Insider Selling: John T. Schwieters Unloads 8,000 Shares of Danaher Stock (DHR)
Danaher (NYSE:DHR) Director John T. Schwieters unloaded 8,000 shares of Danaher stock on the open market in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $78.73, for a total value of $629,840.00. Following the completion of the transaction, the director now directly owns 11,752 shares of the company’s stock, valued at approximately $925,235. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Danaher from a “focus list” rating to a “focus list” rating in a research note on Thursday, May 22nd. Separately, 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. Finally, analysts at S&P Equity Research upgraded shares of Danaher to a “buy” rating in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $75.07.
Danaher (NYSE:DHR) traded down 0.23% during mid-day trading on Friday, hitting $78.37. The stock had a trading volume of 1,296,128 shares. Danaher has a 52-week low of $59.65 and a 52-week high of $79.04. The stock’s 50-day moving average is $74.57 and its 200-day moving average is $75.23. The company has a market cap of $54.822 billion and a P/E ratio of 21.65.
Danaher (NYSE:DHR) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. 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. Investors 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 0.51%. The ex-dividend date of this dividend is Wednesday, June 25th.
Danaher Corporation (NYSE:DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services.
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