OLD National Bancorp IN Has $15.87 Million Holdings in Danaher Co. (DHR)

OLD National Bancorp IN lessened its stake in Danaher Co. (NYSE:DHR) by 3.1% during the first quarter, Holdings Channel reports. The institutional investor owned 120,184 shares of the conglomerate’s stock after selling 3,840 shares during the period. Danaher comprises about 0.8% of OLD National Bancorp IN’s investment portfolio, making the stock its 29th largest position. OLD National Bancorp IN’s holdings in Danaher were worth $15,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CX Institutional lifted its stake in shares of Danaher by 188.7% in the 1st quarter. CX Institutional now owns 205 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 134 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Danaher during the 4th quarter worth approximately $27,000. Lenox Wealth Management Inc. acquired a new position in Danaher during the 1st quarter worth approximately $40,000. Hanson McClain Inc. raised its stake in Danaher by 852.9% during the 4th quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock worth $33,000 after buying an additional 290 shares during the period. Finally, Executive Wealth Management LLC acquired a new position in Danaher during the 4th quarter worth approximately $39,000. 76.98% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on DHR. Zacks Investment Research raised Danaher from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $141.00 price target (up from $138.00) on shares of Danaher in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $140.00 price target on shares of Danaher in a research note on Monday, March 4th. Janney Montgomery Scott upped their price target on Danaher from $136.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group upped their price target on Danaher to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Danaher currently has a consensus rating of “Buy” and a consensus price target of $131.75.

In other news, insider Rainer Blair sold 37,859 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $127.45, for a total value of $4,825,129.55. Following the completion of the sale, the insider now directly owns 32,661 shares of the company’s stock, valued at $4,162,644.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Mitchell P. Rales acquired 1,900 shares of the stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $130.78 per share, with a total value of $248,482.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 424,761 shares of company stock valued at $54,983,097. Company insiders own 11.40% of the company’s stock.

DHR stock opened at $131.10 on Friday. Danaher Co. has a fifty-two week low of $94.59 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.18. The company has a market cap of $93.86 billion, a P/E ratio of 29.00, a PEG ratio of 2.53 and a beta of 1.02.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a return on equity of 11.61% and a net margin of 12.04%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that Danaher Co. will post 4.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, June 27th. Danaher’s dividend payout ratio (DPR) is presently 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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