Teacher Retirement System of Texas Sells 14,506 Shares of Danaher Co. (NYSE:DHR)

Teacher Retirement System of Texas cut its position in Danaher Co. (NYSE:DHR) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 416,263 shares of the conglomerate’s stock after selling 14,506 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Danaher worth $59,492,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its stake in shares of Danaher by 0.4% in the first quarter. Northern Trust Corp now owns 8,887,690 shares of the conglomerate’s stock valued at $1,173,352,000 after buying an additional 34,065 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Danaher by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 7,527,142 shares of the conglomerate’s stock valued at $774,743,000 after purchasing an additional 583,194 shares during the last quarter. Findlay Park Partners LLP lifted its holdings in Danaher by 0.9% during the 1st quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock valued at $611,913,000 after purchasing an additional 40,000 shares during the last quarter. Jennison Associates LLC acquired a new stake in Danaher during the 1st quarter valued at $489,930,000. Finally, American Century Companies Inc. lifted its holdings in Danaher by 3.7% during the 1st quarter. American Century Companies Inc. now owns 3,700,569 shares of the conglomerate’s stock valued at $488,549,000 after purchasing an additional 133,300 shares during the last quarter. 79.49% of the stock is owned by institutional investors and hedge funds.

Shares of DHR traded up $0.08 during midday trading on Wednesday, reaching $140.15. 676,573 shares of the stock were exchanged, compared to its average volume of 2,103,424. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $145.50. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The company has a market cap of $100.68 billion, a P/E ratio of 31.01, a PEG ratio of 2.53 and a beta of 0.94. The stock’s 50 day simple moving average is $141.20 and its 200 day simple moving average is $131.85.

Danaher (NYSE:DHR) last posted its earnings results on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Danaher Co. will post 4.79 earnings per share for the current year.

In related news, CAO Robert S. Lutz sold 14,668 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $143.28, for a total value of $2,101,631.04. Following the transaction, the chief accounting officer now owns 21,054 shares in the company, valued at $3,016,617.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William K. Daniel sold 164,164 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 194,627 shares in the company, valued at approximately $25,774,453.61. The disclosure for this sale can be found here. Insiders have sold 354,316 shares of company stock valued at $48,598,531 in the last three months. Insiders own 11.40% of the company’s stock.

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $155.00 price target (up previously from $142.00) on shares of Danaher in a report on Friday, July 19th. Robert W. Baird raised their price target on Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Royal Bank of Canada set a $134.00 price target on Danaher and gave the company a “hold” rating in a report on Friday, July 19th. Piper Jaffray Companies raised their price target on Danaher from $148.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, Argus raised their price target on Danaher to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Danaher currently has an average rating of “Buy” and a consensus target price of $143.54.

About Danaher

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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