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.
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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