Danaher (DHR) Issues Q4 Earnings Guidance
Danaher (NYSE:DHR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.25-1.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.28. Danaher also updated its FY 2018 guidance to $4.49-4.52 EPS.
A number of equities analysts recently commented on the company. Robert W. Baird cut their price objective on Danaher from $116.00 to $114.00 and set an outperform rating on the stock in a research note on Friday. Zacks Investment Research lowered Danaher from a hold rating to a sell rating in a research note on Monday, July 16th. Royal Bank of Canada boosted their price target on Danaher to $107.00 and gave the company a positive rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. ValuEngine raised Danaher from a hold rating to a buy rating in a research note on Thursday, July 12th. Finally, Morgan Stanley boosted their price target on Danaher from $120.00 to $122.00 and gave the company an overweight rating in a research note on Friday, July 20th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Danaher currently has an average rating of Buy and an average price target of $112.14.
Shares of DHR opened at $100.39 on Friday. Danaher has a 52-week low of $90.05 and a 52-week high of $110.13. The company has a current ratio of 1.50, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $70.84 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.95 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, September 27th. Danaher’s dividend payout ratio (DPR) is presently 15.88%.
In other news, insider Thomas Patrick Joyce, Jr. sold 104,913 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $101.88, for a total transaction of $10,688,536.44. Following the transaction, the insider now directly owns 276,438 shares of the company’s stock, valued at $28,163,503.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William K. Daniel sold 103,086 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $100.63, for a total value of $10,373,544.18. Following the transaction, the executive vice president now directly owns 167,080 shares in the company, valued at $16,813,260.40. The disclosure for this sale can be found here. Insiders have sold 299,961 shares of company stock worth $30,619,691 over the last ninety days. 11.90% of the stock is owned by insiders.
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 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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