K.J. Harrison & Partners Inc boosted its position in shares of Danaher Co. (NYSE:DHR) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the conglomerate’s stock after buying an additional 4,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Danaher were worth $3,001,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DHR. MBM Wealth Consultants LLC grew its position in shares of Danaher by 2.0% in the second quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock valued at $529,000 after purchasing an additional 74 shares in the last quarter. Mechanics Bank Trust Department grew its position in shares of Danaher by 1.7% in the second quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 75 shares in the last quarter. Adirondack Trust Co. grew its position in shares of Danaher by 3.1% in the first quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock valued at $349,000 after purchasing an additional 78 shares in the last quarter. HL Financial Services LLC grew its position in shares of Danaher by 0.4% in the first quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock valued at $2,528,000 after purchasing an additional 79 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its position in shares of Danaher by 2.9% in the first quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock valued at $367,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 79.49% of the company’s stock.

DHR traded up $1.24 during trading hours on Monday, reaching $141.59. The company’s stock had a trading volume of 38,481 shares, compared to its average volume of 2,195,097. Danaher Co. has a fifty-two week low of $94.59 and a fifty-two week high of $145.50. The stock has a market cap of $98.42 billion, a PE ratio of 31.26, a P/E/G ratio of 2.48 and a beta of 0.94. The business’s 50-day moving average is $141.37 and its 200-day moving average is $131.56. 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 released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Danaher Co. will post 4.79 EPS for the current year.

In other Danaher news, SVP William King sold 12,950 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $129.92, for a total transaction of $1,682,464.00. Following the transaction, the senior vice president now directly owns 29,070 shares in the company, valued at $3,776,774.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian W. Ellis sold 1,010 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $144.04, for a total value of $145,480.40. Following the transaction, the insider now owns 20,889 shares in the company, valued at $3,008,851.56. The disclosure for this sale can be found here. Insiders sold 361,850 shares of company stock worth $49,587,520 over the last quarter. 11.40% of the stock is currently owned by insiders.

DHR has been the subject of a number of analyst 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. Wolfe Research initiated coverage on Danaher in a research report on Thursday, May 30th. They issued an “outperform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $155.00 price target (up from $142.00) on shares of Danaher in a research report on Friday, July 19th. Zacks Investment Research upgraded Danaher from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Argus upped their price target on Danaher to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $143.54.

About Danaher

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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