Rockland Trust Co. Increases Stock Position in Danaher Co. (NYSE:DHR)

Rockland Trust Co. grew its stake in shares of Danaher Co. (NYSE:DHR) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,744 shares of the conglomerate’s stock after acquiring an additional 171 shares during the quarter. Rockland Trust Co.’s holdings in Danaher were worth $659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barings LLC boosted its holdings in shares of Danaher by 8.7% during the 2nd quarter. Barings LLC now owns 11,922 shares of the conglomerate’s stock valued at $1,703,000 after acquiring an additional 952 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Danaher by 527.5% in the second quarter. Capital Advisors Ltd. LLC now owns 320 shares of the conglomerate’s stock worth $46,000 after buying an additional 269 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Danaher by 11.1% in the first quarter. Rehmann Capital Advisory Group now owns 2,014 shares of the conglomerate’s stock worth $266,000 after buying an additional 202 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its holdings in shares of Danaher by 5.2% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,598 shares of the conglomerate’s stock worth $2,086,000 after buying an additional 717 shares during the last quarter. Finally, Lenox Wealth Advisors LLC boosted its holdings in shares of Danaher by 231.3% in the second quarter. Lenox Wealth Advisors LLC now owns 1,302 shares of the conglomerate’s stock worth $186,000 after buying an additional 909 shares during the last quarter. 78.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on DHR shares. Robert W. Baird raised their price objective on shares of Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Wolfe Research set a $157.00 price objective on shares of Danaher and gave the stock a “buy” rating in a report on Thursday, September 26th. Argus raised their price objective on shares of Danaher to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reissued a “buy” rating and issued a $155.00 price objective (up previously from $142.00) on shares of Danaher in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Danaher from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $145.92.

Shares of NYSE:DHR opened at $138.72 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.91. Danaher Co. has a 1-year low of $94.59 and a 1-year high of $147.33. The company has a market capitalization of $98.42 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.29 and a beta of 0.94. The firm’s 50 day simple moving average is $141.08 and its two-hundred day simple moving average is $137.36.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Danaher Co. will post 4.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, September 26th. Danaher’s dividend payout ratio is currently 15.04%.

In other Danaher news, CAO Robert S. Lutz sold 14,668 shares of Danaher stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $143.28, for a total transaction of $2,101,631.04. Following the transaction, the chief accounting officer now owns 21,054 shares of the company’s stock, valued at $3,016,617.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel L. Comas sold 68,379 shares of Danaher stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $142.05, for a total transaction of $9,713,236.95. Following the transaction, the executive vice president now directly owns 187,474 shares in the company, valued at approximately $26,630,681.70. The disclosure for this sale can be found here. Insiders have sold 177,202 shares of company stock worth $25,175,829 in the last ninety days. Insiders own 11.40% of the company’s stock.

About Danaher

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.

Further Reading: Percentage Gainers

Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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