Danaher Co. (NYSE:DHR – Get Rating) EVP Joakim Weidemanis sold 9,508 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $266.60, for a total value of $2,534,832.80. Following the transaction, the executive vice president now owns 71,498 shares of the company’s stock, valued at $19,061,366.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Danaher Stock Down 0.8 %
Shares of Danaher stock traded down $2.14 on Tuesday, reaching $259.02. 2,157,119 shares of the company were exchanged, compared to its average volume of 2,679,597. Danaher Co. has a one year low of $233.71 and a one year high of $331.68. The company has a market capitalization of $188.56 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.11 and a beta of 0.82. The company has a current ratio of 1.78, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $259.88 and a 200 day moving average of $265.33.
Danaher (NYSE:DHR – Get Rating) last announced its quarterly earnings data on Thursday, October 20th. The conglomerate reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. Danaher had a return on equity of 18.33% and a net margin of 21.65%. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Danaher Co. will post 10.53 earnings per share for the current year.
Danaher Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 29th. Danaher’s dividend payout ratio (DPR) is presently 11.05%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on DHR shares. Barclays decreased their price objective on Danaher from $285.00 to $277.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada decreased their price objective on Danaher from $318.00 to $302.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Benchmark lowered Danaher from a “buy” rating to a “hold” rating and set a $325.00 price objective for the company. in a research report on Monday, October 24th. Sanford C. Bernstein began coverage on Danaher in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $340.00 price objective for the company. Finally, Credit Suisse Group reduced their price target on Danaher to $315.00 in a research report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $310.17.
Institutional Investors Weigh In On Danaher
Large investors have recently added to or reduced their stakes in the business. Sawgrass Asset Management LLC bought a new stake in Danaher in the 1st quarter valued at $14,635,000. O Brien Greene & Co. Inc increased its position in Danaher by 1.5% during the 1st quarter. O Brien Greene & Co. Inc now owns 37,457 shares of the conglomerate’s stock worth $10,987,000 after buying an additional 562 shares during the period. AE Wealth Management LLC increased its position in Danaher by 15.8% during the 2nd quarter. AE Wealth Management LLC now owns 31,052 shares of the conglomerate’s stock worth $7,872,000 after buying an additional 4,246 shares during the period. Walker Asset Management LLC bought a new position in Danaher during the 2nd quarter worth $4,122,000. Finally, Capital Investment Advisory Services LLC increased its position in Danaher by 6.1% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 5,492 shares of the conglomerate’s stock worth $1,392,000 after buying an additional 317 shares during the period. Institutional investors own 77.27% of the company’s stock.
About Danaher
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; flow cytometry, genomics, lab automation, centrifugation, particle counting and characterization; microscopes; genomics consumables; and Gene and Cell Therapy.