Insider Selling: Robert S. Lutz Sells 6,250 Shares of Danaher Corp. Stock (DHR)
Danaher Corp. (NYSE:DHR) CAO Robert S. Lutz sold 6,250 shares of Danaher Corp. stock on the open market in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $76.85, for a total value of $480,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 18,367 shares in the company, valued at approximately $1,411,504. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on DHR. Analysts at EVA Dimensions LLC upgraded shares of Danaher Corp. from a “hold” rating to an “overweight” rating in a research note on Friday, February 21st. Separately, analysts at KeyCorp raised their price target on shares of Danaher Corp. from $34.50 to $38.00 in a research note on Wednesday, February 12th. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Danaher Corp. in a research note on Tuesday, January 28th. They now have a $89.00 price target on the stock, up previously from $83.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.56.
Danaher Corp. (NYSE:DHR) traded up 0.21% during mid-day trading on Wednesday, hitting $76.98. The stock had a trading volume of 893,452 shares. Danaher Corp. has a 1-year low of $57.61 and a 1-year high of $78.80. The stock has a 50-day moving average of $75.90 and a 200-day moving average of $72.55. The company has a market cap of $53.740 billion and a price-to-earnings ratio of 20.22.
Danaher Corp. (NYSE:DHR) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. The company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Danaher Corp. will post $3.76 earnings per share for the current fiscal year.
Danaher Corporation (NYSE:DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services.
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