YHB Investment Advisors Inc. Has $14.95 Million Holdings in Danaher Co. (NYSE:DHR)

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.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Danaher had a return on equity of 11.53% and a net margin of 12.22%. Danaher’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. Equities research analysts anticipate that Danaher Co. will post 4.79 EPS for the current fiscal year.

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 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.

See Also: Preferred Stock

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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