ORG Partners LLC increased its holdings in Danaher Co. (NYSE:DHR – Free Report) by 240.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 728 shares of the conglomerate’s stock after buying an additional 514 shares during the period. ORG Partners LLC’s holdings in Danaher were worth $168,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Danaher in the third quarter worth $25,000. BKM Wealth Management LLC purchased a new stake in shares of Danaher in the fourth quarter worth $27,000. OFI Invest Asset Management purchased a new stake in shares of Danaher in the third quarter worth $30,000. First Capital Advisors Group LLC. purchased a new stake in shares of Danaher in the second quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Danaher in the third quarter worth $34,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Insider Buying and Selling
In related news, SVP Daniel Raskas sold 23,757 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $252.00, for a total value of $5,986,764.00. Following the sale, the senior vice president now directly owns 38,102 shares of the company’s stock, valued at $9,601,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Danaher news, SVP Georgeann Couchara sold 2,622 shares of Danaher stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $242.67, for a total transaction of $636,280.74. Following the sale, the senior vice president now directly owns 4,244 shares of the company’s stock, valued at approximately $1,029,891.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Raskas sold 23,757 shares of Danaher stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $252.00, for a total value of $5,986,764.00. Following the sale, the senior vice president now directly owns 38,102 shares in the company, valued at $9,601,704. The disclosure for this sale can be found here. Insiders have sold 32,957 shares of company stock valued at $8,265,802 over the last ninety days. 11.10% of the stock is owned by insiders.
Analyst Ratings Changes
Danaher Stock Down 1.7 %
Shares of NYSE:DHR opened at $239.95 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $177.69 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 3.65 and a beta of 0.83. Danaher Co. has a 12-month low of $182.09 and a 12-month high of $259.00. The stock’s 50-day moving average price is $249.71 and its 200-day moving average price is $229.90.
Danaher (NYSE:DHR – Get Free Report) last posted its earnings results on Tuesday, January 30th. The conglomerate reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.18. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Danaher had a return on equity of 12.25% and a net margin of 17.26%. Danaher’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $2.87 earnings per share. On average, equities analysts anticipate that Danaher Co. will post 7.62 earnings per share for the current year.
Danaher Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 28th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from Danaher’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.45%. Danaher’s dividend payout ratio (DPR) is presently 16.90%.
About Danaher
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.
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