Danaher Corp. (NYSE:DHR) was upgraded by research analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday. The firm presently has a $95.00 price objective on the stock. Cowen and Company’s target price points to a potential upside of 20.10% from the company’s current price.

A number of other research firms have also recently issued reports on DHR. RBC Capital Markets set a $86.00 target price on Danaher Corp. and gave the company a “hold” rating in a research report on Friday, October 21st. Jefferies Group reiterated a “buy” rating and issued a $92.00 target price (down previously from $105.00) on shares of Danaher Corp. in a research report on Friday, July 15th. Barclays PLC lifted their target price on Danaher Corp. from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, September 7th. Evercore ISI reiterated a “buy” rating and issued a $89.00 target price on shares of Danaher Corp. in a research report on Wednesday, October 12th. Finally, Citigroup Inc. reiterated a “market perform” rating and issued a $85.00 target price on shares of Danaher Corp. in a research report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Danaher Corp. presently has an average rating of “Buy” and an average target price of $92.14.

Analyst Recommendations for Danaher Corp. (NYSE:DHR)

Danaher Corp. (NYSE:DHR) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. The business earned $4.10 billion during the quarter, compared to the consensus estimate of $4.14 billion. Danaher Corp. had a return on equity of 12.90% and a net margin of 11.78%. Danaher Corp.’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, September 30th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, September 28th. Danaher Corp.’s payout ratio is 13.97%.

In other news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $79.68, for a total transaction of $2,878,440.00. Following the transaction, the insider now directly owns 205,407 shares of the company’s stock, valued at $16,366,829.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.60% of the company’s stock.

A number of large investors have recently made changes to their positions in DHR. Palisade Capital Management LLC NJ increased its stake in shares of Danaher Corp. by 2.5% in the second quarter. Palisade Capital Management LLC NJ now owns 126,438 shares of the company’s stock valued at $12,770,000 after buying an additional 3,142 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its stake in shares of Danaher Corp. by 12.1% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,545,881 shares of the company’s stock valued at $156,134,000 after buying an additional 167,295 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Danaher Corp. by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 135,473 shares of the company’s stock valued at $13,683,000 after buying an additional 576 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Danaher Corp. by 6.0% in the second quarter. Nisa Investment Advisors LLC now owns 221,657 shares of the company’s stock valued at $22,387,000 after buying an additional 12,625 shares during the period. Finally, Strs Ohio increased its stake in shares of Danaher Corp. by 16.1% in the second quarter. Strs Ohio now owns 941,031 shares of the company’s stock valued at $95,044,000 after buying an additional 130,742 shares during the period. Institutional investors and hedge funds own 76.73% 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.

5 Day Chart for NYSE:DHR

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