Insider Selling: Danaher Co. (DHR) EVP Sells 7,726 Shares of Stock

Danaher Co. (NYSE:DHR) EVP Daniel L. Comas sold 7,726 shares of Danaher stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $132.41, for a total value of $1,022,999.66. Following the transaction, the executive vice president now owns 119,095 shares in the company, valued at approximately $15,769,368.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE DHR opened at $130.32 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. Danaher Co. has a one year low of $94.59 and a one year high of $134.67. The stock has a market capitalization of $93.86 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.53 and a beta of 1.02.

Danaher (NYSE:DHR) last issued its earnings results on Thursday, April 18th. The conglomerate reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Danaher had a return on equity of 11.61% and a net margin of 12.04%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Danaher Co. will post 4.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. Danaher’s dividend payout ratio (DPR) is currently 15.04%.

A number of hedge funds and other institutional investors have recently modified their holdings of DHR. Canton Hathaway LLC lifted its position in shares of Danaher by 8.7% in the first quarter. Canton Hathaway LLC now owns 12,886 shares of the conglomerate’s stock worth $1,701,000 after buying an additional 1,036 shares during the last quarter. Abacus Planning Group Inc. lifted its position in shares of Danaher by 52.3% in the fourth quarter. Abacus Planning Group Inc. now owns 9,979 shares of the conglomerate’s stock worth $225,000 after buying an additional 3,428 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Danaher in the fourth quarter worth about $1,705,000. IHT Wealth Management LLC lifted its position in shares of Danaher by 5.1% in the fourth quarter. IHT Wealth Management LLC now owns 2,023 shares of the conglomerate’s stock worth $209,000 after buying an additional 98 shares during the last quarter. Finally, Findlay Park Partners LLP lifted its position in shares of Danaher by 0.9% in the first quarter. Findlay Park Partners LLP now owns 4,635,000 shares of the conglomerate’s stock worth $611,913,000 after buying an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

A number of research analysts have recently weighed in on DHR shares. Janney Montgomery Scott upgraded Danaher from a “neutral” rating to a “buy” rating in a report on Monday, February 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $140.00 price target on shares of Danaher in a report on Monday, March 4th. UBS Group lifted their price target on Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Deutsche Bank lifted their price target on Danaher to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Jefferies Financial Group lifted their price target on Danaher to $140.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $131.75.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Danaher Co. (DHR) EVP Sells 7,726 Shares of Stock” was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/05/21/insider-selling-danaher-co-dhr-evp-sells-7726-shares-of-stock.html.

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 mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

Featured Story: Price-Sales Ratio

Insider Buying and Selling by Quarter for Danaher (NYSE:DHR)

Receive News & Ratings for Danaher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danaher and related companies with MarketBeat.com's FREE daily email newsletter.