IFM Investors Pty Ltd grew its holdings in Danaher Co. (NYSE:DHR) by 14.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,256 shares of the conglomerate’s stock after buying an additional 6,869 shares during the period. IFM Investors Pty Ltd’s holdings in Danaher were worth $11,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its holdings in shares of Danaher by 0.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 875,930 shares of the conglomerate’s stock worth $121,237,000 after acquiring an additional 7,562 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Danaher by 69.0% in the 1st quarter. Cohen & Steers Inc. now owns 1,281 shares of the conglomerate’s stock worth $177,000 after acquiring an additional 523 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Danaher by 206.2% in the 1st quarter. APG Asset Management N.V. now owns 647,645 shares of the conglomerate’s stock worth $89,641,000 after acquiring an additional 436,143 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Danaher by 95.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,881 shares of the conglomerate’s stock worth $399,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Danaher by 160.5% in the 1st quarter. Sunbelt Securities Inc. now owns 13,423 shares of the conglomerate’s stock worth $1,958,000 after acquiring an additional 8,270 shares during the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $203.00 price objective for the company in a report on Tuesday, July 21st. Stifel Nicolaus lifted their price objective on shares of Danaher from $170.00 to $210.00 and gave the company a “hold” rating in a report on Friday, July 24th. Robert W. Baird lifted their price objective on shares of Danaher from $163.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Bank of America lifted their price objective on shares of Danaher from $181.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Needham & Company LLC lifted their price objective on shares of Danaher from $183.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 27th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $202.00.

In other news, CEO Thomas Patrick Joyce, Jr. sold 181,394 shares of Danaher stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $193.98, for a total value of $35,186,808.12. Following the transaction, the chief executive officer now owns 285,569 shares of the company’s stock, valued at approximately $55,394,674.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William King sold 26,982 shares of Danaher stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $199.09, for a total transaction of $5,371,846.38. Following the completion of the transaction, the senior vice president now directly owns 29,821 shares in the company, valued at approximately $5,937,062.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 530,474 shares of company stock worth $104,501,669. Insiders own 11.70% of the company’s stock.

NYSE DHR traded up $2.03 during trading on Friday, reaching $227.45. 2,637,292 shares of the company’s stock traded hands, compared to its average volume of 2,868,128. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.20 and a quick ratio of 1.74. The firm has a market cap of $161.36 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 3.52 and a beta of 0.88. The company’s 50 day simple moving average is $209.83 and its two-hundred day simple moving average is $183.29. Danaher Co. has a 12-month low of $119.60 and a 12-month high of $229.45.

Danaher (NYSE:DHR) last posted its earnings results on Thursday, July 23rd. The conglomerate reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.35. Danaher had a net margin of 17.73% and a return on equity of 11.88%. The business had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts expect that Danaher Co. will post 5.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, September 28th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 25th. Danaher’s payout ratio is currently 16.29%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The 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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