Danaher Corporation (DHR) Shares Sold by OLD National Bancorp IN
OLD National Bancorp IN decreased its holdings in Danaher Corporation (NYSE:DHR) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,226 shares of the conglomerate’s stock after selling 12,713 shares during the period. OLD National Bancorp IN’s holdings in Danaher Corporation were worth $13,859,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Peddock Capital Advisors LLC raised its stake 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 raised its stake 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 bought a new stake in Danaher Corporation in the first quarter valued at approximately $157,000. Cedar Wealth Management LLC raised its stake in Danaher Corporation by 5.3% in the first quarter. Cedar Wealth Management LLC now owns 2,286 shares of the conglomerate’s stock valued at $196,000 after buying an additional 115 shares during the period. Finally, Wharton Business Group LLC bought a new stake in Danaher Corporation in the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Shares of Danaher Corporation (NYSE:DHR) traded up 1.24% during midday trading on Thursday, reaching $85.06. The company had a trading volume of 1,812,176 shares. The firm has a market capitalization of $59.09 billion, a P/E ratio of 27.15 and a beta of 1.03. The company has a 50 day moving average price of $81.79 and a 200-day moving average price of $84.11. Danaher Corporation has a one year low of $75.71 and a one year high of $88.01.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter 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 fiscal year.
In other Danaher Corporation news, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.78, for a total transaction of $799,154.16. Following the sale, the insider now owns 155,520 shares of the company’s stock, valued at approximately $12,718,425.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William King sold 7,458 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $82.97, for a total transaction of $618,790.26. Following the sale, the insider now directly owns 18,245 shares in the company, valued at approximately $1,513,787.65. The disclosure for this sale can be found here. Insiders have sold a total of 71,496 shares of company stock worth $5,916,223 in the last three months. Insiders own 12.20% of the company’s stock.
Several analysts have issued reports on DHR shares. Credit Suisse Group restated a “buy” rating and issued a $93.00 price objective on shares of Danaher Corporation in a research note on Wednesday, May 24th. Janney Montgomery Scott lowered Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. BidaskClub lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Zacks Investment Research lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $97.00 price objective on shares of Danaher Corporation in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $92.21.
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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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