Danaher Corp.’s (DHR) “Buy” Rating Reaffirmed at Evercore ISI
Evercore ISI restated their buy rating on shares of Danaher Corp. (NYSE:DHR) in a research report sent to investors on Wednesday morning. The brokerage currently has a $89.00 target price on the stock.
A number of other research firms have also issued reports on DHR. JPMorgan Chase & Co. reaffirmed a buy rating and set a $105.00 target price on shares of Danaher Corp. in a report on Thursday, June 30th. Zacks Investment Research lowered Danaher Corp. from a buy rating to a hold rating in a report on Thursday, September 29th. Morgan Stanley reaffirmed a buy rating and set a $86.00 target price on shares of Danaher Corp. in a report on Wednesday, August 31st. Barclays PLC reaffirmed an overweight rating and set a $90.00 target price on shares of Danaher Corp. in a report on Wednesday, July 27th. Finally, Citigroup Inc. reaffirmed a market perform rating and set a $85.00 target price on shares of Danaher Corp. in a report on Tuesday, August 2nd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Danaher Corp. has a consensus rating of Buy and a consensus target price of $92.87.
Danaher Corp. (NYSE:DHR) traded down 0.85% during mid-day trading on Wednesday, reaching $76.13. 235,858 shares of the company were exchanged. The company has a market cap of $52.57 billion, a P/E ratio of 15.14 and a beta of 1.13. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64. The stock’s 50-day moving average is $78.40 and its 200-day moving average is $76.77.
Danaher Corp. (NYSE:DHR) last released its earnings results on Monday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. Danaher Corp.’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. Equities analysts expect that Danaher Corp. will post $3.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 0.65%. Danaher Corp.’s dividend payout ratio is presently 9.94%.
In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $81.44, for a total value of $3,737,851.68. Following the completion of the sale, the insider now directly owns 179,054 shares in the company, valued at $14,582,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total value of $7,800,552.48. Following the completion of the sale, the chief financial officer now owns 215,716 shares of the company’s stock, valued at $17,447,110.08. The disclosure for this sale can be found here. 12.60% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in DHR. Global X Management Co. LLC increased its stake in shares of Danaher Corp. by 83.4% in the second quarter. Global X Management Co. LLC now owns 1,080 shares of the company’s stock valued at $109,000 after buying an additional 491 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of Danaher Corp. by 15.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,284 shares of the company’s stock valued at $130,000 after buying an additional 170 shares during the period. Cribstone Capital Management LLC acquired a new stake in shares of Danaher Corp. during the second quarter valued at about $132,000. Monetary Management Group Inc. increased its stake in shares of Danaher Corp. by 366.7% in the first quarter. Monetary Management Group Inc. now owns 1,400 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the period. Finally, Wealthcare Capital Management LLC acquired a new stake in shares of Danaher Corp. during the second quarter valued at about $144,000. Institutional investors own 75.74% of the company’s stock.
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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