NBT Bank N A NY Has $4.89 Million Position in Danaher Co. (DHR)
NBT Bank N A NY lessened its holdings in Danaher Co. (NYSE:DHR) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,034 shares of the conglomerate’s stock after selling 2,648 shares during the quarter. NBT Bank N A NY’s holdings in Danaher were worth $4,893,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Napier Park Global Capital US LP bought a new stake in Danaher in the 3rd quarter worth $1,631,000. Janus Henderson Group PLC boosted its stake in shares of Danaher by 4.7% during the 3rd quarter. Janus Henderson Group PLC now owns 226,353 shares of the conglomerate’s stock valued at $24,593,000 after purchasing an additional 10,219 shares in the last quarter. Rational Advisors LLC boosted its stake in shares of Danaher by 61,289.2% during the 3rd quarter. Rational Advisors LLC now owns 22,714 shares of the conglomerate’s stock valued at $2,469,000 after purchasing an additional 22,677 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Danaher by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 1,821,905 shares of the conglomerate’s stock valued at $197,968,000 after purchasing an additional 18,048 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Danaher by 3.9% during the 3rd quarter. Keybank National Association OH now owns 605,046 shares of the conglomerate’s stock valued at $65,745,000 after purchasing an additional 22,917 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.
NYSE:DHR opened at $103.37 on Monday. Danaher Co. has a one year low of $91.84 and a one year high of $110.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.53. The stock has a market cap of $72.33 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 27th. Danaher’s payout ratio is currently 15.88%.
A number of brokerages have recently weighed in on DHR. Zacks Investment Research raised shares of Danaher from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Monday, July 23rd. Robert W. Baird cut their target price on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Finally, Morgan Stanley lifted their target price on shares of Danaher from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. One equities research 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 an average price target of $112.14.
In other Danaher news, EVP William K. Daniel sold 29,784 shares of Danaher stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $98.04, for a total value of $2,920,023.36. Following the completion of the transaction, the executive vice president now directly owns 141,892 shares of the company’s stock, valued at $13,911,091.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald J. Ehrlich sold 10,578 shares of Danaher stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $95.77, for a total transaction of $1,013,055.06. Following the completion of the transaction, the director now directly owns 105,491 shares of the company’s stock, valued at $10,102,873.07. The disclosure for this sale can be found here. Insiders sold 150,007 shares of company stock valued at $15,202,163 over the last ninety days. Corporate insiders own 11.90% of the company’s stock.
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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.
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