Thomas Patrick Joyce, Jr. Sells 125,989 Shares of Danaher Corporation (DHR) Stock
Danaher Corporation (NYSE:DHR) CEO Thomas Patrick Joyce, Jr. sold 125,989 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $92.64, for a total value of $11,671,620.96. Following the transaction, the chief executive officer now owns 271,737 shares of the company’s stock, valued at approximately $25,173,715.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Danaher Corporation (NYSE:DHR) opened at $93.13 on Friday. The stock has a market cap of $64.49 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.42.
Danaher Corporation (NYSE:DHR) last released its quarterly earnings results on Thursday, October 19th. The conglomerate reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.47 billion. Danaher Corporation had a return on equity of 11.29% and a net margin of 13.36%. Danaher Corporation’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. analysts expect that Danaher Corporation will post 3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a $0.14 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. Danaher Corporation’s dividend payout ratio is currently 16.52%.
Several research analysts have recently weighed in on DHR shares. Jefferies Group LLC reiterated a “buy” rating and set a $95.00 price target on shares of Danaher Corporation in a research note on Friday, August 4th. Citigroup Inc set a $96.00 target price on Danaher Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, July 28th. Cowen and Company restated a “buy” rating and issued a $90.00 target price on shares of Danaher Corporation in a research note on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $88.00 target price on shares of Danaher Corporation in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Danaher Corporation presently has a consensus rating of “Buy” and an average target price of $93.31.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Danaher Corporation by 2,530.9% in the first quarter. BlackRock Inc. now owns 37,967,922 shares of the conglomerate’s stock worth $3,247,398,000 after purchasing an additional 36,524,795 shares in the last quarter. Flossbach Von Storch AG grew its stake in Danaher Corporation by 44.7% in the second quarter. Flossbach Von Storch AG now owns 5,782,019 shares of the conglomerate’s stock worth $487,945,000 after purchasing an additional 1,785,810 shares in the last quarter. Vanguard Group Inc. grew its stake in Danaher Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 40,967,631 shares of the conglomerate’s stock worth $3,503,962,000 after purchasing an additional 1,530,015 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Danaher Corporation by 16,410.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,485,901 shares of the conglomerate’s stock worth $125,395,000 after purchasing an additional 1,476,901 shares in the last quarter. Finally, Koch Industries Inc. boosted its position in Danaher Corporation by 29,127.3% during the 2nd quarter. Koch Industries Inc. now owns 1,404,665 shares of the conglomerate’s stock valued at $1,388,000 after acquiring an additional 1,399,859 shares in the last quarter. Institutional investors and hedge funds own 75.49% of the company’s stock.
About Danaher Corporation
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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