Trade Report: Today, Meyer Handelman Co. Raises Stake in Danaher Corp. (DHR)

Today, Meyer Handelman Co. Raises Stake in Danaher Corp. (DHR)

Meyer Handelman Co. raised its position in shares of Danaher Corp. (NYSE:DHR) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,750 shares of the company’s stock after buying an additional 1,200 shares during the period. Meyer Handelman Co.’s holdings in Danaher Corp. were worth $14,639,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DHR. Exxonmobil Investment Management Inc. TX raised its stake in shares of Danaher Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 155,094 shares of the company’s stock worth $15,664,000 after buying an additional 9,538 shares during the period. Watch Point Trust Co raised its stake in shares of Danaher Corp. by 1.2% in the second quarter. Watch Point Trust Co now owns 20,185 shares of the company’s stock worth $2,039,000 after buying an additional 240 shares during the period. DNB Asset Management AS raised its stake in shares of Danaher Corp. by 4.4% in the second quarter. DNB Asset Management AS now owns 63,455 shares of the company’s stock worth $6,409,000 after buying an additional 2,700 shares during the period. Washington Trust Bank raised its stake in shares of Danaher Corp. by 88.4% in the second quarter. Washington Trust Bank now owns 1,950 shares of the company’s stock worth $197,000 after buying an additional 915 shares during the period. Finally, NEXT Financial Group Inc raised its stake in shares of Danaher Corp. by 23.2% in the second quarter. NEXT Financial Group Inc now owns 2,482 shares of the company’s stock worth $250,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 74.86% of the company’s stock.

Danaher Corp. (NYSE:DHR) traded down 0.6584% on Monday, hitting $79.0362. 1,552,112 shares of the company traded hands. The firm’s 50 day moving average price is $78.39 and its 200 day moving average price is $78.17. Danaher Corp. has a 1-year low of $61.60 and a 1-year high of $82.64. The firm has a market capitalization of $54.67 billion, a PE ratio of 22.1080 and a beta of 1.06.

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

Several research firms have recently issued reports on DHR. Citigroup Inc. reiterated a “market perform” rating and issued a $85.00 target price on shares of Danaher Corp. in a research note on Tuesday, August 2nd. Cowen and Company began coverage on shares of Danaher Corp. in a research note on Tuesday, August 2nd. They issued a “market perform” rating for the company. Morgan Stanley reiterated a “buy” rating and issued a $86.00 target price on shares of Danaher Corp. in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of Danaher Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, RBC Capital Markets set a $86.00 target price on shares of Danaher Corp. and gave the stock a “hold” rating in a research note on Friday, October 21st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Danaher Corp. presently has an average rating of “Buy” and an average target price of $92.14.

In other news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of Danaher Corp. stock in a transaction dated 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 transaction, the insider now directly owns 205,407 shares of the company’s stock, valued at approximately $16,366,829.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.60% of the company’s stock.

About Danaher Corp.

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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