Danaher Co. (DHR) SVP Sells $408,722.93 in Stock

Danaher Co. (NYSE:DHR) SVP Angela S. Lalor sold 3,091 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $132.23, for a total transaction of $408,722.93. Following the sale, the senior vice president now owns 38,515 shares of the company’s stock, valued at $5,092,838.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of DHR stock opened at $130.21 on Wednesday. Danaher Co. has a 52 week low of $94.59 and a 52 week high of $134.67. The company has a market capitalization of $93.86 billion, a PE ratio of 28.81, a P/E/G ratio of 2.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 1.74.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. Danaher’s dividend payout ratio is presently 15.04%.

A number of research firms have weighed in on DHR. Zacks Investment Research lowered shares of Danaher from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $141.00 price objective (up from $138.00) on shares of Danaher in a research note on Wednesday, April 17th. Jefferies Financial Group raised their price objective on shares of Danaher to $140.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Deutsche Bank raised their price objective on shares of Danaher to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, UBS Group raised their price objective on shares of Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Danaher presently has a consensus rating of “Buy” and an average target price of $131.75.

Several hedge funds have recently made changes to their positions in the company. Canton Hathaway LLC boosted its holdings 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. boosted its holdings 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 purchased a new position in shares of Danaher in the fourth quarter worth approximately $1,705,000. IHT Wealth Management LLC boosted its holdings 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 boosted its holdings 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.

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About Danaher

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.

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