Monroe Bank & Trust MI Trims Holdings in Danaher Co. (DHR)

Monroe Bank & Trust MI trimmed its stake in Danaher Co. (NYSE:DHR) by 5.8% in the first quarter, HoldingsChannel.com reports. The firm owned 11,020 shares of the conglomerate’s stock after selling 680 shares during the period. Monroe Bank & Trust MI’s holdings in Danaher were worth $1,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Danaher during the fourth quarter worth about $747,082,000. Oregon Public Employees Retirement Fund boosted its holdings in Danaher by 10,085.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,863,048 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 6,795,666 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in Danaher by 25.0% during the fourth quarter. Findlay Park Partners LLP now owns 4,595,000 shares of the conglomerate’s stock worth $473,836,000 after purchasing an additional 920,000 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Danaher by 74.3% during the fourth quarter. 1832 Asset Management L.P. now owns 2,129,142 shares of the conglomerate’s stock worth $219,310,000 after purchasing an additional 907,593 shares during the last quarter. Finally, Polar Capital LLP boosted its holdings in Danaher by 678.1% during the fourth quarter. Polar Capital LLP now owns 744,570 shares of the conglomerate’s stock worth $76,780,000 after purchasing an additional 648,885 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

NYSE DHR opened at $131.10 on Monday. Danaher Co. has a 12-month low of $94.59 and a 12-month 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 capitalization of $93.86 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.53 and a beta of 1.02.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given 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 currently 15.04%.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Danaher from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $141.00 price objective (up previously from $138.00) on shares of Danaher in a research report on Wednesday, April 17th. Jefferies Financial Group lifted their price objective on shares of Danaher to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Deutsche Bank lifted their price objective on shares of Danaher to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, UBS Group lifted their price objective on shares of Danaher from $125.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $131.75.

In related news, Director Walter G. Lohr sold 10,578 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $126.85, for a total transaction of $1,341,819.30. Following the sale, the director now owns 20,691 shares of the company’s stock, valued at approximately $2,624,653.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan G. Spoon sold 1,913 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $129.52, for a total transaction of $247,771.76. Following the sale, 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 three months, insiders sold 424,761 shares of company stock worth $54,983,097. Insiders own 11.40% of the company’s stock.

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Danaher 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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