Danaher Co. (NYSE:DHR - Free Report) - Investment analysts at Zacks Research dropped their Q2 2024 earnings estimates for Danaher in a research note issued to investors on Tuesday, May 14th. Zacks Research analyst R. Department now expects that the conglomerate will post earnings of $1.57 per share for the quarter, down from their prior forecast of $1.62. The consensus estimate for Danaher's current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Danaher's FY2024 earnings at $7.55 EPS, Q1 2025 earnings at $2.06 EPS, Q2 2025 earnings at $1.92 EPS, Q4 2025 earnings at $2.44 EPS, Q1 2026 earnings at $2.20 EPS and FY2026 earnings at $9.80 EPS.
Several other research analysts have also recently weighed in on DHR. Bank of America increased their price objective on Danaher from $258.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Barclays boosted their price objective on shares of Danaher from $260.00 to $270.00 and gave the company an "equal weight" rating in a report on Wednesday, April 24th. Robert W. Baird increased their target price on shares of Danaher from $259.00 to $271.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. HSBC upgraded shares of Danaher from a "hold" rating to a "buy" rating and lifted their price target for the company from $250.00 to $280.00 in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Danaher from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $267.31.
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Danaher Stock Performance
Shares of NYSE DHR traded up $4.02 during trading hours on Wednesday, reaching $263.28. 3,072,598 shares of the stock were exchanged, compared to its average volume of 2,697,800. The stock's fifty day simple moving average is $248.07 and its 200 day simple moving average is $235.23. The firm has a market capitalization of $195.01 billion, a price-to-earnings ratio of 44.36, a P/E/G ratio of 3.87 and a beta of 0.83. Danaher has a 52 week low of $182.09 and a 52 week high of $264.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.85.
Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.62 billion. Danaher had a net margin of 16.78% and a return on equity of 11.43%. Danaher's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.36 EPS.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Banco Santander S.A. acquired a new position in shares of Danaher in the third quarter worth approximately $683,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Danaher by 20.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,128 shares of the conglomerate's stock worth $2,112,000 after purchasing an additional 1,533 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of Danaher by 0.6% during the fourth quarter. First Citizens Bank & Trust Co. now owns 26,611 shares of the conglomerate's stock worth $6,156,000 after buying an additional 149 shares during the period. Cercano Management LLC raised its stake in Danaher by 11.4% during the fourth quarter. Cercano Management LLC now owns 202,569 shares of the conglomerate's stock worth $46,862,000 after buying an additional 20,715 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Danaher by 48.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 296,996 shares of the conglomerate's stock valued at $68,707,000 after buying an additional 96,395 shares during the period. 79.05% of the stock is owned by institutional investors.
Insider Activity at Danaher
In other news, Director Alan G. Spoon sold 708 shares of the company's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $243.58, for a total transaction of $172,454.64. Following the completion of the transaction, the director now directly owns 116,202 shares in the company, valued at $28,304,483.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Alan G. Spoon sold 708 shares of Danaher stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $243.58, for a total transaction of $172,454.64. Following the sale, the director now directly owns 116,202 shares of the company's stock, valued at $28,304,483.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian W. Ellis sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $250.01, for a total value of $1,000,040.00. Following the completion of the transaction, the senior vice president now directly owns 29,830 shares of the company's stock, valued at approximately $7,457,798.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,824 shares of company stock valued at $41,963,189. 10.90% of the stock is owned by insiders.
Danaher Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.41%. Danaher's dividend payout ratio (DPR) is currently 18.31%.
About Danaher
(
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.
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