Danaher Co. (NYSE:DHR) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of Danaher in a report issued on Monday, April 16th. Jefferies Group analyst B. Couillard now expects that the conglomerate will post earnings per share of $0.94 for the quarter, up from their previous forecast of $0.93. Jefferies Group also issued estimates for Danaher’s Q3 2018 earnings at $1.07 EPS, FY2018 earnings at $4.37 EPS, Q1 2019 earnings at $1.11 EPS, Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.18 EPS and FY2019 earnings at $4.80 EPS.
A number of other research analysts have also weighed in on DHR. Argus raised their target price on shares of Danaher from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Danaher in a research note on Tuesday, January 30th. Credit Suisse Group reissued an “outperform” rating on shares of Danaher in a research note on Friday, March 9th. Zacks Investment Research raised shares of Danaher from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research note on Thursday, March 22nd. Finally, Barclays started coverage on shares of Danaher in a research note on Thursday, February 15th. They issued an “overweight” rating and a $110.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.18.
Danaher (NYSE:DHR) last issued its quarterly earnings results on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.97 billion. Danaher had a net margin of 13.60% and a return on equity of 11.36%. Danaher’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 28th. This is a positive change from Danaher’s previous quarterly dividend of $0.14. Danaher’s payout ratio is presently 15.88%.
In other news, EVP William K. Daniel sold 131,066 shares of Danaher stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $102.05, for a total transaction of $13,375,285.30. Following the sale, the executive vice president now owns 270,523 shares of the company’s stock, valued at approximately $27,606,872.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Angela S. Lalor sold 42,988 shares of Danaher stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $102.29, for a total transaction of $4,397,242.52. Following the completion of the sale, the senior vice president now owns 82,008 shares of the company’s stock, valued at approximately $8,388,598.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,260 shares of company stock worth $31,657,786. Corporate insiders own 11.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Calton & Associates Inc. acquired a new stake in Danaher in the 4th quarter valued at approximately $114,000. First Personal Financial Services increased its holdings in Danaher by 128.9% in the 4th quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 691 shares during the last quarter. CNB Bank acquired a new stake in Danaher in the 4th quarter valued at approximately $116,000. Truewealth LLC acquired a new stake in Danaher in the 4th quarter valued at approximately $121,000. Finally, Resources Investment Advisors Inc. increased its holdings in Danaher by 661.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock valued at $142,000 after purchasing an additional 1,329 shares during the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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