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Danaher Co. (NYSE:DHR) Sees Significant Drop in Short Interest

Danaher Co. (NYSE:DHR) Sees Significant Drop in Short Interest

In December, there was a sizeable drop in the number of short positions held in Danaher Co. (NYSE: DHR). As of November 30, there were 3,560,000 shares borrowed, but as of December 15, there were only 3,310,000. This represents a 7.0% decrease from the number of borrowed shares as of November 30. The days-to-cover ratio is 1.2, and this number was calculated based on an average daily trading volume of 2,720,000 shares. The ratio was determined in this way. At any given time, approximately 0.5% of the total number of shares in the company are sold short.
The most recent earnings report for Danaher, traded on the NYSE under the symbol DHR, was released on October 20. The international business conglomerate announced quarterly earnings of $2.56 per share, which is $0.32 higher than the consensus expectation of $2.24 per share. During the year, Danaher achieved a net margin of 21.65% and an equity return of 18.33%. The actual quarterly sales for the company came in at $7.66 billion, which is substantially higher than the average prediction of $7.17 billion for the quarter’s sales. In addition, the company reported a profit of $2.39 per share for the same period in the previous year’s financial statements. The rise in the company’s revenue was 6.0% higher than the previous year. According to projections made by analysts participating in equity research, Danaher will finish the current fiscal year with 10.53 cents per share earnings.
The company has stated a quarterly dividend, which will be paid on the 27th of this month. The announcement was made earlier this month. Those shareholders who were owners of record as of December 30 will be eligible to receive a dividend payment of $0.25 per share, which will be distributed to those shareholders. This equates to an annual dividend payment of $1 and a dividend yield of 0.38% for the stock. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. At this juncture, Danaher’s dividend payout ratio (also known as DPR) has arrived at 11.05 percent.
On Wednesday, the NYSE DHR began trading at $262.27 as the opening price. The market capitalization of the company is currently sitting at $190.92 billion. At the same time, its price-to-earnings ratio stands at 28.98, its price-to-earnings-to-growth ratio sits at 2.13, and its beta value sits at 0.82. The price of Danaher stock hit a low of $233.71 during the 52 weeks, while it reached a high of $316.04 during the same period. The moving averages for the previous 50 days at the company are $261.90, and the moving averages for the previous 200 days are $267.46. The ratio of the current ratio to the quick ratio is 1.78, while the ratio of the current ratio to the quick ratio is 1.38. The ratio of debt to equity is 0.41.
According to reports from other sources, Executive Vice President Joakim Weidemanis sold 9,508 shares of the company’s stock on Monday, November 28. This information was made public. The total amount received for the sale of the shares was $2,534,832.80, which is equivalent to an average price of $266.60 per share. As a result of the completion of the transaction, the executive vice president now owns 71,498 shares of the company’s stock. The current market value of these shares is $19,061,366.80. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. In addition, you will have the opportunity to acquire additional information regarding the transaction. On November 15, the company’s senior vice president, Georgeann Cuchara, is said to have sold a total of 1,884 shares of Danaher stock. This is according to other news regarding the company. The shares were sold for a total value of $511,713.24 and bought back at an average price of $271.61 per share. Following the completion of the transaction, the senior vice president now owns 2,588 shares of the company, which have a combined value of $702,926.68. You will be taken to the legal file presented to the Securities and Exchange Commission if you click the link. In this file, the transaction is described in greater detail. On November 28, Joakim Weidemanis, the company’s Executive Vice President, sold a total of 9,508 shares of the company’s stock. The purchase of each share occurred at an average price of $266.60 throughout the sale, which resulted in the total value of the transaction being $2,534,832.80. Due to the sale, the executive vice president now owns 71,498 shares. The current market price for all of these shares is $19,061,366.80. Disclosures that are related to the sale might be found in this section of the website. Within the past three months, corporate insiders have sold a total of 39,038 shares, resulting in a profit of $10,550,749 for the group. 11.20 corporate insiders own a percent of the company’s shares.
In the most recent few months, several hedge funds and institutional investors have shifted the ownership stakes they hold in the company due to various investment opportunities. In the second quarter, Steward Financial Group LLC made a 330.4 percent increase in the amount of Danaher stock it owned. At the moment, Steward Financial Group LLC is the happy owner of 99 shares of the company’s stock, each of which has a value of $2,500, according to the most recent market data. During that period, it made additional purchases that brought the total number of shares acquired to 76. In addition, $27,000 was spent by Goodman Advisory Group LLC during the second quarter on purchasing an entirely new position in Danaher. Through the third quarter, Moisand Fitzgerald Tamayo LLC increased the number of Danaher shares owned by 5,850.0%. After purchasing an additional 117 shares throughout the period, Moisand Fitzgerald Tamayo LLC now holds 119 shares of the conglomerate’s stock, which is currently valued at $31,000. These 119 shares were acquired following the purchase of an additional 117 shares. In addition, investors Asset Management of Georgia Inc. (GA ADV) shelled out $32,000 during the second quarter to acquire a new position in Danaher. And finally, by the end of the third quarter, the value of Bellwether Advisors LLC’s stock holdings in Danaher had increased by 157.7% since the beginning of the period. Following acquiring an additional 82 shares during the period in question, Bellwether Advisors LLC now holds 134 shares of the conglomerate’s stock. Based on the current market price, this amounts to $34,000. Currently, a total of 77.26% of the company’s shares are owned by hedge funds and other institutional investors.

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