Nicholas Hoffman & Company LLC. boosted its holdings in shares of Danaher Co. (NYSE:DHR) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,678 shares of the conglomerate’s stock after buying an additional 71 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Danaher were worth $232,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DHR. Norges Bank purchased a new stake in shares of Danaher in the 4th quarter valued at approximately $1,095,974,000. Fisher Asset Management LLC increased its position in shares of Danaher by 38,462.8% in the 1st quarter. Fisher Asset Management LLC now owns 1,878,392 shares of the conglomerate’s stock valued at $259,988,000 after purchasing an additional 1,873,521 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Danaher by 26.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,296,233 shares of the conglomerate’s stock valued at $812,866,000 after purchasing an additional 1,110,841 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Danaher by 12.8% in the 4th quarter. Janus Henderson Group PLC now owns 5,210,644 shares of the conglomerate’s stock valued at $799,731,000 after purchasing an additional 592,810 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Danaher by 21.3% in the 1st quarter. Swiss National Bank now owns 2,778,920 shares of the conglomerate’s stock valued at $384,630,000 after purchasing an additional 488,000 shares during the last quarter. Institutional investors own 77.88% of the company’s stock.
In other news, SVP Daniel Raskas sold 37,082 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $164.09, for a total value of $6,084,785.38. Following the completion of the sale, the senior vice president now owns 19,723 shares in the company, valued at approximately $3,236,347.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert S. Lutz sold 33,892 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $161.68, for a total transaction of $5,479,658.56. Following the completion of the sale, the chief accounting officer now owns 18,950 shares of the company’s stock, valued at approximately $3,063,836. The disclosure for this sale can be found here. Insiders have sold a total of 70,974 shares of company stock worth $11,564,444 over the last three months. 11.70% of the stock is currently owned by insiders.
Danaher stock traded up $0.60 during midday trading on Friday, hitting $158.26. 1,483,268 shares of the company’s stock were exchanged, compared to its average volume of 3,639,653. Danaher Co. has a 12-month low of $119.60 and a 12-month high of $170.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.01 and a current ratio of 1.32. The stock has a market cap of $109.97 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 3.56 and a beta of 0.93. The firm’s 50 day simple moving average is $155.43 and its 200 day simple moving average is $151.19.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Danaher had a net margin of 16.85% and a return on equity of 11.52%. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the firm posted $1.07 EPS. Danaher’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Danaher Co. will post 4.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.45%. The ex-dividend date is Thursday, June 25th. Danaher’s payout ratio is currently 16.29%.
Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments; Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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