Evercore Wealth Management LLC lessened its position in Danaher Co. (NYSE:DHR) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,343 shares of the conglomerate’s stock after selling 1,915 shares during the period. Evercore Wealth Management LLC’s holdings in Danaher were worth $3,189,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. King Luther Capital Management Corp grew its stake in Danaher by 0.5% during the third quarter. King Luther Capital Management Corp now owns 2,239,154 shares of the conglomerate’s stock worth $243,306,000 after buying an additional 10,913 shares during the period. Utah Retirement Systems grew its stake in Danaher by 0.5% during the third quarter. Utah Retirement Systems now owns 115,003 shares of the conglomerate’s stock worth $12,496,000 after buying an additional 600 shares during the period. First Republic Investment Management Inc. grew its stake in Danaher by 1.9% during the third quarter. First Republic Investment Management Inc. now owns 586,326 shares of the conglomerate’s stock worth $63,710,000 after buying an additional 11,192 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in Danaher by 7.4% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 23,836 shares of the conglomerate’s stock worth $2,590,000 after buying an additional 1,633 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Danaher by 87.4% during the third quarter. Renaissance Technologies LLC now owns 3,219,500 shares of the conglomerate’s stock worth $349,831,000 after buying an additional 1,501,300 shares during the period. 77.13% of the stock is owned by institutional investors and hedge funds.
In other Danaher news, insider Thomas Patrick Joyce, Jr. sold 5,212 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $103.89, for a total transaction of $541,474.68. Following the transaction, the insider now directly owns 151,829 shares in the company, valued at approximately $15,773,514.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald J. Ehrlich sold 10,578 shares of the stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $95.77, for a total transaction of $1,013,055.06. Following the transaction, the director now owns 105,491 shares in the company, 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 90 days. Insiders own 11.90% of the company’s stock.
Shares of DHR stock opened at $104.86 on Friday. The firm has a market capitalization of $74.51 billion, a PE ratio of 26.02, a PEG ratio of 2.05 and a beta of 1.06. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 0.38. Danaher Co. has a twelve month low of $91.84 and a twelve month high of $110.86.
Danaher (NYSE:DHR) last announced its earnings results on Thursday, October 18th. The conglomerate reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, research analysts predict that Danaher Co. will post 4.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, December 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. Danaher’s dividend payout ratio (DPR) is presently 15.88%.
Several research firms have issued reports on DHR. Robert W. Baird decreased their price objective on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Morgan Stanley upped 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. Finally, Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $112.14.
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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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