $101.64, for a total value of $5,430,930.12. Following the transaction, the insider now owns 36,425 shares in the company, valued at $3,702,237. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donald J. Ehrlich sold 10,578 shares of the stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $95.77, for a total value of $1,013,055.06. Following the completion of the transaction, the director now owns 105,491 shares in the company, valued at approximately $10,102,873.07. The disclosure for this sale can be found here. Insiders sold a total of 150,007 shares of company stock worth $15,202,163 in the last quarter. 11.90% of the stock is owned by corporate insiders.
Shares of NYSE DHR opened at $103.20 on Monday. Danaher Co. has a twelve month low of $91.84 and a twelve month high of $110.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.53 and a quick ratio of 1.08. The stock has a market capitalization of $72.33 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04.
Danaher (NYSE:DHR) last posted its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Danaher Co. will post 4.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. Danaher’s dividend payout ratio is 15.88%.
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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.
See Also: Book Value Per Share – BVPS
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