Key Points
- EVP Gregory Milosevich sold 1,320 shares on February 19 at an average price of $208.01 for $274,573, reducing his stake by 20.56% to 5,099 shares.
- Danaher beat quarterly estimates, reporting $2.23 EPS vs. $2.14 expected and $6.84B revenue vs. $6.79B, with revenue up 4.6% year-over-year; the company has a market cap of about $148B and a P/E of ~41.6.
- Wall Street sentiment is largely positive (20 Buy vs. 3 Hold ratings) with an average price target of $253.86; the company also pays a quarterly dividend of $0.32 (annualized yield ~0.6%, DPR 25.4%).
Danaher Corporation (NYSE:DHR - Get Free Report) EVP Gregory Milosevich sold 1,320 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the transaction, the executive vice president directly owned 5,099 shares in the company, valued at approximately $1,060,642.99. The trade was a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Danaher Price Performance
NYSE:DHR opened at $209.56 on Friday. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $242.80. The stock has a fifty day moving average of $226.85 and a 200 day moving average of $215.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The firm has a market capitalization of $148.02 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 2.85 and a beta of 0.91.
Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.09. The firm had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.14 EPS. On average, research analysts expect that Danaher Corporation will post 7.63 EPS for the current fiscal year.
Danaher Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, December 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, December 26th. Danaher's dividend payout ratio (DPR) is currently 25.40%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Argus set a $265.00 price target on shares of Danaher in a report on Wednesday, January 14th. TD Cowen reissued a "buy" rating on shares of Danaher in a research note on Wednesday, January 7th. Morgan Stanley initiated coverage on Danaher in a research report on Monday, December 1st. They set an "overweight" rating and a $270.00 price target on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Danaher in a report on Monday, December 29th. Finally, KeyCorp reiterated an "overweight" rating on shares of Danaher in a research report on Thursday, January 29th. Twenty research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $253.86.
Check Out Our Latest Report on Danaher
Hedge Funds Weigh In On Danaher
A number of large investors have recently bought and sold shares of DHR. Sivia Capital Partners LLC raised its holdings in Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate's stock valued at $397,000 after buying an additional 119 shares during the last quarter. Stephens Inc. AR increased its position in shares of Danaher by 1.3% in the second quarter. Stephens Inc. AR now owns 11,349 shares of the conglomerate's stock valued at $2,242,000 after acquiring an additional 144 shares during the period. Avidian Wealth Enterprises LLC raised its stake in shares of Danaher by 22.5% during the second quarter. Avidian Wealth Enterprises LLC now owns 2,931 shares of the conglomerate's stock valued at $579,000 after acquiring an additional 538 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Danaher by 20.7% during the second quarter. D.A. Davidson & CO. now owns 16,780 shares of the conglomerate's stock worth $3,315,000 after purchasing an additional 2,873 shares during the period. Finally, Exencial Wealth Advisors LLC boosted its holdings in shares of Danaher by 56.1% during the second quarter. Exencial Wealth Advisors LLC now owns 18,595 shares of the conglomerate's stock worth $3,673,000 after purchasing an additional 6,681 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.
Danaher Company Profile
(
Get Free Report)
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.
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