Danaher Co. (NYSE:DHR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Danaher Co. (NYSE:DHR) by 179.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 561,470 shares of the conglomerate’s stock after acquiring an additional 360,427 shares during the quarter. Danaher makes up 0.7% of SG Americas Securities LLC’s holdings, making the stock its 18th largest holding. SG Americas Securities LLC owned about 0.08% of Danaher worth $81,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. River Wealth Advisors LLC boosted its position in shares of Danaher by 0.4% in the third quarter. River Wealth Advisors LLC now owns 16,838 shares of the conglomerate’s stock worth $2,432,000 after buying an additional 73 shares during the period. MBM Wealth Consultants LLC boosted its position in Danaher by 2.0% during the second quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock valued at $529,000 after purchasing an additional 74 shares during the last quarter. JGP Global Gestao de Recursos Ltda. boosted its position in Danaher by 2.0% during the third quarter. JGP Global Gestao de Recursos Ltda. now owns 3,718 shares of the conglomerate’s stock valued at $537,000 after purchasing an additional 74 shares during the last quarter. Mechanics Bank Trust Department boosted its position in Danaher by 1.7% during the second quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 75 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its position in Danaher by 1.9% during the second quarter. Copperwynd Financial LLC now owns 4,144 shares of the conglomerate’s stock valued at $592,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.

Shares of NYSE:DHR traded up $0.73 on Friday, reaching $135.23. The company had a trading volume of 1,662,408 shares, compared to its average volume of 2,487,994. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $147.33. The stock has a 50-day moving average price of $139.29 and a 200 day moving average price of $138.24. The stock has a market capitalization of $95.87 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.24 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.43 and a debt-to-equity ratio of 0.52.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Danaher had a return on equity of 11.42% and a net margin of 12.13%. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Danaher Co. will post 4.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. Danaher’s dividend payout ratio is currently 15.04%.

A number of analysts recently issued reports on the company. Argus lifted their price objective on Danaher to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Robert W. Baird lifted their price objective on Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Credit Suisse Group reissued an “outperform” rating and set a $151.00 price objective on shares of Danaher in a research report on Monday, October 14th. Needham & Company LLC reduced their price objective on Danaher from $155.00 to $152.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Piper Jaffray Companies lifted their price objective on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.86.

In related news, Chairman Mitchell P. Rales purchased 2,500 shares of Danaher stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $139.52 per share, with a total value of $348,800.00. Following the completion of the transaction, the chairman now directly owns 3,030,453 shares of the company’s stock, valued at $422,808,802.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 11.40% of the stock is owned by insiders.

Danaher Company Profile

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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