River Wealth Advisors LLC boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,113 shares of the conglomerate’s stock after buying an additional 365 shares during the period. River Wealth Advisors LLC’s holdings in Danaher Corporation were worth $1,549,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. boosted its stake in shares of Danaher Corporation by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 2,635 shares of the conglomerate’s stock worth $225,000 after buying an additional 10 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Danaher Corporation by 0.6% in the first quarter. Rehmann Capital Advisory Group now owns 2,959 shares of the conglomerate’s stock worth $253,000 after buying an additional 19 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Danaher Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 2,605 shares of the conglomerate’s stock worth $223,000 after buying an additional 21 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Danaher Corporation by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 2,356 shares of the conglomerate’s stock worth $202,000 after buying an additional 24 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Danaher Corporation by 0.5% in the first quarter. Assetmark Inc. now owns 6,622 shares of the conglomerate’s stock worth $566,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.
Shares of Danaher Corporation (NYSE:DHR) opened at 80.87 on Friday. The stock has a market capitalization of $56.18 billion, a price-to-earnings ratio of 25.81 and a beta of 1.03. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.01. The firm’s 50-day moving average is $82.32 and its 200 day moving average is $84.22.
Danaher Corporation (NYSE:DHR) last posted 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 net margin of 12.63% and a return on equity of 11.15%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the firm posted $0.90 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Danaher Corporation will post $3.95 EPS for the current year.
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A number of equities research analysts have issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $95.00 target price on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub cut shares of Danaher Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, July 28th. Wells Fargo & Company reissued a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Finally, Citigroup Inc. set a $96.00 target price on shares of Danaher Corporation and gave the company a “buy” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Danaher Corporation has an average rating of “Buy” and an average target price of $91.76.
In other news, SVP Angela S. Lalor sold 10,815 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $84.16, for a total value of $910,190.40. Following the sale, the senior vice president now directly owns 39,020 shares in the company, valued at approximately $3,283,923.20. The transaction 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 Danaher Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.78, for a total transaction of $799,154.16. Following the transaction, the insider now directly owns 155,520 shares of the company’s stock, valued at $12,718,425.60. The disclosure for this sale can be found here. Over the last 90 days, 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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