YHB Investment Advisors Inc. lowered its stake in Danaher Co. (NYSE:DHR) by 2.4% in the 2nd quarter, Holdings Channel reports. The firm owned 104,568 shares of the conglomerate’s stock after selling 2,585 shares during the quarter. Danaher accounts for approximately 2.4% of YHB Investment Advisors Inc.’s portfolio, making the stock its 8th largest position. YHB Investment Advisors Inc.’s holdings in Danaher were worth $14,945,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of DHR. Northern Trust Corp increased its stake in Danaher by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,887,690 shares of the conglomerate’s stock worth $1,173,352,000 after purchasing an additional 34,065 shares during the period. Geode Capital Management LLC increased its stake in shares of Danaher by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 7,527,142 shares of the conglomerate’s stock valued at $774,743,000 after buying an additional 583,194 shares during the period. Findlay Park Partners LLP increased its stake in shares of Danaher by 0.9% during the first quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock valued at $611,913,000 after buying an additional 40,000 shares during the period. Jennison Associates LLC purchased a new position in shares of Danaher during the first quarter valued at approximately $489,930,000. Finally, American Century Companies Inc. increased its stake in shares of Danaher by 3.7% during the first quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock valued at $488,549,000 after buying an additional 133,300 shares during the period. Hedge funds and other institutional investors own 78.84% of the company’s stock.
Shares of NYSE:DHR traded down $0.41 during midday trading on Wednesday, reaching $142.29. 557,576 shares of the company’s stock traded hands, compared to its average volume of 2,349,164. The company has a market capitalization of $102.07 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.57 and a beta of 0.96. The company has a current ratio of 2.32, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. Danaher Co. has a one year low of $94.59 and a one year high of $145.50. The stock’s 50 day moving average price is $141.95.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, June 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, June 27th. Danaher’s dividend payout ratio (DPR) is presently 15.04%.
DHR has been the topic of several research analyst reports. Wolfe Research initiated coverage on Waters in a research note on Thursday, May 30th. They set an “underperform” rating on the stock. Janney Montgomery Scott boosted their target price on Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Jaffray Companies raised Post from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $106.00 to $130.00 in a research note on Thursday, July 18th. Zacks Investment Research cut GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Netflix in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $143.54.
In other Danaher news, insider Brian W. Ellis sold 1,010 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $144.04, for a total value of $145,480.40. Following the completion of the sale, the insider now owns 20,889 shares in the company, valued at $3,008,851.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William K. Daniel sold 164,164 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $132.43, for a total value of $21,740,238.52. Following the completion of the sale, the executive vice president now owns 194,627 shares of the company’s stock, valued at approximately $25,774,453.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 392,121 shares of company stock valued at $53,603,339. 11.40% of the stock is owned by company insiders.
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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