47,795 Shares in Danaher Co. (NYSE:DHR) Acquired by 6 Meridian

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6 Meridian acquired a new position in shares of Danaher Co. (NYSE:DHR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 47,795 shares of the conglomerate’s stock, valued at approximately $6,903,000.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Danaher by 1.4% during the second quarter. Vanguard Group Inc. now owns 48,262,218 shares of the conglomerate’s stock worth $6,897,635,000 after buying an additional 686,421 shares in the last quarter. Northern Trust Corp lifted its position in Danaher by 0.5% during the second quarter. Northern Trust Corp now owns 8,929,430 shares of the conglomerate’s stock worth $1,276,194,000 after buying an additional 41,740 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Danaher by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 5,753,246 shares of the conglomerate’s stock worth $822,255,000 after buying an additional 188,752 shares in the last quarter. Jennison Associates LLC lifted its position in Danaher by 38.4% during the second quarter. Jennison Associates LLC now owns 5,135,358 shares of the conglomerate’s stock worth $733,945,000 after buying an additional 1,424,328 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Danaher by 10,853.5% during the second quarter. Nuveen Asset Management LLC now owns 3,664,924 shares of the conglomerate’s stock worth $523,790,000 after buying an additional 3,631,465 shares in the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.

In other news, insider Brian W. Ellis sold 1,010 shares of Danaher stock in a transaction on 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 directly owns 20,889 shares of the company’s stock, valued at $3,008,851.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Robert S. Lutz sold 14,668 shares of Danaher stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $143.28, for a total value of $2,101,631.04. Following the completion of the sale, the chief accounting officer now directly owns 21,054 shares of the company’s stock, valued at $3,016,617.12. The disclosure for this sale can be found here. Insiders own 11.40% of the company’s stock.

DHR stock opened at $137.08 on Wednesday. The business has a fifty day moving average of $140.95 and a two-hundred day moving average of $137.76. 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 stock has a market cap of $99.16 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. Danaher Co. has a 52-week low of $94.59 and a 52-week high of $147.33.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. Danaher’s payout ratio is presently 15.04%.

A number of equities analysts recently commented on the company. Argus lifted their price objective on Danaher to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Credit Suisse Group reiterated an “outperform” rating and set a $151.00 price objective on shares of Danaher in a research report on Monday, October 14th. Piper Jaffray Companies raised their target price on Danaher from $148.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Robert W. Baird raised their target price on Danaher from $131.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $155.00 target price (up previously from $142.00) on shares of Danaher in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $146.29.

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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