Investors Buy Danaher Corp. (DHR) on Weakness
Traders bought shares of Danaher Corp. (NYSE:DHR) on weakness during trading on Friday. $48.05 million flowed into the stock on the tick-up and $32.08 million flowed out of the stock on the tick-down, for a money net flow of $15.97 million into the stock. Of all companies tracked, Danaher Corp. had the 42nd highest net in-flow for the day. Danaher Corp. traded down ($0.25) for the day and closed at $81.19
DHR has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $105.00 target price on shares of Danaher Corp. in a research report on Thursday, June 30th. Citigroup Inc. lifted their target price on Danaher Corp. from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, June 13th. Royal Bank Of Canada lifted their target price on Danaher Corp. from $96.00 to $99.00 and gave the company a “sector perform” rating in a research report on Friday, May 27th. Credit Suisse Group AG reissued a “hold” rating on shares of Danaher Corp. in a research report on Sunday, May 29th. Finally, Morgan Stanley reissued a “buy” rating and issued a $86.00 target price on shares of Danaher Corp. in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Danaher Corp. presently has an average rating of “Hold” and a consensus target price of $95.68.
The stock has a market capitalization of $56.06 billion and a price-to-earnings ratio of 16.15. The stock’s 50 day moving average is $81.13 and its 200-day moving average is $74.97.
Danaher Corp. (NYSE:DHR) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.03. During the same quarter in the previous year, the company posted $1.08 EPS. The firm earned $5.80 billion during the quarter, compared to the consensus estimate of $5.76 billion. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts predict that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.
In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 179,054 shares in the company, valued at $14,582,157.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Danaher Corp. stock. US Bancorp DE boosted its stake in Danaher Corp. (NYSE:DHR) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,216 shares of the company’s stock after buying an additional 5,906 shares during the period. US Bancorp DE’s holdings in Danaher Corp. were worth $19,431,000 at the end of the most recent reporting period.
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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