Danaher Co. (NYSE:DHR) insider Thomas Patrick Joyce, Jr. sold 14,454 shares of Danaher stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $132.79, for a total transaction of $1,919,346.66. Following the completion of the transaction, the insider now owns 200,479 shares in the company, valued at approximately $26,621,606.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of DHR stock traded down $0.78 during mid-day trading on Monday, reaching $130.32. The stock had a trading volume of 1,941,535 shares, compared to its average volume of 2,829,014. Danaher Co. has a 52-week low of $94.59 and a 52-week high of $134.67. The stock has a market capitalization of $93.86 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.53 and a beta of 1.02. The company has a current ratio of 2.18, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32.

Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Danaher had a net margin of 12.04% and a return on equity of 11.61%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts predict that Danaher Co. will post 4.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, June 27th. Danaher’s dividend payout ratio is currently 15.04%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional increased its position in shares of Danaher by 188.7% during the first quarter. CX Institutional now owns 205 shares of the conglomerate’s stock valued at $27,000 after buying an additional 134 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Danaher during the fourth quarter valued at approximately $27,000. Lenox Wealth Management Inc. purchased a new position in shares of Danaher during the first quarter valued at approximately $40,000. Hanson McClain Inc. raised its holdings in shares of Danaher by 852.9% during the fourth quarter. Hanson McClain Inc. now owns 324 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 290 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new position in shares of Danaher during the fourth quarter valued at approximately $39,000. Institutional investors own 76.98% of the company’s stock.

DHR has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Danaher from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Deutsche Bank lifted their target price on shares of Danaher to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Jefferies Financial Group lifted their target price on shares of Danaher to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. UBS Group lifted their target price on shares of Danaher from $125.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $141.00 target price (up previously from $138.00) on shares of Danaher in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Danaher presently has a consensus rating of “Buy” and a consensus target price of $131.75.

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About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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