Teacher Retirement System of Texas Has $11,281,000 Position in Danaher Corp. (DHR)
Teacher Retirement System of Texas decreased its stake in Danaher Corp. (NYSE:DHR) by 79.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,903 shares of the company’s stock after selling 544,639 shares during the period. Teacher Retirement System of Texas’ holdings in Danaher Corp. were worth $11,281,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHR. Global X Management Co. LLC raised its position in Danaher Corp. by 83.4% in the second quarter. Global X Management Co. LLC now owns 1,080 shares of the company’s stock valued at $109,000 after buying an additional 491 shares during the period. Thompson Davis & CO. Inc. raised its position in Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock valued at $130,000 after buying an additional 170 shares during the period. Cribstone Capital Management LLC purchased a new position in Danaher Corp. during the second quarter valued at approximately $132,000. Benjamin F. Edwards & Company Inc. raised its position in Danaher Corp. by 115.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,309 shares of the company’s stock valued at $103,000 after buying an additional 702 shares during the period. Finally, Wealthcare Capital Management LLC purchased a new position in Danaher Corp. during the second quarter valued at approximately $144,000. 74.86% of the stock is currently owned by institutional investors.
Danaher Corp. (NYSE:DHR) traded down 1.118% during trading on Wednesday, reaching $78.245. The company had a trading volume of 1,420,497 shares. Danaher Corp. has a 52-week low of $61.60 and a 52-week high of $82.64. The stock has a market cap of $54.12 billion, a PE ratio of 21.887 and a beta of 1.06. The company has a 50-day moving average price of $78.41 and a 200 day moving average price of $78.26.
Danaher Corp. (NYSE:DHR) last posted its earnings results on Thursday, October 20th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Danaher Corp. had a return on equity of 12.90% and a net margin of 11.78%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Danaher Corp. will post $3.59 earnings per share for the current year.
A number of research analysts have recently issued reports on DHR shares. Zacks Investment Research raised Danaher Corp. from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, September 27th. Jefferies Group reissued a “buy” rating on shares of Danaher Corp. in a report on Thursday, September 8th. Evercore ISI reissued a “buy” rating and issued a $89.00 target price on shares of Danaher Corp. in a report on Wednesday, October 12th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $90.00 target price on shares of Danaher Corp. in a report on Thursday, October 6th. Finally, RBC Capital Markets set a $86.00 target price on Danaher Corp. and gave the company a “hold” rating in a report on Friday, October 21st. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Danaher Corp. presently has an average rating of “Buy” and an average price target of $92.14.
In other news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of Danaher Corp. stock in a transaction on 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 in the company, valued at approximately $16,366,829.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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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