JPMorgan Chase & Co. restated their buy rating on shares of Danaher Corp. (NYSE:DHR) in a research note published on Thursday morning. The brokerage currently has a $90.00 price objective on the stock.
DHR has been the topic of a number of other research 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 price objective on the stock. Zacks Investment Research upgraded Danaher Corp. from a hold rating to a buy rating and set a $86.00 price objective on the stock in a report on Tuesday, September 27th. Jefferies Group reiterated a buy rating on shares of Danaher Corp. in a report on Thursday, September 8th. Barclays PLC reiterated an overweight rating and issued a $105.00 price objective on shares of Danaher Corp. in a report on Monday, June 27th. Finally, Sanford C. Bernstein upgraded Danaher Corp. from a market perform rating to an outperform rating and set a $120.00 price objective on the stock in a report on Thursday, June 23rd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Danaher Corp. has an average rating of Buy and a consensus price target of $93.10.
Danaher Corp. (NYSE:DHR) last released its quarterly earnings data on Monday, July 25th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, September 28th. Danaher Corp.’s payout ratio is currently 9.94%.
In other Danaher Corp. news, CFO Daniel L. Comas sold 96,446 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the completion of the transaction, the chief financial officer now owns 215,716 shares of the company’s stock, valued at $17,447,110.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 179,054 shares of the company’s stock, valued at approximately $14,582,157.76. The disclosure for this sale can be found here. 12.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in Danaher Corp. by 83.4% in the second quarter. Global X Management Co. LLC now owns 1,080 shares of the company’s stock valued at $109,000 after buying an additional 491 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock valued at $130,000 after buying an additional 170 shares during the last quarter. Cribstone Capital Management LLC bought a new position in Danaher Corp. during the second quarter valued at $132,000. Monetary Management Group Inc. increased its position in Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the last quarter. Finally, Wealthcare Capital Management LLC bought a new position in Danaher Corp. during the second quarter valued at $144,000. 75.74% of the stock is owned by institutional investors.
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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