Investors Sell Danaher Corporation (DHR) on Strength (DHR)
Traders sold shares of Danaher Corporation (NYSE:DHR) on strength during trading hours on Friday. $78.24 million flowed into the stock on the tick-up and $110.77 million flowed out of the stock on the tick-down, for a money net flow of $32.53 million out of the stock. Of all equities tracked, Danaher Corporation had the 23rd highest net out-flow for the day. Danaher Corporation traded up $1.66 for the day and closed at $86.76
Several research analysts have recently issued reports on the company. Wells Fargo & Company reissued a “market perform” rating on shares of Danaher Corporation in a research report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Danaher Corporation in a research report on Friday, August 4th. BidaskClub lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $93.00 price objective on shares of Danaher Corporation in a research report on Wednesday, May 24th. Finally, Janney Montgomery Scott lowered Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $92.31.
The stock’s 50 day moving average price is $81.77 and its 200 day moving average price is $84.12. The stock has a market capitalization of $60.27 billion, a PE ratio of 27.69 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last posted its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts expect that Danaher Corporation will post $3.95 EPS for the current fiscal year.
In other Danaher Corporation news, insider William King sold 43,688 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $82.86, for a total value of $3,619,987.68. Following the completion of the transaction, the insider now owns 45,748 shares of the company’s stock, valued at approximately $3,790,679.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda P. Hefner sold 10,578 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $83.03, for a total transaction of $878,291.34. Following the completion of the transaction, the director now directly owns 42,151 shares of the company’s stock, valued at approximately $3,499,797.53. The disclosure for this sale can be found here. Insiders sold a total of 71,496 shares of company stock valued at $5,916,223 in the last quarter. 12.20% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of DHR. GQG Partners LLC purchased a new position in Danaher Corporation in the 2nd quarter valued at approximately $101,000. Peddock Capital Advisors LLC boosted its position in Danaher Corporation by 17.4% in the 1st quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after buying an additional 181 shares during the period. Proficio Capital Partners LLC boosted its position in Danaher Corporation by 92.3% in the 1st quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after buying an additional 598 shares during the period. Monetary Management Group Inc. boosted its position in Danaher Corporation by 10.7% in the 2nd quarter. Monetary Management Group Inc. now owns 1,550 shares of the conglomerate’s stock valued at $131,000 after buying an additional 150 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in Danaher Corporation by 185.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,693 shares of the conglomerate’s stock valued at $143,000 after buying an additional 1,100 shares during the period. 75.75% of the stock is owned by institutional investors.
About Danaher Corporation
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.