Research Analysts Set Expectations for Danaher Corp.’s FY2018 Earnings (DHR)
Danaher Corp. (NYSE:DHR) – Jefferies Group lifted their FY2018 earnings estimates for Danaher Corp. in a research report issued on Tuesday. Jefferies Group analyst B. Couillard now anticipates that the firm will post earnings of $4.35 per share for the year, up from their previous forecast of $4.30. Jefferies Group has a “Buy” rating on the stock.
Danaher Corp. (NYSE:DHR) last posted its earnings results on Monday, July 25th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.22 by $0.03. The firm earned $5.80 billion during the quarter, compared to the consensus estimate of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share.
A number of other analysts also recently issued reports on DHR. Sanford C. Bernstein raised Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research report on Thursday, June 23rd. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target on shares of Danaher Corp. in a research report on Monday, June 27th. Zacks Investment Research cut Danaher Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $105.00 price target on shares of Danaher Corp. in a research report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. began coverage on Danaher Corp. in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $74.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $92.87.
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Danaher Corp. (NYSE:DHR) traded down 0.74% during trading on Thursday, reaching $76.21. The company’s stock had a trading volume of 2,783,940 shares. Danaher Corp. has a 52-week low of $61.60 and a 52-week high of $82.64. The stock has a 50-day moving average price of $78.40 and a 200 day moving average price of $76.77. The company has a market cap of $52.63 billion, a PE ratio of 15.16 and a beta of 1.13.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lincoln Capital LLC increased its position 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 worth $253,000 after buying an additional 8 shares in the last quarter. Clear Harbor Asset Management LLC increased its position 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 worth $405,000 after buying an additional 20 shares in the last quarter. Quadrant Capital Group LLC increased its position 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 worth $375,000 after buying an additional 28 shares in the last quarter. Cypress Wealth Advisors LLC increased its position 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 worth $466,000 after buying an additional 37 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in shares of Danaher Corp. by 1.7% in the second quarter. Krilogy Financial LLC now owns 2,762 shares of the company’s stock worth $279,000 after buying an additional 47 shares in the last quarter. Institutional investors own 75.74% of the company’s stock.
In related news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel L. Comas sold 96,446 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were 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 owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 0.66%. Danaher Corp.’s dividend payout ratio is presently 9.94%.
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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