Traders Buy Danaher Corp. (DHR) on Weakness
Traders purchased shares of Danaher Corp. (NYSE:DHR) on weakness during trading hours on Tuesday. $48.42 million flowed into the stock on the tick-up and $25.10 million flowed out of the stock on the tick-down, for a money net flow of $23.32 million into the stock. Of all stocks tracked, Danaher Corp. had the 21st highest net in-flow for the day. Danaher Corp. traded down ($0.09) for the day and closed at $76.72
Several equities research analysts have issued reports on DHR shares. JPMorgan Chase & Co. restated a “buy” rating and set a $105.00 target price on shares of Danaher Corp. in a research report on Thursday, June 30th. Citigroup Inc. increased their target price on Danaher Corp. from $102.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, June 13th. Royal Bank Of Canada increased their target price on Danaher Corp. from $96.00 to $99.00 and gave the stock a “sector perform” rating in a research report on Friday, May 27th. Credit Suisse Group AG restated a “hold” rating on shares of Danaher Corp. in a research report on Sunday, May 29th. Finally, Morgan Stanley restated a “buy” rating and set a $86.00 target price on shares of Danaher Corp. in a research report on Wednesday, August 31st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Danaher Corp. currently has an average rating of “Buy” and an average target price of $95.22.
The company has a market cap of $52.98 billion, a PE ratio of 15.26 and a beta of 1.13. The stock’s 50-day moving average price is $80.00 and its 200 day moving average price is $75.98.
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Danaher Corp. (NYSE:DHR) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. Danaher Corp. had a net margin of 15.88% and a return on equity of 13.40%. The firm earned $5.80 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Danaher Corp. will post $3.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, September 28th. Danaher Corp.’s dividend payout ratio (DPR) is 12.72%.
In related news, CFO Daniel L. Comas sold 96,446 shares of Danaher Corp. stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the transaction, the chief financial officer now owns 215,716 shares in the company, valued at approximately $17,447,110.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of Danaher Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total transaction of $3,737,851.68. Following 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. Corporate insiders own 12.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHR. Lincoln Capital LLC boosted its stake in shares of Danaher Corp. by 0.3% in the second quarter. Lincoln Capital LLC now owns 2,508 shares of the company’s stock valued at $253,000 after buying an additional 8 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Danaher Corp. by 0.6% in the first quarter. Stratos Wealth Partners LTD. now owns 2,210 shares of the company’s stock valued at $210,000 after buying an additional 14 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of Danaher Corp. by 0.5% in the second quarter. Clear Harbor Asset Management LLC now owns 4,006 shares of the company’s stock valued at $405,000 after buying an additional 20 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Danaher Corp. by 0.7% in the second quarter. Quadrant Capital Group LLC now owns 3,799 shares of the company’s stock valued at $375,000 after buying an additional 28 shares during the last quarter. Finally, Cypress Wealth Advisors LLC boosted its stake in shares of Danaher Corp. by 0.8% in the second quarter. Cypress Wealth Advisors LLC now owns 4,617 shares of the company’s stock valued at $466,000 after buying an additional 37 shares during the last quarter. Institutional investors own 75.83% of the company’s stock.
Danaher Corp. Company Profile
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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