Danaher Corporation (DHR) PT Raised to $97.00
Danaher Corporation (NYSE:DHR) had its target price increased by stock analysts at Robert W. Baird from $87.00 to $97.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the conglomerate’s stock. Robert W. Baird’s price objective suggests a potential upside of 6.84% from the stock’s previous close.
A number of other brokerages have also commented on DHR. Morgan Stanley boosted their price objective on Danaher Corporation from $95.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday. Credit Suisse Group boosted their price objective on Danaher Corporation from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research raised Danaher Corporation from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, October 5th. J P Morgan Chase & Co reissued an “overweight” rating and set a $95.00 price objective on shares of Danaher Corporation in a report on Friday, September 8th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $90.00 target price on shares of Danaher Corporation in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $93.31.
Danaher Corporation (NYSE:DHR) traded up 0.77% on Friday, hitting $90.79. The company had a trading volume of 4,063,274 shares. Danaher Corporation has a one year low of $76.27 and a one year high of $91.64. The company has a market capitalization of $63.07 billion, a P/E ratio of 28.98 and a beta of 1.03. The stock’s 50-day moving average price is $86.38 and its 200 day moving average price is $84.25.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, October 19th. The conglomerate reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.05. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.47 billion. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. On average, analysts expect that Danaher Corporation will post $3.97 EPS for the current fiscal year.
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In related news, insider William King sold 43,688 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $82.86, for a total value of $3,619,987.68. Following the transaction, the insider now owns 45,748 shares of the company’s stock, valued at $3,790,679.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.78, for a total value of $799,154.16. Following the completion of the transaction, the insider now directly owns 155,520 shares in the company, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GQG Partners LLC bought a new position in Danaher Corporation in the second quarter valued at $101,000. Peddock Capital Advisors LLC increased its stake in Danaher Corporation by 17.4% in the first quarter. Peddock Capital Advisors LLC now owns 1,224 shares of the conglomerate’s stock valued at $105,000 after acquiring an additional 181 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Danaher Corporation by 92.3% in the first quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after acquiring an additional 598 shares during the last quarter. Monetary Management Group Inc. increased its stake in Danaher Corporation by 10.7% in the second quarter. Monetary Management Group Inc. now owns 1,550 shares of the conglomerate’s stock valued at $131,000 after acquiring an additional 150 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in Danaher Corporation by 185.5% in the second quarter. Acrospire Investment Management LLC now owns 1,693 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 1,100 shares during the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.
Danaher Corporation Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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