Danaher Corp. (NYSE:DHR) has been assigned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $93.47.
DHR has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price target on Danaher Corp. from $96.00 to $99.00 and gave the company a “sector perform” rating in a report on Friday, May 27th. Bank of America Corp. reaffirmed a “buy” rating on shares of Danaher Corp. in a report on Sunday, May 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Danaher Corp. in a report on Sunday, May 29th. Citigroup Inc. lifted their price objective on Danaher Corp. from $102.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, June 13th. Finally, Sanford C. Bernstein reaffirmed a “hold” rating and set a $112.00 price objective on shares of Danaher Corp. in a report on Monday, June 13th.
In related news, CFO Daniel L. Comas sold 96,446 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total value of $7,800,552.48. Following the transaction, the chief financial officer now owns 215,716 shares in the company, valued at $17,447,110.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $81.44, for a total value of $3,737,851.68. Following the completion of the transaction, the insider now owns 179,054 shares in the company, valued at approximately $14,582,157.76. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHR. Global X Management Co. LLC boosted 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. boosted 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 acquired a new position in Danaher Corp. during the second quarter valued at approximately $132,000. Monetary Management Group Inc. boosted its position in Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the period. Finally, Wealthcare Capital Management LLC acquired a new position in Danaher Corp. during the second quarter valued at approximately $144,000. Institutional investors and hedge funds own 75.83% of the company’s stock.
Danaher Corp. (NYSE:DHR) traded up 0.55% during trading on Monday, reaching $76.99. 1,256,771 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $80.65 and a 200-day moving average price of $75.68. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The firm has a market cap of $53.16 billion, a PE ratio of 15.31 and a beta of 1.13.
Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the business posted $1.08 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, analysts forecast that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, September 28th. Danaher Corp.’s dividend payout ratio (DPR) is presently 12.72%.
Danaher Corp. Company Profile
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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