Danaher Corporation (DHR) to Issue Quarterly Dividend of $0.14 on October 27th
Danaher Corporation (NYSE:DHR) declared a quarterly dividend on Tuesday, September 12th, RTT News reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.14 per share by the conglomerate on Friday, October 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, September 28th.
Danaher Corporation has increased its dividend by an average of 97.8% annually over the last three years and has increased its dividend every year for the last 3 years. Danaher Corporation has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Danaher Corporation to earn $4.27 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 13.1%.
Danaher Corporation (DHR) opened at 86.78 on Friday. The firm has a market cap of $60.29 billion, a price-to-earnings ratio of 27.70 and a beta of 1.03. The firm has a 50-day moving average price of $82.99 and a 200-day moving average price of $84.20. Danaher Corporation has a 1-year low of $75.71 and a 1-year high of $88.62.
Danaher Corporation (NYSE:DHR) last issued its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the company posted $0.90 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect that Danaher Corporation will post $3.95 earnings per share for the current fiscal year.
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In other Danaher Corporation news, insider William King sold 43,688 shares of Danaher Corporation stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $82.86, for a total transaction of $3,619,987.68. Following the transaction, the insider now directly owns 45,748 shares of the company’s stock, valued at approximately $3,790,679.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of Danaher Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.78, for a total value of $799,154.16. Following the transaction, the insider now directly owns 155,520 shares in the company, valued at $12,718,425.60. The disclosure for this sale can be found here. Insiders have sold a total of 71,496 shares of company stock worth $5,916,223 over the last ninety days. Company insiders own 12.20% of the company’s stock.
Several equities analysts have recently issued reports on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $95.00 price target on shares of Danaher Corporation in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Danaher Corporation in a research note on Friday, August 4th. BidaskClub lowered Danaher Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Friday, July 28th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Danaher Corporation in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Danaher Corporation presently has a consensus rating of “Buy” and an average target price of $92.72.
Danaher Corporation Company Profile
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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