Investors Buy Shares of Danaher Corp. (DHR) on Weakness
Traders purchased 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 equities 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. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Danaher Corp. in a report on Saturday, July 9th. Bank of America Corp. reaffirmed a “buy” rating on shares of Danaher Corp. in a report on Sunday, May 29th. Citigroup Inc. raised their target price on Danaher Corp. from $102.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, June 13th. Royal Bank Of Canada raised their target price on Danaher Corp. from $96.00 to $99.00 and gave the stock a “sector perform” rating in a report on Friday, May 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $92.00 target price (down from $105.00) on shares of Danaher Corp. in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $95.68.
The company has a 50-day moving average of $81.13 and a 200-day moving average of $74.97. The company has a market capitalization of $56.06 billion and a P/E ratio of 16.15.
Danaher Corp. (NYSE:DHR) last posted its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.76 billion. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts expect that Danaher Corp. will post $3.56 EPS for the current year.
In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $81.44, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the company’s stock in a transaction dated 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 completion of 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.
A hedge fund recently raised its stake in Danaher Corp. stock. Schwab Charles Investment Management Inc. increased its stake in Danaher Corp. (NYSE:DHR) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,564,733 shares of the company’s stock after buying an additional 47,142 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.23% of Danaher Corp. worth $145,333,000 at the end of the most recent 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.