Danaher Co. (NYSE:DHR) Chairman Mitchell P. Rales bought 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $130.78 per share, with a total value of $248,482.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:DHR opened at $130.75 on Wednesday. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $134.67. The firm has a market capitalization of $92.68 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 2.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 1.74.
Danaher (NYSE:DHR) last announced its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Danaher had a net margin of 12.04% and a return on equity of 11.61%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $0.99 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts expect that Danaher Co. will post 4.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a $0.17 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Danaher’s dividend payout ratio is currently 15.04%.
Several institutional investors have recently modified their holdings of DHR. JPMorgan Chase & Co. lifted its stake in shares of Danaher by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,426,709 shares of the conglomerate’s stock valued at $372,344,000 after purchasing an additional 424,317 shares during the period. Nordea Investment Management AB raised its position in Danaher by 9.7% during the third quarter. Nordea Investment Management AB now owns 219,780 shares of the conglomerate’s stock worth $23,880,000 after acquiring an additional 19,460 shares during the period. Vanguard Group Inc raised its position in Danaher by 1.4% during the third quarter. Vanguard Group Inc now owns 44,738,984 shares of the conglomerate’s stock worth $4,861,338,000 after acquiring an additional 605,018 shares during the period. Cozad Asset Management Inc. raised its position in shares of Danaher by 8.0% in the fourth quarter. Cozad Asset Management Inc. now owns 2,262 shares of the conglomerate’s stock valued at $233,000 after buying an additional 168 shares during the last quarter. Finally, Endurance Wealth Management Inc. raised its position in shares of Danaher by 0.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 76,730 shares of the conglomerate’s stock valued at $7,913,000 after buying an additional 221 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on DHR shares. Janney Montgomery Scott raised their target price on shares of Danaher from $136.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group raised their target price on shares of Danaher to $140.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $140.00 target price on shares of Danaher in a research note on Monday, March 4th. Zacks Investment Research raised shares of Danaher from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $138.00 price objective (up from $114.00) on shares of Danaher in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $131.75.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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