Danaher Co. (NYSE:DHR) Shares Bought by Delaney Dennis R

Delaney Dennis R raised its stake in Danaher Co. (NYSE:DHRFree Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,108 shares of the conglomerate’s stock after purchasing an additional 1,937 shares during the period. Danaher comprises 3.2% of Delaney Dennis R’s investment portfolio, making the stock its 16th biggest position. Delaney Dennis R’s holdings in Danaher were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. CenterBook Partners LP acquired a new stake in Danaher in the 4th quarter valued at about $3,163,000. Azimuth Capital Investment Management LLC raised its position in shares of Danaher by 29.5% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 1,259 shares of the conglomerate’s stock worth $291,000 after acquiring an additional 287 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Danaher by 35.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 176,201 shares of the conglomerate’s stock worth $40,762,000 after acquiring an additional 46,320 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of Danaher by 340.0% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,650 shares of the conglomerate’s stock worth $382,000 after acquiring an additional 1,275 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its position in shares of Danaher by 15.7% during the 4th quarter. Vinva Investment Management Ltd now owns 23,773 shares of the conglomerate’s stock worth $5,542,000 after acquiring an additional 3,233 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their target price on Danaher from $259.00 to $271.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen lifted their price target on Danaher from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup lifted their price target on Danaher from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. HSBC raised Danaher from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $280.00 in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group began coverage on Danaher in a research report on Monday, June 3rd. They set a “buy” rating and a $295.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.29.

Read Our Latest Stock Report on DHR

Insider Buying and Selling

In related news, CEO Rainer Blair sold 47,175 shares of Danaher stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $249.22, for a total transaction of $11,756,953.50. Following the completion of the transaction, the chief executive officer now directly owns 115,995 shares of the company’s stock, valued at $28,908,273.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Brian W. Ellis sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $250.01, for a total value of $1,000,040.00. Following the completion of the transaction, the senior vice president now directly owns 29,830 shares of the company’s stock, valued at $7,457,798.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rainer Blair sold 47,175 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $249.22, for a total value of $11,756,953.50. Following the completion of the transaction, the chief executive officer now directly owns 115,995 shares of the company’s stock, valued at $28,908,273.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,783 shares of company stock valued at $37,536,717. 11.10% of the stock is owned by insiders.

Danaher Price Performance

Shares of Danaher stock traded down $4.90 during trading on Friday, reaching $263.08. The company’s stock had a trading volume of 3,626,851 shares, compared to its average volume of 2,631,043. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.31. Danaher Co. has a 12-month low of $182.09 and a 12-month high of $269.11. The company has a market capitalization of $194.86 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 4.10 and a beta of 0.85. The business has a 50 day moving average price of $251.96 and a 200-day moving average price of $242.75.

Danaher (NYSE:DHRGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Danaher had a return on equity of 11.43% and a net margin of 16.78%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the business earned $2.36 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Danaher Co. will post 7.63 EPS for the current year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, June 28th. This represents a $1.08 annualized dividend and a yield of 0.41%. Danaher’s dividend payout ratio is presently 18.31%.

About Danaher

(Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.

Further Reading

Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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.