Nexus Investment Management Inc. Has $1,877,000 Position in Danaher Corp. (DHR)
Nexus Investment Management Inc. held its stake in Danaher Corp. (NYSE:DHR) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,950 shares of the company’s stock at the end of the third quarter. Nexus Investment Management Inc.’s holdings in Danaher Corp. were worth $1,877,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Lincoln Capital LLC increased its stake in Danaher Corp. by 0.3% in the second quarter. Lincoln Capital LLC now owns 2,508 shares of the company’s stock worth $253,000 after buying an additional 8 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in Danaher Corp. by 0.5% in the second quarter. Clear Harbor Asset Management LLC now owns 4,006 shares of the company’s stock worth $405,000 after buying an additional 20 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Danaher Corp. by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,799 shares of the company’s stock worth $375,000 after buying an additional 28 shares during the last quarter. Cypress Wealth Advisors LLC increased its stake in Danaher Corp. by 0.8% in the second quarter. Cypress Wealth Advisors LLC now owns 4,617 shares of the company’s stock worth $466,000 after buying an additional 37 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in Danaher Corp. by 1.7% in the second quarter. Krilogy Financial LLC now owns 2,762 shares of the company’s stock worth $279,000 after buying an additional 47 shares during the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.
Shares of Danaher Corp. (NYSE:DHR) traded up 0.13% during trading on Tuesday, reaching $79.13. The company had a trading volume of 1,864,121 shares. Danaher Corp. has a 52-week low of $61.60 and a 52-week high of $82.64. The company has a 50 day moving average of $78.41 and a 200-day moving average of $78.26. The firm has a market capitalization of $54.73 billion, a P/E ratio of 22.13 and a beta of 1.06.
Danaher Corp. (NYSE:DHR) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates 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 was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts expect that Danaher Corp. will post $3.59 earnings per share for the current year.
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Several equities analysts recently issued reports on the company. Vetr upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $81.69 price objective on the stock in a research note on Monday, September 12th. Citigroup Inc. restated a “market perform” rating and set a $85.00 price objective on shares of Danaher Corp. in a research note on Tuesday, August 2nd. Barclays PLC raised their price objective on Danaher Corp. from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 7th. Morgan Stanley restated a “buy” rating and set a $86.00 price objective on shares of Danaher Corp. in a research note on Wednesday, August 31st. Finally, Cowen and Company upgraded Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Friday, November 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued 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 Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of the business’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $79.68, for a total value of $2,878,440.00. Following the transaction, the insider now owns 205,407 shares of the company’s stock, valued at $16,366,829.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.60% of the stock is owned by company insiders.
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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