Danaher Corporation (DHR) To Go Ex-Dividend on March 27th

Danaher Corporation (NYSE:DHR) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 27th will be paid a dividend of 0.40 per share by the conglomerate on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. This is a 25.0% increase from Danaher’s previous quarterly dividend of $0.32.

Danaher has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Danaher has a dividend payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Danaher to earn $8.57 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 18.7%.

Danaher Price Performance

Shares of DHR stock opened at $190.04 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Danaher has a 12-month low of $171.00 and a 12-month high of $242.80. The firm has a fifty day moving average of $212.44 and a 200-day moving average of $214.90. The firm has a market capitalization of $134.38 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter last year, the business posted $2.14 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Danaher will post 7.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DHR shares. Evercore reiterated an “outperform” rating and set a $254.00 price objective on shares of Danaher in a report on Wednesday, January 28th. KeyCorp reissued an “overweight” rating on shares of Danaher in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danaher in a report on Thursday, January 29th. Robert W. Baird set a $251.00 price target on shares of Danaher in a report on Thursday, January 29th. Finally, HSBC increased their price objective on shares of Danaher from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.55.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.