Rosenbaum Jay D. Increases Stake in Danaher Corporation (NYSE:DHR)
Rosenbaum Jay D. raised its stake in Danaher Corporation (NYSE:DHR) by 10.1% during the second quarter, Holdings Channel reports. The firm owned 4,400 shares of the conglomerate’s stock after buying an additional 405 shares during the period. Rosenbaum Jay D.’s holdings in Danaher Corporation were worth $371,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Peddock Capital Advisors LLC increased its position in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after buying an additional 181 shares during the period. Proficio Capital Partners LLC increased its position in Danaher Corporation by 92.3% in the first quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after buying an additional 598 shares during the period. ClariVest Asset Management LLC acquired a new position in Danaher Corporation during the first quarter valued at approximately $157,000. Motco increased its position in Danaher Corporation by 26.7% in the first quarter. Motco now owns 1,848 shares of the conglomerate’s stock valued at $158,000 after buying an additional 390 shares during the period. Finally, Baystate Wealth Management LLC increased its position in Danaher Corporation by 3.3% in the first quarter. Baystate Wealth Management LLC now owns 1,900 shares of the conglomerate’s stock valued at $163,000 after buying an additional 60 shares during the period. 76.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Danaher Corporation (NYSE:DHR) traded up 0.67% on Friday, reaching $79.82. 2,433,944 shares of the company’s stock were exchanged. The stock has a market cap of $55.45 billion, a price-to-earnings ratio of 25.48 and a beta of 1.03. The company’s 50 day moving average is $82.89 and its 200-day moving average is $84.21. Danaher Corporation has a one year low of $75.71 and a one year high of $88.01.
Danaher Corporation (NYSE:DHR) last released its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
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Several research analysts have commented on the stock. Wells Fargo & Company reissued a “market perform” rating on shares of Danaher Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price target on shares of Danaher Corporation in a research note on Friday, August 4th. BidaskClub downgraded shares of Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Credit Suisse Group reissued a “buy” rating and set a $93.00 price target on shares of Danaher Corporation in a research note on Wednesday, May 24th. Finally, Janney Montgomery Scott downgraded shares of Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $91.76.
In other news, SVP Angela S. Lalor sold 10,815 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $84.16, for a total transaction of $910,190.40. Following the transaction, the senior vice president now owns 39,020 shares in the company, valued at $3,283,923.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.78, for a total value of $799,154.16. Following the transaction, the insider now owns 155,520 shares in the company, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,623 shares of company stock worth $3,206,426. Insiders own 12.20% of the company’s stock.
Danaher Corporation Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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