Insider Selling: Danaher Co. (NYSE:DHR) Insider Sells 14,454 Shares of Stock

Danaher Co. (NYSE:DHR) insider Thomas Patrick Joyce, Jr. sold 14,454 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $132.79, for a total transaction of $1,919,346.66. Following the completion of the transaction, the insider now directly owns 200,479 shares in the company, valued at $26,621,606.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of DHR traded up $0.21 during mid-day trading on Friday, reaching $139.63. The company had a trading volume of 2,297,130 shares, compared to its average volume of 2,731,339. Danaher Co. has a 1-year low of $94.59 and a 1-year high of $140.25. The company has a current ratio of 2.18, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. The company has a market cap of $99.35 billion, a P/E ratio of 30.89, a PEG ratio of 2.68 and a beta of 0.95.

Danaher (NYSE:DHR) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the company posted $0.99 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that Danaher Co. will post 4.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.49%. Danaher’s payout ratio is currently 15.04%.

Several equities analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Danaher in a research report on Thursday, May 30th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of Danaher from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Tuesday, April 9th. Deutsche Bank raised their price target on shares of Danaher to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $141.00 price target (up from $138.00) on shares of Danaher in a research report on Wednesday, April 17th. Finally, Piper Jaffray Companies started coverage on shares of Danaher in a research report on Tuesday. They set a “neutral” rating and a $148.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $133.00.

A number of large investors have recently bought and sold shares of the stock. Canton Hathaway LLC raised its holdings in Danaher by 8.7% during the 1st quarter. Canton Hathaway LLC now owns 12,886 shares of the conglomerate’s stock worth $1,701,000 after purchasing an additional 1,036 shares during the last quarter. Abacus Planning Group Inc. increased its stake in shares of Danaher by 52.3% in the 4th quarter. Abacus Planning Group Inc. now owns 9,979 shares of the conglomerate’s stock valued at $225,000 after acquiring an additional 3,428 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Danaher in the 4th quarter valued at $1,705,000. IHT Wealth Management LLC increased its stake in shares of Danaher by 5.1% in the 4th quarter. IHT Wealth Management LLC now owns 2,023 shares of the conglomerate’s stock valued at $209,000 after acquiring an additional 98 shares in the last quarter. Finally, Mitchell Capital Management Co. increased its stake in shares of Danaher by 20.7% in the 1st quarter. Mitchell Capital Management Co. now owns 12,174 shares of the conglomerate’s stock valued at $1,607,000 after acquiring an additional 2,088 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

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Danaher Company Profile

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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Insider Buying and Selling by Quarter for Danaher (NYSE:DHR)

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