United Services Automobile Association boosted its position in Danaher Corporation (NYSE:DHR) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,905 shares of the conglomerate’s stock after buying an additional 53,494 shares during the period. United Services Automobile Association owned 0.06% of Danaher Corporation worth $35,401,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in DHR. DE Burlo Group Inc. increased its stake in shares of Danaher Corporation by 17.8% in the first quarter. DE Burlo Group Inc. now owns 131,450 shares of the conglomerate’s stock worth $11,242,000 after buying an additional 19,900 shares in the last quarter. Exane Derivatives bought a new position in Danaher Corporation during the first quarter valued at approximately $838,000. Bronfman E.L. Rothschild L.P. increased its position in Danaher Corporation by 30.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 17,947 shares of the conglomerate’s stock valued at $1,535,000 after buying an additional 4,219 shares during the period. Toronto Dominion Bank increased its position in Danaher Corporation by 52.5% in the first quarter. Toronto Dominion Bank now owns 177,994 shares of the conglomerate’s stock valued at $15,225,000 after buying an additional 61,239 shares during the period. Finally, American International Group Inc. increased its position in Danaher Corporation by 9.7% in the first quarter. American International Group Inc. now owns 314,034 shares of the conglomerate’s stock valued at $26,859,000 after buying an additional 27,807 shares during the period. Institutional investors own 76.12% of the company’s stock.
Danaher Corporation (DHR) traded down 0.05% on Friday, reaching $80.87. The company’s stock had a trading volume of 2,861,306 shares. The stock’s 50 day moving average price is $82.32 and its 200 day moving average price is $84.22. Danaher Corporation has a 12 month low of $75.71 and a 12 month high of $88.01. The company has a market cap of $56.18 billion, a P/E ratio of 25.81 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.50 billion. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. Equities research analysts forecast that Danaher Corporation will post $3.95 earnings per share for the current year.
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Several equities analysts recently commented on DHR shares. Zacks Investment Research downgraded Danaher Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BTIG Research restated a “buy” rating and set a $92.00 target price on shares of Danaher Corporation in a research report on Sunday, April 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $88.00 price target (down from $89.00) on shares of Danaher Corporation in a report on Friday, April 21st. BidaskClub raised Danaher Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Citigroup Inc. set a $96.00 price target on Danaher Corporation and gave the company a “buy” rating in a report on Friday, July 21st. One equities 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 given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $91.76.
In other Danaher Corporation news, insider William King sold 7,458 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $82.97, for a total value of $618,790.26. Following the transaction, the insider now owns 18,245 shares in the company, valued at $1,513,787.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda P. Hefner sold 10,578 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $83.03, for a total transaction of $878,291.34. Following the completion of the transaction, the director now owns 42,151 shares in the company, valued at approximately $3,499,797.53. The disclosure for this sale can be found here. Insiders sold 38,623 shares of company stock valued at $3,206,426 over the last three months. 12.20% of the stock is currently owned by insiders.
About Danaher Corporation
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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