Danaher Corp. (DHR) to Issue Quarterly Dividend of $0.13 on October 28th
Danaher Corp. (NYSE:DHR) declared a quarterly dividend on Tuesday, September 13th. Stockholders of record on Friday, September 30th will be given a dividend of 0.125 per share on Friday, October 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, September 28th.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the sale, the chief financial officer now directly 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. 12.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. American Century Companies Inc. purchased a new position in Danaher Corp. during the second quarter worth $88,276,000. IronBridge Capital Management LP boosted its position in Danaher Corp. by 2.1% in the second quarter. IronBridge Capital Management LP now owns 8,166 shares of the company’s stock worth $825,000 after buying an additional 170 shares during the period. Mycio Wealth Partners LLC boosted its position in Danaher Corp. by 32.6% in the second quarter. Mycio Wealth Partners LLC now owns 1,612 shares of the company’s stock worth $163,000 after buying an additional 396 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Danaher Corp. by 1.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 96,612 shares of the company’s stock worth $7,396,000 after buying an additional 1,000 shares during the period. Finally, Advisor Partners LLC boosted its position in Danaher Corp. by 1.0% in the second quarter. Advisor Partners LLC now owns 10,149 shares of the company’s stock worth $1,025,000 after buying an additional 103 shares during the period. 75.74% of the stock is owned by hedge funds and other institutional investors.
Danaher Corp. (NYSE:DHR) opened at 77.67 on Friday. The company has a market cap of $53.63 billion, a PE ratio of 15.45 and a beta of 1.13. Danaher Corp. has a 1-year low of $61.60 and a 1-year high of $82.64. The company has a 50-day moving average price of $79.81 and a 200-day moving average price of $76.00.
Danaher Corp. (NYSE:DHR) last posted its earnings results on Monday, July 25th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The business earned $5.80 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Danaher Corp. will post $3.56 EPS for the current fiscal year.
DHR has been the subject of several recent analyst reports. Goldman Sachs Group Inc. initiated coverage on Danaher Corp. in a report on Tuesday, July 5th. They issued a “neutral” rating and a $74.00 target price for the company. Jefferies Group reaffirmed a “buy” rating on shares of Danaher Corp. in a report on Thursday, September 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Danaher Corp. in a report on Monday, June 27th. Sanford C. Bernstein raised Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Thursday, June 23rd. Finally, Citigroup Inc. upped their target price on Danaher Corp. from $102.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, June 13th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Danaher Corp. currently has an average rating of “Buy” and an average price target of $95.22.
About Danaher Corp.
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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