Condor Capital Management Decreases Stake in Danaher Corporation (NYSE:DHR)

Judith Bessette
Julho 22, 2017

Moreover, International Value Advisers Llc has 2.38% invested in the company for 2.60 million shares. Following the completion of the transaction, the director now directly owns 84,800 shares in the company, valued at approximately $7,018,048. Dodge & Cox bought a new position in Danaher Corporation during the fourth quarter valued at approximately $406,424,000. OR now owns 214,507 shares of the conglomerate's stock valued at $16,697,000 after buying an additional 31,038 shares during the last quarter. Baystate Wealth Management LLC now owns 2,115 shares of the conglomerate's stock valued at $181,000 after buying an additional 215 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Danaher Corporation by 5.4% in the second quarter. AGF Investments Inc. increased its stake in Danaher Corporation by 0.3% in the first quarter. Motco now owns 1,848 shares of the conglomerate's stock worth $158,000 after buying an additional 390 shares in the last quarter. USA Financial Portformulas Corp raised its position in shares of Danaher Corporation by 9.5% in the fourth quarter. Benin Management CORP now owns 4,070 shares of the conglomerate's stock worth $348,000 after buying an additional 45 shares in the last quarter.

Danaher Corporation (NYSE DHR) traded down 0.18% on Friday, reaching $83.05. The firm has a 50-day moving average of $84.80 and a 200-day moving average of $84.19. Danaher Corporation had 52 analyst reports since July 28, 2015 according to SRatingsIntel. Danaher Corporation had a return on equity of 11.82% and a net margin of 12.30%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter previous year, the firm posted $0.90 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Danaher Corporation will post $3.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th.

On 9/13/2016 Danaher Corporation announced a quarterly dividend of $0.13 0.65% with an ex dividend date of 9/28/2016 which will be payable on 10/28/2016. This dividend represents a yeild of $0.66 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Wednesday, June 28th. The stock of Danaher Corporation (NYSE:DHR) has "Overweight" rating given on Monday, October 5 by Barclays Capital.

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Several research firms have weighed in on DHR. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $88.00 price objective (down previously from $89.00) on shares of Danaher Corporation in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. BidaskClub raised shares of Danaher Corporation from a "sell" rating to a "hold" rating in a report on Wednesday.

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The current consensus rating on Danaher Corporation (NYSE:DHR) is Buy (Score: 2.81) with a consensus target price of $91.50 per share, a potential 10.17% upside. Danaher Corporation now has a consensus rating of "Buy" and a consensus target price of $91.98.

Among 9 analysts covering Unilever NV (NYSE:UN), 5 have Buy rating, 0 Sell and 4 Hold. Credit Suisse Group reissued a "buy" rating and set a $93.00 target price on shares of Danaher Corporation in a research note on Wednesday, May 24th.

On 2/24/2017 Robert S Lutz, SVP, sold 37,870 with an average share price of $85.60 per share and the total transaction amounting to $3,241,672.00. It is calculated by multiplying the price of a stock by its total number of outstanding shares. $521,017 worth of Danaher Corporation (NYSE:DHR) shares were sold by Lalor Angela S. Another trade for 196,309 shares valued at $16.44M was made by Joyce Thomas Patrick JR on Wednesday, February 1. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Following the completion of the transaction, the insider now directly owns 142,157 shares in the company, valued at $11,730,795.64. The disclosure for this purchase can be found here.

Stock market capitalization can allow investors to understand the relative size of one company versus another, ignoring specifics about capital structure that cause the share price of one firm to be higher than another firm.

Danaher Corp. operates as a medical company, which designs, manufactures, and markets healthcare, environmental, and industrial equipment.

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