Analysts Set Danaher Corporation (NYSE:DHR) Target Price at $228.91

Shares of Danaher Corporation (NYSE:DHR) have been given a consensus recommendation of “Moderate Buy” by the twenty-five analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $228.9130.

Several research analysts have recently issued reports on DHR shares. Robert W. Baird cut their target price on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Morgan Stanley dropped their price target on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. HSBC decreased their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Finally, Stifel Nicolaus cut their target price on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd.

Institutional Investors Weigh In On Danaher

Several institutional investors and hedge funds have recently modified their holdings of DHR. Investors Research Corp raised its stake in Danaher by 28,000.0% in the second quarter. Investors Research Corp now owns 2,810 shares of the conglomerate’s stock worth $535,000 after buying an additional 2,800 shares in the last quarter. Tema ETFs LLC boosted its position in Danaher by 6.2% during the 2nd quarter. Tema ETFs LLC now owns 19,114 shares of the conglomerate’s stock valued at $3,641,000 after acquiring an additional 1,114 shares in the last quarter. Generali Investments Management Co LLC boosted its position in Danaher by 2.9% during the 2nd quarter. Generali Investments Management Co LLC now owns 13,138 shares of the conglomerate’s stock valued at $2,503,000 after acquiring an additional 375 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Danaher by 10.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 289,223 shares of the conglomerate’s stock worth $55,091,000 after acquiring an additional 28,425 shares during the period. Finally, Community Financial Services Group LLC raised its position in shares of Danaher by 5.2% in the 2nd quarter. Community Financial Services Group LLC now owns 21,964 shares of the conglomerate’s stock worth $4,255,000 after acquiring an additional 1,087 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Danaher Trading Down 1.3%

NYSE DHR opened at $196.55 on Monday. The firm has a market cap of $138.17 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.48 and a beta of 0.79. Danaher has a 1-year low of $160.93 and a 1-year high of $242.80. The stock has a 50-day moving average of $187.44 and a 200-day moving average of $195.95. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last posted its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period last year, the company earned $0.77 EPS. Danaher’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Danaher will post 8.53 EPS for the current year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Danaher’s dividend payout ratio (DPR) is presently 28.42%.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.