Danaher Corp. (NYSE:DHR) gapped up before the market opened on Friday . The stock had previously closed at $80.51, but opened at $80.52. Danaher Corp. shares last traded at $80.91, with a volume of 795,766 shares changing hands.

Several brokerages have commented on DHR. Morgan Stanley restated a “buy” rating and issued a $106.00 price objective on shares of Danaher Corp. in a report on Wednesday, May 18th. Zacks Investment Research lowered shares of Danaher Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Sanford C. Bernstein restated a “hold” rating and issued a $112.00 price objective on shares of Danaher Corp. in a report on Monday, June 13th. JPMorgan Chase & Co. began coverage on shares of Danaher Corp. in a report on Tuesday, July 12th. They issued a “neutral” rating for the company. Finally, Jefferies Group restated a “buy” rating and issued a $92.00 price objective (down from $105.00) on shares of Danaher Corp. in a report on Friday, July 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.86.

The firm has a market cap of $56.07 billion and a PE ratio of 16.15. The firm has a 50-day moving average of $81.03 and a 200 day moving average of $74.43.

Danaher Corp. (NYSE:DHR) last issued its earnings results on Monday, July 25th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.03. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the business posted $1.08 EPS. Danaher Corp.’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.

In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 179,054 shares of the company’s stock, valued at approximately $14,582,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the firm’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 sale, the chief financial officer now directly owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in Danaher Corp. by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,564,733 shares of the company’s stock worth $145,333,000 after buying an additional 47,142 shares in the last quarter. King Luther Capital Management Corp increased its position in Danaher Corp. by 0.9% in the fourth quarter. King Luther Capital Management Corp now owns 2,322,947 shares of the company’s stock worth $215,755,000 after buying an additional 19,789 shares in the last quarter. American International Group Inc. increased its position in Danaher Corp. by 2.1% in the fourth quarter. American International Group Inc. now owns 319,627 shares of the company’s stock worth $29,687,000 after buying an additional 6,703 shares in the last quarter. KBC Group NV increased its position in Danaher Corp. by 21.8% in the fourth quarter. KBC Group NV now owns 109,466 shares of the company’s stock worth $10,167,000 after buying an additional 19,608 shares in the last quarter. Finally, Ashmore Wealth Management LLC increased its position in Danaher Corp. by 3.3% in the fourth quarter. Ashmore Wealth Management LLC now owns 3,100,000 shares of the company’s stock worth $287,928,000 after buying an additional 100,000 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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