Danaher Co. (NYSE:DHR) CEO Sells $2,386,325.00 in Stock

Danaher Co. (NYSE:DHR - Get Free Report) CEO Rainer Blair sold 9,005 shares of the company's stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $265.00, for a total value of $2,386,325.00. Following the transaction, the chief executive officer now directly owns 106,990 shares in the company, valued at $28,352,350. The sale was disclosed in a filing with the SEC, which is available through this link.

Rainer Blair also recently made the following trade(s):

• On Tuesday, May 14th, Rainer Blair sold 19,085 shares of Danaher stock. The shares were sold at an average price of $255.00, for a total transaction of $4,866,675.00.
• On Wednesday, April 24th, Rainer Blair sold 47,175 shares of Danaher stock. The shares were sold at an average price of $249.22, for a total value of $11,756,953.50.

Danaher Stock Up 0.4 %

Shares of DHR traded up $0.96 during mid-day trading on Friday, hitting $265.80. 3,167,016 shares of the company's stock were exchanged, compared to its average volume of 2,710,724. The company has a market cap of $196.88 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 4.06 and a beta of 0.83. Danaher Co. has a fifty-two week low of $182.09 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.85. The stock's 50-day moving average is $248.50 and its 200-day moving average is $235.63.

Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.20. Danaher had a net margin of 16.78% and a return on equity of 11.43%. The firm had revenue of $5.80 billion for the quarter, compared to analysts' expectations of $5.62 billion. During the same quarter last year, the company earned $2.36 earnings per share. The firm's revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.08 dividend on an annualized basis and a yield of 0.41%. Danaher's payout ratio is currently 18.31%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DHR shares. Royal Bank of Canada raised their price objective on Danaher from $254.00 to $282.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. Raymond James upped their price objective on shares of Danaher from $240.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Barclays raised their target price on shares of Danaher from $260.00 to $270.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 24th. TD Cowen increased their price target on Danaher from $280.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price objective on Danaher from $280.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $267.31.

Hedge Funds Weigh In On Danaher

Hedge funds have recently modified their holdings of the business. Cape Investment Advisory Inc. purchased a new position in Danaher in the 4th quarter valued at $25,000. Tsfg LLC grew its position in Danaher by 733.3% in the 1st quarter. Tsfg LLC now owns 100 shares of the conglomerate's stock valued at $25,000 after buying an additional 88 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Danaher during the 4th quarter worth $27,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Danaher during the 4th quarter worth $29,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Danaher during the 3rd quarter worth $30,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

About Danaher

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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