Nisa Investment Advisors LLC Has $26.21 Million Position in Danaher Co. (DHR)

Nisa Investment Advisors LLC lifted its stake in shares of Danaher Co. (NYSE:DHR) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,523 shares of the conglomerate’s stock after acquiring an additional 2,917 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Danaher were worth $26,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of DHR. Sippican Capital Advisors bought a new stake in Danaher in the first quarter worth approximately $226,000. Gemmer Asset Management LLC increased its holdings in Danaher by 69.8% in the first quarter. Gemmer Asset Management LLC now owns 635 shares of the conglomerate’s stock worth $84,000 after purchasing an additional 261 shares in the last quarter. Cohen Klingenstein LLC bought a new stake in Danaher in the first quarter worth approximately $299,000. Meeder Asset Management Inc. increased its holdings in Danaher by 63.8% in the first quarter. Meeder Asset Management Inc. now owns 9,693 shares of the conglomerate’s stock worth $1,279,000 after purchasing an additional 3,774 shares in the last quarter. Finally, BTIM Corp. increased its holdings in Danaher by 3.9% in the first quarter. BTIM Corp. now owns 258,809 shares of the conglomerate’s stock worth $34,168,000 after purchasing an additional 9,666 shares in the last quarter. Institutional investors own 77.57% of the company’s stock.

A number of equities research analysts have weighed in on DHR shares. Janney Montgomery Scott upgraded Danaher from a “neutral” rating to a “buy” rating in a report on Monday, February 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $140.00 target price on shares of Danaher in a report on Monday, March 4th. UBS Group raised their price objective on Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Deutsche Bank raised their price objective on Danaher to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, Jefferies Financial Group raised their price objective on Danaher to $140.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Danaher has an average rating of “Buy” and a consensus target price of $131.75.

In related news, Director Walter G. Lohr sold 10,578 shares of Danaher stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $126.85, for a total transaction of $1,341,819.30. Following the transaction, the director now owns 20,691 shares of the company’s stock, valued at $2,624,653.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan G. Spoon sold 1,913 shares of Danaher stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $129.52, for a total value of $247,771.76. Following the transaction, the director now directly owns 86,863 shares in the company, valued at approximately $11,250,495.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 424,761 shares of company stock worth $54,983,097. 11.40% of the stock is owned by insiders.

Shares of Danaher stock opened at $131.68 on Friday. The company has a market capitalization of $94.03 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.54 and a beta of 1.02. The company has a quick ratio of 1.74, a current ratio of 2.18 and a debt-to-equity ratio of 0.32. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $134.67.

Danaher (NYSE:DHR) last announced its earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Danaher had a return on equity of 11.61% and a net margin of 12.04%. Danaher’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, research analysts predict that Danaher Co. will post 4.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Danaher’s payout ratio is 15.04%.

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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.

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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