Danaher Co. (DHR) Holdings Trimmed by Steigerwald Gordon & Koch Inc.
Steigerwald Gordon & Koch Inc. decreased its holdings in Danaher Co. (NYSE:DHR) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,659 shares of the conglomerate’s stock after selling 100 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Danaher were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. CX Institutional grew its position in shares of Danaher by 188.7% during the 1st quarter. CX Institutional now owns 205 shares of the conglomerate’s stock worth $27,000 after buying an additional 134 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Danaher during the 4th quarter worth $27,000. Hanson McClain Inc. grew its position in shares of Danaher by 852.9% during the 4th quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock worth $33,000 after buying an additional 290 shares in the last quarter. Executive Wealth Management LLC bought a new position in shares of Danaher during the 4th quarter worth $39,000. Finally, Ruggie Capital Group bought a new position in shares of Danaher during the 4th quarter worth $40,000. Institutional investors and hedge funds own 77.59% of the company’s stock.
In other news, CAO Robert S. Lutz sold 15,000 shares of the business’s stock in a transaction dated Sunday, February 24th. The stock was sold at an average price of $127.00, for a total transaction of $1,905,000.00. Following the sale, the chief accounting officer now owns 22,251 shares in the company, valued at $2,825,877. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rainer Blair sold 37,859 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $127.45, for a total value of $4,825,129.55. Following the sale, the insider now owns 32,661 shares in the company, valued at approximately $4,162,644.45. The disclosure for this sale can be found here. Insiders sold 183,150 shares of company stock worth $23,279,637 in the last quarter. 11.40% of the stock is owned by insiders.
DHR opened at $126.77 on Friday. Danaher Co. has a 1 year low of $94.59 and a 1 year high of $134.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.47. The stock has a market capitalization of $90.73 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.39 and a beta of 1.04.
Danaher (NYSE:DHR) last posted its earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.06. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that Danaher Co. will post 4.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, March 28th. This is a positive change from Danaher’s previous quarterly dividend of $0.16. Danaher’s payout ratio is 15.04%.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2019/04/20/danaher-co-dhr-holdings-trimmed-by-steigerwald-gordon-koch-inc.html.
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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
Featured Story: What is channel trading?
Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.