Parsons Capital Management Inc. RI trimmed its stake in shares of Danaher Co. (NYSE:DHR) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,123 shares of the conglomerate’s stock after selling 950 shares during the quarter. Danaher accounts for 0.9% of Parsons Capital Management Inc. RI’s portfolio, making the stock its 24th largest holding. Parsons Capital Management Inc. RI’s holdings in Danaher were worth $8,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC boosted its holdings in shares of Danaher by 2.0% in the 2nd quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock worth $529,000 after acquiring an additional 74 shares in the last quarter. Mechanics Bank Trust Department raised its position in Danaher by 1.7% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 75 shares during the last quarter. Adirondack Trust Co. raised its position in Danaher by 3.1% in the 1st quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock worth $349,000 after purchasing an additional 78 shares during the last quarter. HL Financial Services LLC raised its position in Danaher by 0.4% in the 1st quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock worth $2,528,000 after purchasing an additional 79 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Danaher by 2.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock worth $367,000 after purchasing an additional 79 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors.

In other news, EVP William K. Daniel sold 164,164 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.43, for a total value of $21,740,238.52. Following the completion of the transaction, the executive vice president now owns 194,627 shares of the company’s stock, valued at approximately $25,774,453.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William K. Daniel sold 7,534 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $131.27, for a total transaction of $988,988.18. Following the completion of the transaction, the executive vice president now directly owns 115,778 shares of the company’s stock, valued at approximately $15,198,178.06. The disclosure for this sale can be found here. Insiders have sold a total of 361,850 shares of company stock valued at $49,587,520 in the last quarter. Corporate insiders own 11.40% of the company’s stock.

DHR has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $155.00 price objective (up previously from $142.00) on shares of Danaher in a research report on Friday, July 19th. Royal Bank of Canada set a $134.00 price objective on shares of Danaher and gave the stock a “hold” rating in a research report on Friday, July 19th. Robert W. Baird boosted their price objective on shares of Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Piper Jaffray Companies boosted their price objective on shares of Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, Wolfe Research initiated coverage on shares of Danaher in a research report on Thursday, May 30th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $143.54.

Shares of Danaher stock traded up $1.32 on Thursday, hitting $137.68. 57,248 shares of the company’s stock traded hands, compared to its average volume of 2,374,486. The firm has a 50-day moving average price of $141.46. The company has a market cap of $99.31 billion, a PE ratio of 30.46, a PEG ratio of 2.50 and a beta of 0.94. Danaher Co. has a one year low of $94.59 and a one year high of $145.50. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. Research analysts expect that Danaher Co. will post 4.79 earnings per share for the current year.

Danaher 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.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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