Danaher Corp. (NYSE:DHR)‘s stock had its “buy” rating restated by stock analysts at Evercore ISI in a report issued on Wednesday. They presently have a $89.00 target price on the stock. Evercore ISI’s price objective would indicate a potential upside of 16.78% from the company’s current price.
A number of other brokerages have also recently issued reports on DHR. 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 target price for the company. Sanford C. Bernstein upgraded Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and set a $105.00 price target on shares of Danaher Corp. in a report on Thursday, June 30th. Zacks Investment Research lowered Danaher Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Barclays PLC reiterated an “overweight” rating and set a $105.00 price target on shares of Danaher Corp. in a report on Monday, June 27th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Danaher Corp. has an average rating of “Buy” and an average target price of $92.87.
Danaher Corp. (NYSE:DHR) opened at 76.21 on Wednesday. Danaher Corp. has a 12-month low of $61.60 and a 12-month high of $82.64. The firm has a market cap of $52.63 billion, a P/E ratio of 15.16 and a beta of 1.13. The firm has a 50-day moving average of $78.28 and a 200-day moving average of $76.77.
Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The firm earned $5.80 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, analysts expect that Danaher Corp. will post $3.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, September 28th. Danaher Corp.’s dividend payout ratio is 9.94%.
In related news, CFO Daniel L. Comas sold 96,446 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total value of $7,800,552.48. Following the transaction, the chief financial officer now owns 215,716 shares in the company, valued at $17,447,110.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $81.44, for a total value of $3,737,851.68. Following the completion of the transaction, the insider now owns 179,054 shares in the company, 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.
A number of institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC raised 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. raised 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. raised 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. Institutional investors and hedge funds own 75.74% of the company’s stock.
About Danaher Corp.
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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