Today: The Danaher Corp.’s (DHR) “Buy” Rating Reaffirmed at Evercore ISI

The Danaher Corp.’s (DHR) “Buy” Rating Reaffirmed at Evercore ISI

Evercore ISI reaffirmed their buy rating on shares of Danaher Corp. (NYSE:DHR) in a research note published on Wednesday. The brokerage currently has a $89.00 price target on the stock.

Several other research firms have also weighed in on DHR. Sanford C. Bernstein raised Danaher Corp. from a market perform rating to an outperform rating and set a $120.00 price objective for the company in a research report on Thursday, June 23rd. Barclays PLC reissued an overweight rating and issued a $105.00 price objective on shares of Danaher Corp. in a research report on Monday, June 27th. Zacks Investment Research lowered Danaher Corp. from a hold rating to a sell rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reissued a buy rating and issued a $105.00 price objective on shares of Danaher Corp. in a research report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. assumed coverage on Danaher Corp. in a research report on Tuesday, July 5th. They issued a neutral rating and a $74.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $92.87.

Danaher Corp. (NYSE:DHR) traded down 0.85% on Wednesday, hitting $76.13. The stock had a trading volume of 235,858 shares. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 15.14 and a beta of 1.13. Danaher Corp. has a 52 week low of $61.60 and a 52 week high of $82.64. The company has a 50-day moving average price of $78.40 and a 200-day moving average price of $76.77.

Danaher Corp. (NYSE:DHR) last announced its earnings results on Monday, July 25th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.03. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. Equities research analysts anticipate that Danaher Corp. will post $3.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. Danaher Corp.’s payout ratio is currently 9.94%.

In related news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $81.44, for a total value of $3,737,851.68. Following the transaction, the insider now owns 179,054 shares of the company’s stock, valued at $14,582,157.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel L. Comas sold 96,446 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.88, for a total value of $7,800,552.48. Following the completion of the transaction, the chief financial officer now directly owns 215,716 shares in the company, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Green Valley Investors LLC purchased a new position in Danaher Corp. during the second quarter worth approximately $219,027,000. Vanguard Group Inc. boosted its position in Danaher Corp. by 4.5% in the second quarter. Vanguard Group Inc. now owns 36,674,510 shares of the company’s stock worth $3,704,126,000 after buying an additional 1,586,751 shares in the last quarter. FMR LLC boosted its position in Danaher Corp. by 3.3% in the second quarter. FMR LLC now owns 35,987,650 shares of the company’s stock worth $3,634,752,000 after buying an additional 1,165,271 shares in the last quarter. Aristotle Capital Management LLC boosted its position in Danaher Corp. by 219.9% in the second quarter. Aristotle Capital Management LLC now owns 1,598,913 shares of the company’s stock worth $161,490,000 after buying an additional 1,099,123 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Danaher Corp. during the second quarter worth approximately $88,276,000. 75.74% of the stock is currently owned by institutional investors and hedge funds.

About Danaher Corp.

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