Danaher Corp. (DHR) Earns Buy Rating from Evercore ISI
Several other research analysts also recently weighed in on DHR. Sanford C. Bernstein upgraded Danaher Corp. from a market perform rating to an outperform rating and set a $120.00 target price on the stock in a research note on Thursday, June 23rd. Barclays PLC restated an overweight rating and set a $105.00 target price on shares of Danaher Corp. in a research note on Monday, June 27th. Zacks Investment Research downgraded Danaher Corp. from a hold rating to a sell rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. restated a buy rating and set a $105.00 target price on shares of Danaher Corp. in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. assumed coverage on Danaher Corp. in a research report on Tuesday, July 5th. They set a neutral rating and a $74.00 price target for the company. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Danaher Corp. currently has an average rating of Buy and a consensus price target of $92.87.
Shares of Danaher Corp. (NYSE:DHR) opened at 76.16 on Wednesday. The stock has a market cap of $52.59 billion, a PE ratio of 15.15 and a beta of 1.13. Danaher Corp. has a 52-week low of $61.60 and a 52-week high of $82.64. The company’s 50 day moving average price is $78.15 and its 200 day moving average price is $76.80.
Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts anticipate that Danaher Corp. will post $3.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a yield of 0.66%. Danaher Corp.’s dividend payout ratio (DPR) is currently 9.94%.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the company’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 value of $3,737,851.68. Following the completion of the sale, the insider now directly owns 179,054 shares in the company, valued at $14,582,157.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel L. Comas sold 96,446 shares of the company’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 completion of the sale, the chief financial officer now owns 215,716 shares of the company’s stock, valued at $17,447,110.08. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Lincoln Capital LLC raised its stake in Danaher Corp. by 0.3% in the second quarter. Lincoln Capital LLC now owns 2,508 shares of the company’s stock worth $253,000 after buying an additional 8 shares during the period. Clear Harbor Asset Management LLC raised its stake in Danaher Corp. by 0.5% in the second quarter. Clear Harbor Asset Management LLC now owns 4,006 shares of the company’s stock worth $405,000 after buying an additional 20 shares during the period. Quadrant Capital Group LLC raised its stake in Danaher Corp. by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,799 shares of the company’s stock worth $375,000 after buying an additional 28 shares during the period. Cypress Wealth Advisors LLC raised its stake in Danaher Corp. by 0.8% in the second quarter. Cypress Wealth Advisors LLC now owns 4,617 shares of the company’s stock worth $466,000 after buying an additional 37 shares during the period. Finally, Krilogy Financial LLC raised its stake in Danaher Corp. by 1.7% in the second quarter. Krilogy Financial LLC now owns 2,762 shares of the company’s stock worth $279,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 75.73% of the company’s stock.
Danaher Corp. Company Profile
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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