Insider Selling: Danaher Co. (NYSE:DHR) Director Sells 3,289 Shares of Stock

Danaher Co. (NYSE:DHRGet Free Report) Director Teri List sold 3,289 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $248.32, for a total transaction of $816,724.48. Following the completion of the transaction, the director now owns 19,726 shares of the company’s stock, valued at approximately $4,898,360.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Danaher Trading Down 0.3 %

NYSE DHR traded down $0.76 on Thursday, hitting $245.88. 1,773,906 shares of the company were exchanged, compared to its average volume of 3,105,706. The company’s 50 day moving average price is $230.37 and its 200-day moving average price is $231.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.68 and a quick ratio of 1.37. The firm has a market capitalization of $181.69 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 3.75 and a beta of 0.85. Danaher Co. has a twelve month low of $182.09 and a twelve month high of $249.89.

Danaher (NYSE:DHRGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.18. Danaher had a return on equity of 12.25% and a net margin of 17.26%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the company earned $2.87 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts predict that Danaher Co. will post 7.67 earnings per share for the current fiscal year.

Danaher Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.96 annualized dividend and a yield of 0.39%. Danaher’s dividend payout ratio (DPR) is presently 15.02%.

Hedge Funds Weigh In On Danaher

Several institutional investors and hedge funds have recently bought and sold shares of DHR. DHJJ Financial Advisors Ltd. purchased a new position in Danaher during the 3rd quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in Danaher in the fourth quarter worth approximately $27,000. Wetzel Investment Advisors Inc. acquired a new position in Danaher in the fourth quarter worth approximately $29,000. OFI Invest Asset Management acquired a new position in Danaher in the third quarter worth approximately $30,000. Finally, IAG Wealth Partners LLC increased its holdings in Danaher by 344.8% in the second quarter. IAG Wealth Partners LLC now owns 129 shares of the conglomerate’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Danaher from $254.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Raymond James increased their price objective on shares of Danaher from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Barclays cut shares of Danaher from an “overweight” rating to an “equal weight” rating and set a $240.00 price target on the stock. in a research note on Wednesday, January 24th. The Goldman Sachs Group cut shares of Danaher from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $215.00 to $205.00 in a research note on Thursday, December 7th. Finally, TheStreet raised shares of Danaher from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.00.

Read Our Latest Report on Danaher

About Danaher

(Get Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.

Further Reading

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

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