Danaher (NYSE:DHR) had its price objective boosted by investment analysts at Royal Bank of Canada to $107.00 in a report issued on Thursday. The firm currently has a “positive” rating on the conglomerate’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 5.64% from the stock’s current price. The analysts noted that the move was a valuation call.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. ValuEngine cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Barclays restated a “buy” rating and set a $113.00 target price on shares of Danaher in a research note on Friday, April 20th. Bank of America set a $113.00 target price on shares of Danaher and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on shares of Danaher from $110.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. Danaher has an average rating of “Buy” and a consensus target price of $108.25.
Get Danaher alerts:Shares of DHR stock opened at $101.29 on Thursday. The firm has a market capitalization of $69.01 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.83 and a beta of 1.05. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 0.38. Danaher has a one year low of $78.97 and a one year high of $106.08.
Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 19th. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.06. The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Danaher had a net margin of 13.56% and a return on equity of 11.39%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. equities research analysts predict that Danaher will post 4.45 earnings per share for the current fiscal year.
In related news, Director Linda P. Hefner sold 18,001 shares of the firm’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $101.51, for a total transaction of $1,827,281.51. Following the transaction, the director now directly owns 25,225 shares of the company’s stock, valued at $2,560,589.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel L. Comas sold 78,379 shares of the firm’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $101.67, for a total transaction of $7,968,792.93. Following the transaction, the chief financial officer now directly owns 148,769 shares in the company, valued at $15,125,344.23. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Danaher by 11.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 253,593 shares of the conglomerate’s stock worth $23,539,000 after acquiring an additional 26,584 shares during the period. Evermay Wealth Management LLC increased its holdings in Danaher by 42.3% in the 1st quarter. Evermay Wealth Management LLC now owns 18,319 shares of the conglomerate’s stock valued at $1,794,000 after buying an additional 5,445 shares during the period. Private Capital Group LLC increased its holdings in Danaher by 445.0% in the 1st quarter. Private Capital Group LLC now owns 1,744 shares of the conglomerate’s stock valued at $171,000 after buying an additional 1,424 shares during the period. Stone Ridge Asset Management LLC bought a new position in Danaher in the 4th quarter valued at about $470,000. Finally, Douglass Winthrop Advisors LLC increased its holdings in Danaher by 78.7% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 40,577 shares of the conglomerate’s stock valued at $3,973,000 after buying an additional 17,871 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.
About Danaher
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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