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Danaher Co. (NYSE:DHR) Short Interest Update

Last updated on Wednesday, April 21, 2021 | 2021 MarketBeat

Danaher Co. (NYSE:DHR) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 4,720,000 shares, a decrease of 17.5% from the March 15th total of 5,720,000 shares. Based on an average daily volume of 2,590,000 shares, the short-interest ratio is presently 1.8 days. Currently, 0.8% of the shares of the stock are sold short.

NYSE:DHR opened at $241.85 on Wednesday. The company has a market cap of $172.46 billion, a P/E ratio of 48.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.72. Danaher has a twelve month low of $151.37 and a twelve month high of $248.86. The business has a 50 day moving average price of $224.83 and a two-hundred day moving average price of $228.60. The company has a quick ratio of 1.68, a current ratio of 2.08 and a debt-to-equity ratio of 0.63.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.84 by $0.24. The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.62 billion. Danaher had a return on equity of 12.94% and a net margin of 18.05%. The business's quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. As a group, analysts anticipate that Danaher will post 6.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Friday, March 26th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.35%. This is an increase from Danaher's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, March 25th. Danaher's payout ratio is presently 19.00%.

In other Danaher news, SVP Angela S. Lalor sold 6,437 shares of Danaher stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $244.70, for a total transaction of $1,575,133.90. Following the sale, the senior vice president now directly owns 25,148 shares of the company's stock, valued at $6,153,715.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.70% of the company's stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brasada Capital Management LP lifted its holdings in Danaher by 40.9% during the 3rd quarter. Brasada Capital Management LP now owns 49,539 shares of the conglomerate's stock worth $10,667,000 after purchasing an additional 14,384 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Danaher by 1.0% during the third quarter. Great West Life Assurance Co. Can now owns 554,877 shares of the conglomerate's stock worth $119,454,000 after buying an additional 5,582 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Danaher in the third quarter valued at about $846,000. IHT Wealth Management LLC grew its stake in shares of Danaher by 2.2% in the third quarter. IHT Wealth Management LLC now owns 2,212 shares of the conglomerate's stock valued at $476,000 after acquiring an additional 48 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in Danaher by 60.8% during the third quarter. Kingsview Wealth Management LLC now owns 27,145 shares of the conglomerate's stock worth $5,845,000 after acquiring an additional 10,259 shares during the period. Institutional investors and hedge funds own 78.00% of the company's stock.

A number of brokerages recently issued reports on DHR. Credit Suisse Group increased their target price on shares of Danaher from $260.00 to $264.00 and gave the stock an "outperform" rating in a research report on Thursday, January 14th. Zacks Investment Research lowered shares of Danaher from a "hold" rating to a "sell" rating and set a $241.00 price target for the company. in a report on Friday, April 9th. Finally, Barclays assumed coverage on Danaher in a research note on Monday, March 8th. They set an "overweight" rating and a $260.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of $237.33.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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