Danaher Co. (DHR) Stake Lessened by Cedar Capital LLC

Cedar Capital LLC decreased its position in Danaher Co. (NYSE:DHR) by 7.5% in the 1st quarter, HoldingsChannel reports. The fund owned 5,070 shares of the conglomerate’s stock after selling 413 shares during the quarter. Cedar Capital LLC’s holdings in Danaher were worth $669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHR. HL Financial Services LLC boosted its holdings in shares of Danaher by 0.4% in the 1st quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock worth $2,528,000 after buying an additional 79 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Danaher by 2.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock worth $367,000 after buying an additional 79 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of Danaher by 13.7% in the 1st quarter. First Personal Financial Services now owns 664 shares of the conglomerate’s stock worth $88,000 after buying an additional 80 shares during the last quarter. Carroll Financial Associates Inc. boosted its holdings in shares of Danaher by 5.6% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the conglomerate’s stock worth $202,000 after buying an additional 82 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in shares of Danaher by 1.8% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 4,710 shares of the conglomerate’s stock worth $622,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

In other news, Director Alan G. Spoon sold 1,913 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $129.52, for a total value of $247,771.76. Following the sale, the director now directly owns 86,863 shares of the company’s stock, valued at $11,250,495.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William K. Daniel sold 7,534 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $131.27, for a total transaction of $988,988.18. Following the completion of the sale, the executive vice president now directly owns 115,778 shares in the company, valued at $15,198,178.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 462,566 shares of company stock worth $59,987,905. Insiders own 11.40% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Danaher from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $141.00 price objective (up from $138.00) on shares of Danaher in a report on Wednesday, April 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $140.00 price objective on shares of Danaher in a report on Monday, March 4th. Janney Montgomery Scott upped their price objective on shares of Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group upped their price objective on shares of Danaher to $140.00 and gave the company a “buy” rating in a report 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $131.75.

NYSE DHR opened at $131.74 on Thursday. The stock has a market cap of $93.22 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $134.67. The company has a current ratio of 2.18, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.52%. The ex-dividend date 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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