Danaher Co. (DHR) Insider Thomas Patrick Joyce, Jr. Sells 120,354 Shares of Stock

Danaher Co. (NYSE:DHR) insider Thomas Patrick Joyce, Jr. sold 120,354 shares of the business’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $101.17, for a total value of $12,176,214.18. Following the completion of the transaction, the insider now directly owns 151,959 shares of the company’s stock, valued at $15,373,692.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DHR stock opened at $100.10 on Wednesday. Danaher Co. has a 12-month low of $78.97 and a 12-month high of $104.82. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 0.38. The stock has a market cap of $70,695.56, a price-to-earnings ratio of 24.27, a PEG ratio of 1.90 and a beta of 1.03.

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Danaher (NYSE:DHR) last posted its quarterly earnings results on Thursday, April 19th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. Danaher had a return on equity of 11.39% and a net margin of 13.56%. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. research analysts anticipate that Danaher Co. will post 4.45 earnings per share for the current year.



The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Danaher’s previous quarterly dividend of $0.14. Danaher’s payout ratio is 15.88%.

Hedge funds have recently bought and sold shares of the business. North American Management Corp boosted its position in shares of Danaher by 0.4% in the fourth quarter. North American Management Corp now owns 123,093 shares of the conglomerate’s stock worth $11,426,000 after buying an additional 512 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Danaher by 0.3% in the fourth quarter. Chesley Taft & Associates LLC now owns 161,450 shares of the conglomerate’s stock worth $14,986,000 after buying an additional 519 shares during the period. FTB Advisors Inc. boosted its position in shares of Danaher by 14.9% in the fourth quarter. FTB Advisors Inc. now owns 4,064 shares of the conglomerate’s stock worth $386,000 after buying an additional 528 shares during the period. D.A. Davidson & CO. boosted its position in shares of Danaher by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 13,374 shares of the conglomerate’s stock worth $1,241,000 after buying an additional 548 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Danaher by 10.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 6,077 shares of the conglomerate’s stock worth $562,000 after buying an additional 560 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. Barclays reiterated a “buy” rating and issued a $113.00 target price on shares of Danaher in a research note on Friday, April 20th. Robert W. Baird reiterated a “buy” rating and issued a $106.00 target price on shares of Danaher in a research note on Friday, April 20th. Jefferies Group reiterated a “buy” rating and issued a $117.00 target price on shares of Danaher in a research note on Friday, April 20th. Morgan Stanley upped their target price on Danaher from $110.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. Finally, Zacks Investment Research upgraded Danaher from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $105.31.

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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 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.

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

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