Needham & Company LLC Reaffirms “Buy” Rating for Danaher (NYSE:DHR)
Needham & Company LLC reaffirmed their buy rating on shares of Danaher (NYSE:DHR) in a report published on Friday, Briefing.com Automated Import reports. Needham & Company LLC currently has a $155.00 target price on the conglomerate’s stock, up from their prior target price of $142.00.
Several other equities analysts have also weighed in on the company. Piper Jaffray Companies raised Post from a neutral rating to an overweight rating and lifted their price objective for the company from $106.00 to $130.00 in a research note on Thursday. Janney Montgomery Scott lifted their price objective on Danaher from $136.00 to $174.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Zacks Investment Research downgraded GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. Finally, Wolfe Research assumed coverage on Waters in a report on Thursday, May 30th. They set an underperform rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $139.08.
NYSE DHR opened at $141.61 on Friday. The firm has a market cap of $101.59 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.56 and a beta of 0.96. Danaher has a 1-year low of $94.59 and a 1-year high of $145.50. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $140.27.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.48%. Danaher’s payout ratio is currently 15.04%.
In other Danaher news, EVP Daniel L. Comas sold 30,000 shares of Danaher stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $131.00, for a total transaction of $3,930,000.00. Following the sale, the executive vice president now directly owns 164,039 shares in the company, valued at approximately $21,489,109. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan G. Spoon sold 1,913 shares of Danaher stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $129.52, for a total value of $247,771.76. Following the sale, the director now owns 86,863 shares in the company, valued at $11,250,495.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 453,448 shares of company stock worth $59,724,640. Company insiders own 11.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DHR. Mechanics Bank Trust Department increased its holdings in shares of Danaher by 1.7% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 75 shares during the last quarter. Adirondack Trust Co. boosted its position in Danaher by 3.1% during the 1st quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock valued at $349,000 after purchasing an additional 78 shares during the period. HL Financial Services LLC boosted its position in Danaher by 0.4% during the 1st quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock valued at $2,528,000 after purchasing an additional 79 shares during the period. Cornerstone Advisors Inc. boosted its position in Danaher by 2.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock valued at $367,000 after purchasing an additional 79 shares during the period. Finally, First Personal Financial Services boosted its position in Danaher by 13.7% during the 1st quarter. First Personal Financial Services now owns 664 shares of the conglomerate’s stock valued at $88,000 after purchasing an additional 80 shares during the period. Institutional investors own 78.86% of the company’s stock.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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