Traders Buy Shares of Danaher Corp. (DHR) on Weakness
Traders purchased shares of Danaher Corp. (NYSE:DHR) on weakness during trading hours on Thursday. $49.19 million flowed into the stock on the tick-up and $32.14 million flowed out of the stock on the tick-down, for a money net flow of $17.05 million into the stock. Of all companies tracked, Danaher Corp. had the 28th highest net in-flow for the day. Danaher Corp. traded down ($0.46) for the day and closed at $80.56
DHR has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $105.00 price objective on shares of Danaher Corp. in a report on Thursday, June 30th. Leerink Swann reissued a “buy” rating on shares of Danaher Corp. in a research note on Monday, April 25th. Citigroup Inc. boosted their target price on Danaher Corp. from $102.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, June 13th. Royal Bank Of Canada boosted their target price on Danaher Corp. from $96.00 to $99.00 and gave the company a “sector perform” rating in a research note on Friday, May 27th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Danaher Corp. in a research note on Sunday, May 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.86.
The company’s 50 day moving average is $80.91 and its 200 day moving average is $73.84. The firm has a market cap of $55.75 billion and a price-to-earnings ratio of 16.06.
Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.03. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.76 billion. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Analysts anticipate that Danaher Corp. will post $3.56 earnings per share for the current year.
In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the completion of the transaction, the insider now owns 179,054 shares in the company, valued at $14,582,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel L. Comas sold 96,446 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were 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 of the company’s stock, valued at approximately $17,447,110.08. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. BlackRock Investment Management LLC raised its position in shares of Danaher Corp. by 1.0% in the fourth quarter. BlackRock Investment Management LLC now owns 1,151,657 shares of the company’s stock valued at $106,966,000 after buying an additional 11,028 shares during the period. KBC Group NV increased its stake in Danaher Corp. by 21.8% in the fourth quarter. KBC Group NV now owns 109,466 shares of the company’s stock valued at $10,167,000 after buying an additional 19,608 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Danaher Corp. by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 25,350 shares of the company’s stock valued at $2,355,000 after buying an additional 469 shares in the last quarter. Genesee Valley Trust Co. increased its stake in Danaher Corp. by 39.7% in the fourth quarter. Genesee Valley Trust Co. now owns 11,978 shares of the company’s stock valued at $1,113,000 after buying an additional 3,402 shares in the last quarter. Finally, Argent Trust Co increased its stake in Danaher Corp. by 10.7% in the third quarter. Argent Trust Co now owns 17,991 shares of the company’s stock valued at $1,533,000 after buying an additional 1,732 shares in the last quarter.
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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