Trust Co. of Oklahoma grew its position in shares of Danaher Co. (NYSE:DHR) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 39,269 shares of the conglomerate’s stock after buying an additional 103 shares during the quarter. Danaher accounts for approximately 2.5% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 8th largest holding. Trust Co. of Oklahoma’s holdings in Danaher were worth $5,612,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Northern Trust Corp lifted its stake in Danaher by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,887,690 shares of the conglomerate’s stock valued at $1,173,352,000 after buying an additional 34,065 shares in the last quarter. Geode Capital Management LLC lifted its stake in Danaher by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 7,527,142 shares of the conglomerate’s stock valued at $774,743,000 after buying an additional 583,194 shares in the last quarter. Findlay Park Partners LLP lifted its stake in Danaher by 0.9% in the 1st quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock valued at $611,913,000 after buying an additional 40,000 shares in the last quarter. Jennison Associates LLC acquired a new stake in Danaher in the 1st quarter valued at about $489,930,000. Finally, American Century Companies Inc. raised its holdings in Danaher by 3.7% in the 1st quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock valued at $488,549,000 after acquiring an additional 133,300 shares during the last quarter. Hedge funds and other institutional investors own 78.84% of the company’s stock.
DHR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Danaher from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Piper Jaffray Companies increased their price objective on shares of Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada set a $134.00 price objective on shares of Danaher and gave the company a “hold” rating in a report on Friday, July 19th. Argus increased their price objective on shares of Danaher to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird increased their price objective on shares of Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $143.54.
Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.09 billion. Danaher had a net margin of 12.22% and a return on equity of 11.53%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. On average, research analysts predict that Danaher Co. will post 4.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. Danaher’s dividend payout ratio is currently 15.04%.
In other news, SVP William King sold 12,950 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $129.92, for a total transaction of $1,682,464.00. Following the completion of the sale, the senior vice president now owns 29,070 shares in the company, valued at approximately $3,776,774.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela S. Lalor sold 3,091 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $132.23, for a total transaction of $408,722.93. Following the sale, the senior vice president now owns 38,515 shares of the company’s stock, valued at approximately $5,092,838.45. The disclosure for this sale can be found here. Insiders have sold a total of 392,121 shares of company stock valued at $53,603,339 in the last 90 days. Insiders own 11.40% of the company’s stock.
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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