Lenox Wealth Management Inc. Purchases Shares of 300 Danaher Co. (DHR)

Lenox Wealth Management Inc. purchased a new position in shares of Danaher Co. (NYSE:DHR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 300 shares of the conglomerate’s stock, valued at approximately $40,000.

Several other hedge funds have also modified their holdings of DHR. HL Financial Services LLC grew its holdings in shares of Danaher by 0.4% during the first quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock valued at $2,528,000 after buying an additional 79 shares during the last quarter. First Personal Financial Services grew its holdings in shares of Danaher by 13.7% during the first quarter. First Personal Financial Services now owns 664 shares of the conglomerate’s stock valued at $88,000 after buying an additional 80 shares during the last quarter. Carroll Financial Associates Inc. grew its holdings in shares of Danaher by 5.6% during the first quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the conglomerate’s stock valued at $202,000 after buying an additional 82 shares during the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Danaher by 1.8% during the first quarter. Cookson Peirce & Co. Inc. now owns 4,710 shares of the conglomerate’s stock valued at $622,000 after buying an additional 83 shares during the last quarter. Finally, Appleton Partners Inc. MA boosted its holdings in Danaher by 1.4% in the first quarter. Appleton Partners Inc. MA now owns 6,434 shares of the conglomerate’s stock valued at $849,000 after purchasing an additional 90 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

DHR has been the topic of several recent research reports. Zacks Investment Research lowered shares of Danaher from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Deutsche Bank upped their price target on shares of Danaher to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Jefferies Financial Group upped their price target on shares of Danaher to $140.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. UBS Group upped their price target on shares of Danaher from $125.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $141.00 price target (up previously from $138.00) on shares of Danaher in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $131.75.

DHR opened at $130.75 on Thursday. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $134.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 1.74. The stock has a market cap of $92.68 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.50 and a beta of 1.02.

Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.06. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 12.04% and a return on equity of 11.61%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, sell-side analysts expect that Danaher Co. will post 4.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. Danaher’s payout ratio is 15.04%.

In other Danaher news, CEO Thomas Patrick Joyce, Jr. sold 3,082 shares of the stock in a transaction dated Sunday, February 24th. The shares were sold at an average price of $131.84, for a total value of $406,330.88. Following the completion of the sale, the chief executive officer now owns 302,377 shares in the company, valued at approximately $39,865,383.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Patrick Joyce, Jr. sold 183,878 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $131.30, for a total transaction of $24,143,181.40. Following the completion of the sale, the chief executive officer now owns 302,377 shares of the company’s stock, valued at approximately $39,702,100.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 424,761 shares of company stock valued at $54,983,097. 11.40% of the stock is owned by insiders.

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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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