Institutional investor Quantum Private Wealth LLC raised its stake in Danaher Co. during the second quarter, according to its most recent Form 40.9F filing with the Securities & Exchange Commission. (NYSE: DHR ) by 13%. The firm now owns 2,793 shares of the conglomerate’s stock after purchasing an additional 811 shares during the quarter. Quantum Private Wealth LLC’s holdings in Danaher were worth $670,000 at the end of the reporting period.
Plimoth Trust Co. LLC, AM Investment Strategies LLC, M&R Capital Management Inc., Silver Oak Securities Incorporated and Bank Pictet & Cie Asia Ltd. are also among the institutional investors that recently modified their positions in Danaher.
Danaher stock traded at $216.11 per share with 487,361 50 shares trading on Wednesday. The stock has a 249.49-day SMA at $200 and a 243.94-day SMA at $159.56. Danaher has a market capitalization of $25.68 billion and a price-to-earnings ratio of XNUMX.
In its latest quarterly earnings report, Danaher reported earnings per share (EPS) of $2.05, beating the consensus estimate of $2.01. The company reported revenue of $7.16 billion for the quarter, topping the consensus estimate of $7.12 billion. Danaher has a net margin of 20.95% and a return on equity of 15.03%.
Danaher also declared a quarterly dividend of $0.27 per share, payable on October 27th. The ex-dividend date is October 11. The dividend payout ratio is currently 12.68%.
Corporate officers, including director Teri List and SVP Daniel Raskas, have recently sold shares of Danaher stock. Insiders sold a total of 47,922 shares worth $12,552,233 in the last three months.
Several equities analysts have issued ratings and price targets for DHR shares. While four analysts have rated the stock a “hold”, thirteen have given it a “buy” rating.
Sources:
– DANAH: Danaher Co Stock Quote – www.zacks.com
– Form 13F – Securities and Exchange Commission website
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2023-10-11 22:29:20
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