Danaher Corporation (NYSE:DHR) CAO Robert S. Lutz sold 11,189 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $91.66, for a total value of $1,025,583.74. Following the sale, the chief accounting officer now directly owns 18,314 shares of the company’s stock, valued at $1,678,661.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Danaher Corporation (NYSE DHR) traded down $0.74 during mid-day trading on Friday, hitting $92.24. 2,361,600 shares of the stock traded hands, compared to its average volume of 2,688,302. The firm has a market cap of $64,677.37, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.42. Danaher Corporation has a one year low of $76.27 and a one year high of $93.36.
Danaher Corporation (NYSE:DHR) last announced its earnings results on Thursday, October 19th. The conglomerate reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. Danaher Corporation had a net margin of 13.36% and a return on equity of 11.29%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. sell-side analysts predict that Danaher Corporation will post 3.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.61%. Danaher Corporation’s dividend payout ratio is 16.52%.
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Several research firms have weighed in on DHR. Zacks Investment Research lowered Danaher Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered Danaher Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Citigroup Inc. set a $96.00 price objective on Danaher Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Cowen and Company reiterated a “buy” rating and issued a $90.00 price objective on shares of Danaher Corporation in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $95.00 target price on shares of Danaher Corporation in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $93.31.
Institutional investors have recently bought and sold shares of the company. GQG Partners LLC acquired a new position in shares of Danaher Corporation during the 2nd quarter worth about $101,000. Proficio Capital Partners LLC raised its holdings in shares of Danaher Corporation by 92.3% in the 1st quarter. Proficio Capital Partners LLC now owns 1,246 shares of the conglomerate’s stock valued at $105,000 after purchasing an additional 598 shares during the period. Monetary Management Group Inc. raised its holdings in shares of Danaher Corporation by 10.7% in the 2nd quarter. Monetary Management Group Inc. now owns 1,550 shares of the conglomerate’s stock valued at $131,000 after purchasing an additional 150 shares during the period. Acrospire Investment Management LLC raised its holdings in shares of Danaher Corporation by 185.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,693 shares of the conglomerate’s stock valued at $143,000 after purchasing an additional 1,100 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in shares of Danaher Corporation in the 1st quarter valued at about $157,000. Institutional investors own 75.61% of the company’s stock.
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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