Barrett Asset Management LLC Has $3.33 Million Position in Danaher Co. (DHR)
Barrett Asset Management LLC lifted its position in Danaher Co. (NYSE:DHR) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,885 shares of the conglomerate’s stock after buying an additional 1,070 shares during the quarter. Barrett Asset Management LLC’s holdings in Danaher were worth $3,331,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC bought a new position in shares of Danaher in the second quarter valued at $101,000. Zions Bancorporation grew its stake in shares of Danaher by 118.3% in the third quarter. Zions Bancorporation now owns 1,231 shares of the conglomerate’s stock valued at $106,000 after buying an additional 667 shares in the last quarter. Patten Group Inc. grew its stake in shares of Danaher by 262.3% in the third quarter. Patten Group Inc. now owns 4,830 shares of the conglomerate’s stock valued at $114,000 after buying an additional 3,497 shares in the last quarter. First Personal Financial Services grew its stake in shares of Danaher by 128.9% in the fourth quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock valued at $114,000 after buying an additional 691 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Danaher in the fourth quarter valued at $114,000. 76.19% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Daniel L. Comas sold 62,989 shares of Danaher stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $101.96, for a total transaction of $6,422,358.44. Following the completion of the sale, the chief financial officer now owns 227,805 shares of the company’s stock, valued at $23,226,997.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William K. Daniel sold 131,066 shares of Danaher stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $102.05, for a total value of $13,375,285.30. Following the sale, the executive vice president now directly owns 270,523 shares of the company’s stock, valued at approximately $27,606,872.15. The disclosure for this sale can be found here. Insiders have sold 274,913 shares of company stock valued at $27,729,293 in the last three months. Insiders own 12.20% of the company’s stock.
Danaher (NYSE:DHR) last posted its earnings results on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. equities research analysts expect that Danaher Co. will post 4.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, December 29th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Thursday, December 28th. Danaher’s dividend payout ratio is currently 16.00%.
DHR has been the subject of several analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $99.00 target price on shares of Danaher in a research note on Tuesday, December 19th. Zacks Investment Research cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Robert W. Baird reissued a “buy” rating on shares of Danaher in a research note on Friday, January 12th. Royal Bank of Canada reaffirmed a “hold” rating and set a $96.00 price target on shares of Danaher in a report on Thursday, January 4th. Finally, Morgan Stanley raised their price target on Danaher from $95.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $100.13.
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Danaher 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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