Danaher Co. (NYSE:DHR) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lowered its position in shares of Danaher Co. (NYSE:DHR) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,712 shares of the conglomerate’s stock after selling 1,000 shares during the period. Danaher comprises about 2.2% of Shikiar Asset Management Inc.’s holdings, making the stock its 16th largest position. Shikiar Asset Management Inc.’s holdings in Danaher were worth $5,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wisconsin Investment Board increased its position in shares of Danaher by 12.9% during the first quarter. State of Wisconsin Investment Board now owns 692,865 shares of the conglomerate’s stock worth $91,472,000 after purchasing an additional 79,287 shares in the last quarter. Canton Hathaway LLC increased its position in Danaher by 8.7% in the 1st quarter. Canton Hathaway LLC now owns 12,886 shares of the conglomerate’s stock valued at $1,701,000 after acquiring an additional 1,036 shares during the period. Ropes Wealth Advisors LLC increased its position in Danaher by 8.8% in the 1st quarter. Ropes Wealth Advisors LLC now owns 4,070 shares of the conglomerate’s stock valued at $537,000 after acquiring an additional 329 shares during the period. Mitchell Capital Management Co. increased its position in Danaher by 20.7% in the 1st quarter. Mitchell Capital Management Co. now owns 12,174 shares of the conglomerate’s stock valued at $1,607,000 after acquiring an additional 2,088 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in Danaher by 11.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,014 shares of the conglomerate’s stock valued at $266,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 78.84% of the company’s stock.

In other Danaher news, SVP Angela S. Lalor sold 3,091 shares of Danaher stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $132.23, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian W. Ellis sold 1,010 shares of Danaher stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $144.04, for a total value of $145,480.40. Following the completion of the sale, the insider now directly owns 20,889 shares in the company, valued at approximately $3,008,851.56. The disclosure for this sale can be found here. Insiders sold a total of 392,121 shares of company stock worth $53,603,339 in the last ninety days. 11.40% of the stock is owned by corporate insiders.

DHR has been the topic of several recent research reports. Royal Bank of Canada set a $134.00 price target on Danaher and gave the company a “hold” rating in a research report on Friday, July 19th. Janney Montgomery Scott boosted their price target on Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Argus boosted their price target on Danaher to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Piper Jaffray Companies boosted their price target on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Wolfe Research initiated coverage on Danaher in a research report on Thursday, May 30th. They issued an “outperform” rating on the stock. Three investment 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 a consensus price target of $143.54.

DHR traded up $0.82 during trading on Tuesday, reaching $136.52. The company’s stock had a trading volume of 91,610 shares, compared to its average volume of 2,556,058. Danaher Co. has a 52-week low of $94.59 and a 52-week high of $145.50. The firm has a fifty day moving average of $142.00. The company has a market capitalization of $97.35 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.91.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Danaher Co. will post 4.79 EPS for the current year.

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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