Eversept Partners LP Has $20.76 Million Holdings in Danaher Co. (NYSE:DHR)

Eversept Partners LP decreased its holdings in shares of Danaher Co. (NYSE:DHR) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,104 shares of the conglomerate’s stock after selling 13,660 shares during the quarter. Danaher comprises approximately 5.9% of Eversept Partners LP’s holdings, making the stock its 5th largest position. Eversept Partners LP’s holdings in Danaher were worth $20,761,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Next Capital Management LLC acquired a new position in Danaher in the 2nd quarter valued at approximately $31,000. Litman Gregory Asset Management LLC acquired a new position in Danaher in the 2nd quarter valued at approximately $33,000. Altshuler Shaham Ltd raised its holdings in Danaher by 59.3% in the 2nd quarter. Altshuler Shaham Ltd now owns 239 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. MRA Associates USA LLC acquired a new position in Danaher in the 2nd quarter valued at approximately $40,000. Finally, Lenox Wealth Management Inc. acquired a new position in Danaher in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 78.52% of the company’s stock.

In related news, insider Thomas Patrick Joyce, Jr. sold 70,544 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $141.77, for a total transaction of $10,001,022.88. Following the completion of the sale, the insider now directly owns 271,023 shares of the company’s stock, valued at approximately $38,422,930.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mitchell P. Rales purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $139.52 per share, with a total value of $348,800.00. Following the completion of the acquisition, the chairman now directly owns 3,030,453 shares in the company, valued at $422,808,802.56. The disclosure for this purchase can be found here. Over the last three months, insiders sold 177,202 shares of company stock valued at $25,175,829. 11.40% of the stock is currently owned by insiders.

Several research firms have commented on DHR. Robert W. Baird upped their price target on Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wolfe Research began coverage on Danaher in a report on Thursday, May 30th. They issued an “outperform” rating for the company. Piper Jaffray Companies upped their price target on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Argus upped their price target on Danaher to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $155.00 target price (up from $142.00) on shares of Danaher in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $143.54.

Shares of DHR traded up $0.59 during mid-day trading on Friday, reaching $142.33. The company had a trading volume of 13,457 shares, compared to its average volume of 1,917,615. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $145.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.91. The company’s 50-day moving average is $140.18 and its 200-day moving average is $135.10. The company has a market capitalization of $97.99 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.46 and a beta of 0.94.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the prior year, the firm posted $1.15 EPS. Danaher’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Danaher Co. will post 4.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.48%. Danaher’s payout ratio is presently 15.04%.

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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