Danaher Corp. (NYSE:DHR) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $77.34 and last traded at $79.74, with a volume of 4,342,401 shares changing hands. The stock had previously closed at $102.32.

A number of research firms have weighed in on DHR. Barclays PLC reiterated a “buy” rating on shares of Danaher Corp. in a report on Saturday, April 23rd. Credit Suisse Group AG reiterated a “hold” rating on shares of Danaher Corp. in a report on Sunday, May 29th. Bank of America Corp. reiterated a “buy” rating on shares of Danaher Corp. in a report on Sunday, May 29th. Zacks Investment Research upgraded Danaher Corp. from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Monday, April 11th. Finally, Leerink Swann reiterated a “buy” rating on shares of Danaher Corp. in a report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Danaher Corp. currently has an average rating of “Hold” and a consensus target price of $100.38.

The firm’s 50-day moving average is $97.97 and its 200-day moving average is $93.00. The stock has a market cap of $55.52 billion and a PE ratio of 15.98.

Danaher Corp. (NYSE:DHR) last posted its quarterly earnings results on Thursday, April 21st. The company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.33 billion. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts predict that Danaher Corp. will post $4.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, June 1st.

In related news, SVP Angela S. Lalor sold 8,392 shares of Danaher Corp. stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $97.77, for a total transaction of $820,485.84. Following the transaction, the senior vice president now directly owns 48,110 shares of the company’s stock, valued at $4,703,714.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William King sold 6,000 shares of Danaher Corp. stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of $96.31, for a total transaction of $577,860.00. Following the transaction, the senior vice president now directly owns 17,386 shares in the company, valued at $1,674,445.66. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of DHR. Wedbush Securities Inc. raised its position in shares of Danaher Corp. by 0.5% in the fourth quarter. Wedbush Securities Inc. now owns 16,626 shares of the company’s stock valued at $1,544,000 after buying an additional 78 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Danaher Corp. by 0.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,200 shares of the company’s stock valued at $1,876,000 after buying an additional 100 shares during the last quarter. Haverford Trust Co. raised its position in shares of Danaher Corp. by 0.5% in the fourth quarter. Haverford Trust Co. now owns 18,345 shares of the company’s stock valued at $1,704,000 after buying an additional 100 shares during the last quarter. Marble Harbor Investment Counsel LLC raised its position in shares of Danaher Corp. by 0.9% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 17,300 shares of the company’s stock valued at $1,607,000 after buying an additional 150 shares during the last quarter. Finally, Parsons Capital Management Inc. RI raised its position in shares of Danaher Corp. by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 61,101 shares of the company’s stock valued at $5,675,000 after buying an additional 168 shares during the last quarter.

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products.

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