Danaher VP Sells $747,975 in Stock (DHR)
Danaher (NYSE:DHR) VP Jonathan P. Graham sold 9,973 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $75.00, for a total value of $747,975.00. Following the completion of the sale, the vice president now directly owns 31,569 shares in the company, valued at approximately $2,367,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Danaher (NYSE:DHR) traded down 0.56% on Wednesday, hitting $75.21. 3,092,386 shares of the company’s stock traded hands. Danaher has a 1-year low of $59.65 and a 1-year high of $78.80. The stock has a 50-day moving average of $73.91 and a 200-day moving average of $74.92. The company has a market cap of $52.612 billion and a price-to-earnings ratio of 20.84.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter last year, the company posted $0.75 earnings per share. Danaher’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Danaher will post $3.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Shareholders of record on Friday, June 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, June 25th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Danaher in a research note on Friday, April 25th. They now have a $77.00 price target on the stock. Separately, analysts at S&P Equity Research upgraded shares of Danaher to a “buy” rating in a research note on Tuesday, April 22nd. Finally, analysts at ISI Group upgraded shares of Danaher from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. They now have a $86.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Danaher currently has a consensus rating of “Buy” and a consensus price target of $75.07.
Danaher Corporation (NYSE:DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services.
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