Raleigh Capital Management Inc. boosted its holdings in Danaher Co. (NYSE:DHR – Free Report) by 68.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125 shares of the conglomerate’s stock after purchasing an additional 51 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Danaher were worth $32,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. GPS Wealth Strategies Group LLC acquired a new position in Danaher during the 1st quarter valued at about $25,000. Freedom Wealth Alliance LLC acquired a new position in Danaher during the 4th quarter valued at about $27,000. Chelsea Counsel Co. acquired a new position in Danaher during the 4th quarter valued at about $27,000. Silicon Valley Capital Partners purchased a new position in Danaher during the 1st quarter worth $29,000. Finally, Stone House Investment Management LLC purchased a new position in Danaher during the 1st quarter worth $32,000. Institutional investors and hedge funds own 76.71% of the company’s stock.
Danaher Trading Up 0.4 %
NYSE:DHR opened at $253.48 on Friday. The company has a market cap of $187.16 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.75 and a beta of 0.80. The stock’s fifty day moving average price is $252.58 and its two-hundred day moving average price is $245.00. Danaher Co. has a 1 year low of $221.22 and a 1 year high of $291.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 1.70.
Danaher Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, October 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.43%. Danaher’s dividend payout ratio (DPR) is currently 12.68%.
Analyst Ratings Changes
A number of research firms have issued reports on DHR. Raymond James lifted their price objective on shares of Danaher from $270.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Barclays boosted their target price on Danaher from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 25th. Bank of America boosted their target price on Danaher from $250.00 to $280.00 in a research note on Wednesday, July 26th. StockNews.com assumed coverage on shares of Danaher in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Danaher from $260.00 to $292.00 in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $289.79.
Insider Transactions at Danaher
In related news, SVP Jose-Carlos Gutierrez-Ramos sold 590 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $250.54, for a total transaction of $147,818.60. Following the completion of the transaction, the senior vice president now directly owns 6,939 shares in the company, valued at $1,738,497.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Teri List sold 3,490 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $263.30, for a total transaction of $918,917.00. Following the sale, the director now owns 17,494 shares in the company, valued at approximately $4,606,170.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jose-Carlos Gutierrez-Ramos sold 590 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $250.54, for a total transaction of $147,818.60. Following the sale, the senior vice president now owns 6,939 shares in the company, valued at approximately $1,738,497.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,922 shares of company stock valued at $12,552,233. 11.10% of the stock is currently owned by company insiders.
Danaher Company Profile
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.
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