Trade Report: Today, Bristol Gate Capital Partners Inc. Buys Shares of 352,402 Danaher Corp. (DHR)

Today, Bristol Gate Capital Partners Inc. Buys Shares of 352,402 Danaher Corp. (DHR)

Bristol Gate Capital Partners Inc. acquired a new position in shares of Danaher Corp. (NYSE:DHR) during the third quarter, Holdings Channel reports. The fund acquired 352,402 shares of the company’s stock, valued at approximately $27,625,000. Danaher Corp. makes up 4.8% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 12th largest position.

Other institutional investors have also recently made changes to their positions in the company. Palisade Capital Management LLC NJ raised its position in Danaher Corp. by 2.5% in the second quarter. Palisade Capital Management LLC NJ now owns 126,438 shares of the company’s stock valued at $12,770,000 after buying an additional 3,142 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. raised its position in Danaher Corp. by 12.1% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,545,881 shares of the company’s stock valued at $156,134,000 after buying an additional 167,295 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Danaher Corp. by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 135,473 shares of the company’s stock valued at $13,683,000 after buying an additional 576 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Danaher Corp. by 6.0% in the second quarter. Nisa Investment Advisors LLC now owns 221,657 shares of the company’s stock valued at $22,387,000 after buying an additional 12,625 shares during the last quarter. Finally, Welch & Forbes LLC raised its position in Danaher Corp. by 1.3% in the second quarter. Welch & Forbes LLC now owns 725,947 shares of the company’s stock valued at $73,320,000 after buying an additional 9,184 shares during the last quarter. 74.86% of the stock is currently owned by institutional investors.

Danaher Corp. (NYSE:DHR) traded down 0.73% during mid-day trading on Monday, reaching $78.98. The company’s stock had a trading volume of 1,223,170 shares. Danaher Corp. has a one year low of $61.60 and a one year high of $82.64. The stock has a 50-day moving average price of $78.39 and a 200-day moving average price of $78.17. The company has a market capitalization of $54.63 billion, a price-to-earnings ratio of 22.09 and a beta of 1.06.

Danaher Corp. (NYSE:DHR) last announced its earnings results on Thursday, October 20th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Danaher Corp. had a return on equity of 12.90% and a net margin of 11.78%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities research analysts forecast that Danaher Corp. will post $3.59 EPS for the current year.

DHR has been the topic of several recent research reports. Cowen and Company initiated coverage on Danaher Corp. in a research report on Tuesday, August 2nd. They set a “market perform” rating on the stock. Citigroup Inc. restated a “market perform” rating and set a $85.00 price target on shares of Danaher Corp. in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded Danaher Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Morgan Stanley reiterated a “buy” rating and issued a $86.00 price objective on shares of Danaher Corp. in a research report on Wednesday, August 31st. Finally, Barclays PLC lifted their price objective on Danaher Corp. from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 7th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.14.

In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of the stock in a transaction on Friday, October 21st. The stock was sold at an average price of $79.68, for a total transaction of $2,878,440.00. Following the sale, the insider now owns 205,407 shares of the company’s stock, valued at approximately $16,366,829.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.60% of the company’s stock.

Danaher Corp. Company Profile

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.

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