Danaher (NYSE:DHR) CAO Sells $1,782,186.88 in Stock

Danaher Corporation (NYSE:DHR) CAO Christopher Bouda sold 7,598 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $234.56, for a total transaction of $1,782,186.88. Following the completion of the sale, the chief accounting officer owned 9,107 shares in the company, valued at approximately $2,136,137.92. This trade represents a 45.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Danaher Trading Down 2.0%

Shares of NYSE DHR opened at $232.22 on Friday. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The stock has a market cap of $163.37 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.92 and a beta of 0.76. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average is $218.92 and its 200-day moving average is $201.77.

Danaher (NYSE:DHR) last released its quarterly earnings data on Wednesday, October 21st. The conglomerate reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.19. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Danaher had a net margin of 16.91% and a return on equity of 11.17%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Equities research analysts predict that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Danaher’s dividend payout ratio is 26.19%.

Analyst Ratings Changes

DHR has been the topic of several recent analyst reports. Guggenheim lifted their price objective on Danaher from $200.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Morgan Stanley increased their target price on Danaher from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Danaher from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Royal Bank Of Canada raised their target price on shares of Danaher from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Finally, Wells Fargo & Company lowered their target price on Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.91.

Institutional Trading of Danaher

A number of institutional investors have recently made changes to their positions in DHR. Chicago Partners Investment Group LLC lifted its stake in Danaher by 12.3% in the third quarter. Chicago Partners Investment Group LLC now owns 14,943 shares of the conglomerate’s stock valued at $3,444,000 after buying an additional 1,637 shares during the period. Covestor Ltd grew its stake in Danaher by 28.3% in the third quarter. Covestor Ltd now owns 213 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 47 shares during the period. Ascent Group LLC increased its holdings in shares of Danaher by 1.8% during the third quarter. Ascent Group LLC now owns 10,905 shares of the conglomerate’s stock valued at $2,416,000 after acquiring an additional 195 shares in the last quarter. Rakuten Investment Management Inc. increased its holdings in shares of Danaher by 9.3% during the third quarter. Rakuten Investment Management Inc. now owns 113,353 shares of the conglomerate’s stock valued at $25,630,000 after acquiring an additional 9,620 shares in the last quarter. Finally, Provenance Wealth Advisors LLC raised its position in shares of Danaher by 2,047.9% during the third quarter. Provenance Wealth Advisors LLC now owns 2,513 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 2,396 shares during the period. Institutional investors own 79.05% of the company’s stock.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.