Danaher Co. (NYSE:DHR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Danaher Co. (NYSE:DHR) by 6.1% in the second quarter, Holdings Channel.com reports. The firm owned 96,780 shares of the conglomerate’s stock after selling 6,250 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Danaher were worth $17,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHR. Howe & Rusling Inc. grew its holdings in Danaher by 81.4% during the 2nd quarter. Howe & Rusling Inc. now owns 156 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 70 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in Danaher during the 2nd quarter worth $35,000. Trustcore Financial Services LLC grew its holdings in Danaher by 36.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 230 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 62 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in Danaher by 1,055.6% during the 1st quarter. Prestige Wealth Management Group LLC now owns 312 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 285 shares in the last quarter. Finally, Cedar Mountain Advisors LLC grew its holdings in Danaher by 33.9% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 241 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 61 shares in the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

DHR has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Danaher from $181.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Jefferies Financial Group raised their price objective on shares of Danaher from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Royal Bank of Canada raised their price objective on shares of Danaher from $205.00 to $218.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Robert W. Baird raised their price target on shares of Danaher from $163.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Needham & Company LLC raised their price target on shares of Danaher from $183.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $197.73.

NYSE:DHR traded down $1.64 during mid-day trading on Wednesday, hitting $207.05. The stock had a trading volume of 1,823,078 shares, compared to its average volume of 2,971,653. The stock has a market capitalization of $148.05 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 3.22 and a beta of 0.91. The company has a 50 day simple moving average of $204.10 and a 200-day simple moving average of $171.62. Danaher Co. has a 52 week low of $119.60 and a 52 week high of $210.57. The company has a current ratio of 2.20, a quick ratio of 1.74 and a debt-to-equity ratio of 0.68.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, September 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.35%. Danaher’s dividend payout ratio (DPR) is 16.29%.

In other Danaher news, SVP William King sold 26,982 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $199.09, for a total transaction of $5,371,846.38. Following the sale, the senior vice president now directly owns 29,821 shares in the company, valued at approximately $5,937,062.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela S. Lalor sold 38,954 shares of Danaher stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $205.00, for a total transaction of $7,985,570.00. Following the completion of the transaction, the senior vice president now directly owns 52,445 shares in the company, valued at approximately $10,751,225. The disclosure for this sale can be found here. Insiders have sold a total of 530,474 shares of company stock worth $104,501,669 over the last 90 days. 11.70% of the stock is owned by insiders.

About Danaher

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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