Danaher SVP Sells $261,408 in Stock (DHR)
Danaher (NYSE:DHR) SVP William King unloaded 3,545 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $73.74, for a total transaction of $261,408.30. Following the completion of the sale, the senior vice president now directly owns 24,329 shares in the company, valued at approximately $1,794,020. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on DHR shares. Analysts at Robert W. Baird raised their price target on shares of Danaher from $40.00 to $41.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Danaher from $80.00 to $83.00 in a research note on Friday, July 18th. Finally, analysts at Morgan Stanley cut their price target on shares of Danaher from $85.00 to $84.00 in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $72.15.
Shares of Danaher (NYSE:DHR) traded up 0.04% on Monday, hitting $73.37. 975,655 shares of the company’s stock traded hands. Danaher has a one year low of $64.78 and a one year high of $81.14. The stock’s 50-day moving average is $77.73 and its 200-day moving average is $76.13. The company has a market cap of $51.409 billion and a price-to-earnings ratio of 19.79.
Danaher (NYSE:DHR) last released its earnings data on Thursday, July 17th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.01. The company had revenue of $5.00 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Danaher will post $3.67 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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