Danaher Corporation (DHR) Declares Quarterly Dividend of $0.14
Danaher Corporation (NYSE:DHR) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.14 per share by the conglomerate on Friday, January 26th. This represents a $0.56 annualized dividend and a yield of 0.60%.
Danaher has raised its dividend payment by an average of 97.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Danaher has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Danaher to earn $4.32 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 13.0%.
Danaher (DHR) traded down $0.08 on Wednesday, reaching $92.74. 2,376,900 shares of the company’s stock traded hands, compared to its average volume of 2,632,848. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.42. The firm has a market cap of $64,566.07, a PE ratio of 23.86, a PEG ratio of 2.21 and a beta of 1.02. Danaher has a 52-week low of $76.27 and a 52-week high of $94.82.
Danaher (NYSE:DHR) last posted its quarterly earnings data on Thursday, October 19th. The conglomerate reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.05. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Danaher had a net margin of 13.36% and a return on equity of 11.29%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. sell-side analysts expect that Danaher will post 3.99 EPS for the current fiscal year.
Several equities research analysts have weighed in on DHR shares. J P Morgan Chase & Co restated an “overweight” rating and issued a $95.00 price objective on shares of Danaher in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, October 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 target price (up previously from $86.00) on shares of Danaher in a research note on Friday, October 6th. Cowen reaffirmed a “buy” rating and issued a $90.00 target price on shares of Danaher in a research note on Wednesday, October 4th. Finally, Credit Suisse Group raised their target price on shares of Danaher from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Danaher currently has a consensus rating of “Buy” and a consensus price target of $93.31.
In related news, SVP Daniel Raskas sold 37,870 shares of Danaher stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $93.33, for a total transaction of $3,534,407.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robert S. Lutz sold 11,189 shares of Danaher stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $91.66, for a total transaction of $1,025,583.74. Following the transaction, the chief accounting officer now directly owns 18,314 shares in the company, valued at approximately $1,678,661.24. The disclosure for this sale can be found here. Insiders have sold a total of 273,810 shares of company stock worth $25,218,813 in the last three months. 12.20% of the stock is owned by insiders.
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Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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