Virtu Financial LLC acquired a new stake in Danaher Co. (NYSE:DHR) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,262 shares of the conglomerate’s stock, valued at approximately $958,000.
A number of other large investors have also recently bought and sold shares of DHR. Laurel Wealth Advisors LLC purchased a new stake in shares of Danaher during the 4th quarter worth approximately $27,000. CX Institutional increased its stake in shares of Danaher by 188.7% during the 1st quarter. CX Institutional now owns 205 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 134 shares during the last quarter. Hanson McClain Inc. increased its stake in shares of Danaher by 852.9% during the 4th quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 290 shares during the last quarter. Executive Wealth Management LLC purchased a new stake in shares of Danaher during the 4th quarter worth approximately $39,000. Finally, Ruggie Capital Group purchased a new stake in shares of Danaher during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 77.59% of the company’s stock.
DHR opened at $128.18 on Wednesday. The company has a market capitalization of $93.40 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 2.39 and a beta of 1.04. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $134.50. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be issued a $0.17 dividend. The ex-dividend date is Thursday, March 28th. This is an increase from Danaher’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 0.53%. Danaher’s dividend payout ratio (DPR) is 15.04%.
In related news, SVP Angela S. Lalor sold 4,534 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $127.25, for a total value of $576,951.50. Following the completion of the transaction, the senior vice president now directly owns 21,209 shares of the company’s stock, valued at approximately $2,698,845.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Walter G. Lohr sold 10,578 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $126.85, for a total transaction of $1,341,819.30. Following the completion of the transaction, the director now directly owns 20,691 shares of the company’s stock, valued at $2,624,653.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,150 shares of company stock valued at $23,279,637. 11.40% of the stock is owned by insiders.
Several brokerages have recently issued reports on DHR. JPMorgan Chase & Co. restated an “overweight” rating and set a $140.00 price target on shares of Danaher in a research note on Monday, March 4th. Needham & Company LLC restated a “buy” rating and set a $138.00 price target (up previously from $114.00) on shares of Danaher in a research note on Thursday, February 28th. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Tuesday, April 9th. Janney Montgomery Scott upgraded shares of Danaher from a “neutral” rating to a “buy” rating in a research note on Monday, February 25th. Finally, Cowen restated a “buy” rating and set a $110.00 price target on shares of Danaher in a research note on Monday, January 7th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $125.69.
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Danaher Company 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.
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