Shikiar Asset Management Inc. decreased its stake in Danaher Co. (NYSE:DHR) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,852 shares of the conglomerate’s stock after selling 2,520 shares during the period. Danaher makes up 1.8% of Shikiar Asset Management Inc.’s portfolio, making the stock its 20th largest holding. Shikiar Asset Management Inc.’s holdings in Danaher were worth $4,656,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Gardiner Nancy B lifted its position in Danaher by 5.8% in the third quarter. Gardiner Nancy B now owns 9,110 shares of the conglomerate’s stock worth $991,000 after purchasing an additional 500 shares during the period. Reilly Financial Advisors LLC lifted its position in Danaher by 62.6% in the third quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock worth $141,000 after purchasing an additional 501 shares during the period. Securian Asset Management Inc lifted its position in Danaher by 0.8% in the second quarter. Securian Asset Management Inc now owns 62,119 shares of the conglomerate’s stock worth $6,130,000 after purchasing an additional 504 shares during the period. Centaurus Financial Inc. lifted its position in Danaher by 20.3% in the second quarter. Centaurus Financial Inc. now owns 3,026 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 510 shares during the period. Finally, Whitnell & Co. lifted its position in Danaher by 2.1% in the third quarter. Whitnell & Co. now owns 25,270 shares of the conglomerate’s stock worth $2,746,000 after purchasing an additional 514 shares during the period. Institutional investors and hedge funds own 76.80% of the company’s stock.
In other news, insider William King sold 53,433 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $101.64, for a total value of $5,430,930.12. Following the completion of the sale, the insider now directly owns 36,425 shares in the company, valued at $3,702,237. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William K. Daniel sold 103,086 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $100.63, for a total value of $10,373,544.18. Following the completion of the sale, the executive vice president now owns 167,080 shares of the company’s stock, valued at $16,813,260.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,881 shares of company stock valued at $19,737,553. 11.90% of the stock is currently owned by corporate insiders.
Shares of NYSE DHR opened at $104.07 on Thursday. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.95 and a beta of 1.04. Danaher Co. has a 52-week low of $91.65 and a 52-week high of $110.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.53 and a quick ratio of 1.08.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.03. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Danaher had a return on equity of 11.59% and a net margin of 14.07%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. As a group, sell-side analysts predict that Danaher Co. will post 4.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. Danaher’s dividend payout ratio (DPR) is presently 15.88%.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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