Advisor OS LLC Invests $359,000 in Danaher Co. (NYSE:DHR)

Advisor OS LLC bought a new position in Danaher Co. (NYSE:DHR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,029 shares of the conglomerate’s stock, valued at approximately $359,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Danaher by 10.0% in the first quarter. Capital International Investors now owns 6,802,713 shares of the conglomerate’s stock worth $941,564,000 after acquiring an additional 619,550 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Danaher by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 5,336,163 shares of the conglomerate’s stock worth $943,593,000 after acquiring an additional 96,524 shares in the last quarter. Legal & General Group Plc increased its position in shares of Danaher by 6.1% in the first quarter. Legal & General Group Plc now owns 4,219,359 shares of the conglomerate’s stock worth $584,323,000 after acquiring an additional 241,613 shares in the last quarter. Fred Alger Management LLC grew its position in Danaher by 4.6% during the first quarter. Fred Alger Management LLC now owns 3,508,036 shares of the conglomerate’s stock valued at $485,547,000 after purchasing an additional 155,156 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its position in Danaher by 11.3% during the first quarter. Pictet Asset Management Ltd. now owns 3,461,644 shares of the conglomerate’s stock valued at $479,126,000 after purchasing an additional 351,689 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on DHR. Needham & Company LLC boosted their price objective on shares of Danaher from $183.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group boosted their price objective on shares of Danaher from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their price objective on shares of Danaher from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Wolfe Research raised shares of Danaher from a “peer perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research report on Tuesday, June 16th. Finally, Credit Suisse Group boosted their price objective on shares of Danaher from $165.00 to $169.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $197.73.

Shares of Danaher stock traded up $0.75 on Tuesday, reaching $208.68. The stock had a trading volume of 56,495 shares, compared to its average volume of 2,985,939. The business’s 50-day moving average price is $203.85 and its two-hundred day moving average price is $171.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.74 and a current ratio of 2.20. Danaher Co. has a fifty-two week low of $119.60 and a fifty-two week high of $210.57. The stock has a market cap of $147.51 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, July 23rd. The conglomerate reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.35. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Danaher had a net margin of 17.73% and a return on equity of 11.88%. Danaher’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, equities analysts forecast that Danaher Co. will post 5.47 earnings per share for the current fiscal year.

In related news, SVP Angela S. Lalor sold 77,909 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $205.50, for a total transaction of $16,010,299.50. Following the completion of the transaction, the senior vice president now directly owns 52,445 shares in the company, valued at approximately $10,777,447.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Schwieters sold 6,014 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $193.95, for a total transaction of $1,166,415.30. Following the transaction, the director now owns 25,394 shares of the company’s stock, valued at $4,925,166.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 530,474 shares of company stock valued at $104,501,669. Corporate insiders own 11.70% of the company’s stock.

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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