Insider Selling: Danaher Co. (DHR) EVP Sells 7,534 Shares of Stock
Danaher Co. (NYSE:DHR) EVP William K. Daniel sold 7,534 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $131.27, for a total transaction of $988,988.18. Following the completion of the transaction, the executive vice president now directly owns 115,778 shares of the company’s stock, valued at approximately $15,198,178.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of DHR traded down $0.63 during trading hours on Thursday, reaching $131.11. 67,962 shares of the company’s stock traded hands, compared to its average volume of 2,227,649. Danaher Co. has a twelve month low of $94.59 and a twelve month high of $134.67. The firm has a market capitalization of $93.51 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.18.
Danaher (NYSE:DHR) last released its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. Danaher had a return on equity of 11.61% and a net margin of 12.04%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the company posted $0.99 EPS. Danaher’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts forecast that Danaher Co. will post 4.77 EPS for the current fiscal year.
A number of brokerages recently issued reports on DHR. Zacks Investment Research upgraded shares of Danaher from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Janney Montgomery Scott lifted their target price on shares of Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $141.00 target price (up from $138.00) on shares of Danaher in a report on Wednesday, April 17th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $140.00 price objective on shares of Danaher in a research note on Monday, March 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Danaher to $140.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $131.75.
Hedge funds have recently modified their holdings of the stock. Adirondack Trust Co. grew its holdings in shares of Danaher by 3.1% during the 1st quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock worth $349,000 after purchasing an additional 78 shares in the last quarter. HL Financial Services LLC grew its holdings in shares of Danaher by 0.4% during the 1st quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock worth $2,528,000 after purchasing an additional 79 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Danaher by 2.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock worth $367,000 after purchasing an additional 79 shares in the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of Danaher by 5.1% during the 1st quarter. WealthBridge Capital Management LLC now owns 1,633 shares of the conglomerate’s stock worth $214,000 after purchasing an additional 79 shares in the last quarter. Finally, First Personal Financial Services boosted its stake in Danaher by 13.7% in the 1st quarter. First Personal Financial Services now owns 664 shares of the conglomerate’s stock valued at $88,000 after buying an additional 80 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.
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Danaher Company Profile
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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