Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Danaher Corp. from a buy rating to a hold rating in a report on Thursday, September 29th. Goldman Sachs Group Inc. started coverage on shares of Danaher Corp. in a report on Tuesday, July 5th. They issued a neutral rating and a $74.00 price objective on the stock. Morgan Stanley restated a buy rating and issued a $86.00 price objective on shares of Danaher Corp. in a report on Wednesday, August 31st. JPMorgan Chase & Co. restated a buy rating and issued a $90.00 price objective on shares of Danaher Corp. in a report on Thursday, October 6th. Finally, Barclays PLC restated an overweight rating and issued a $86.00 price objective (down from $105.00) on shares of Danaher Corp. in a report on Monday, July 11th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $92.87.
Danaher Corp. (NYSE:DHR) opened at 75.86 on Wednesday. Danaher Corp. has a one year low of $61.60 and a one year high of $82.64. The company has a market cap of $52.38 billion, a P/E ratio of 15.09 and a beta of 1.13. The company has a 50 day moving average of $78.00 and a 200-day moving average of $76.89.
Danaher Corp. (NYSE:DHR) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts expect that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.
The firm also recently disclosed 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 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, September 28th. Danaher Corp.’s payout ratio is currently 9.94%.
In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the transaction, the insider now directly owns 179,054 shares of the company’s stock, valued at approximately $14,582,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel L. Comas sold 96,446 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the transaction, the chief financial officer now directly owns 215,716 shares in the company, valued at $17,447,110.08. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Chesley Taft & Associates LLC increased its position in shares of Danaher Corp. by 27.9% in the third quarter. Chesley Taft & Associates LLC now owns 157,615 shares of the company’s stock valued at $12,355,000 after buying an additional 34,375 shares during the last quarter. BLB&B Advisors LLC increased its position in shares of Danaher Corp. by 21.5% in the third quarter. BLB&B Advisors LLC now owns 22,323 shares of the company’s stock valued at $1,750,000 after buying an additional 3,955 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in shares of Danaher Corp. during the third quarter valued at about $345,000. Webster Bank N. A. increased its position in shares of Danaher Corp. by 3.5% in the third quarter. Webster Bank N. A. now owns 71,103 shares of the company’s stock valued at $5,574,000 after buying an additional 2,388 shares during the last quarter. Finally, Peddock Capital Advisors LLC increased its position in shares of Danaher Corp. by 2.3% in the third quarter. Peddock Capital Advisors LLC now owns 5,159 shares of the company’s stock valued at $404,000 after buying an additional 114 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors.
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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