Danaher Corp. (DHR) Price Target Raised to $93.00 at Jefferies Group
Danaher Corp. (NYSE:DHR) had its price target increased by research analysts at Jefferies Group from $92.00 to $93.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 18.85% from the company’s current price.
Several other equities analysts have also issued reports on DHR. Credit Suisse Group AG reiterated a “hold” rating on shares of Danaher Corp. in a research report on Saturday, July 9th. Zacks Investment Research lowered Danaher Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Bank of America Corp. reiterated a “buy” rating on shares of Danaher Corp. in a research report on Sunday, May 29th. Barclays PLC reiterated a “buy” rating on shares of Danaher Corp. in a research report on Saturday, April 23rd. Finally, Royal Bank Of Canada boosted their price objective on Danaher Corp. from $96.00 to $99.00 and gave the company a “sector perform” rating in a research report on Friday, May 27th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $93.10.
Danaher Corp. (NYSE:DHR) traded down 0.09% during midday trading on Tuesday, reaching $78.25. 2,614,456 shares of the company were exchanged. The firm’s 50-day moving average price is $78.73 and its 200 day moving average price is $76.66. The stock has a market capitalization of $54.03 billion, a price-to-earnings ratio of 15.56 and a beta of 1.13. Danaher Corp. has a 52-week low of $61.60 and a 52-week high of $82.64.
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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 the Thomson Reuters’ consensus estimate of $1.22 by $0.03. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business earned $5.80 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the firm earned $1.08 EPS. Danaher Corp.’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Danaher Corp. will post $3.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, September 28th. Danaher Corp.’s dividend payout ratio is 9.94%.
In other Danaher Corp. news, CFO Daniel L. Comas sold 96,446 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total value of $7,800,552.48. Following the transaction, the chief financial officer now directly owns 215,716 shares of the company’s stock, valued at approximately $17,447,110.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $81.44, for a total value of $3,737,851.68. Following the completion of the transaction, the insider now directly owns 179,054 shares in the company, valued at $14,582,157.76. The disclosure for this sale can be found here. 12.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DHR. Allen Investment Management LLC raised its stake in Danaher Corp. by 10.0% in the first quarter. Allen Investment Management LLC now owns 545,204 shares of the company’s stock valued at $51,718,000 after buying an additional 49,578 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Danaher Corp. by 79.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,400 shares of the company’s stock valued at $6,353,000 after buying an additional 30,300 shares during the period. Ruane Cunniff & Goldfarb Inc. raised its stake in Danaher Corp. by 12.1% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,545,881 shares of the company’s stock valued at $156,134,000 after buying an additional 167,295 shares during the period. Strs Ohio raised its stake in Danaher Corp. by 16.1% in the second quarter. Strs Ohio now owns 941,031 shares of the company’s stock valued at $95,044,000 after buying an additional 130,742 shares during the period. Finally, Boltwood Capital Management raised its stake in Danaher Corp. by 2.6% in the fourth quarter. Boltwood Capital Management now owns 22,079 shares of the company’s stock valued at $2,051,000 after buying an additional 565 shares during the period. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
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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