Economy

Credit Suisse Maintains Rating And Raises Price Target On Danaher Corporation (DHR)

Fiduciary Trust Co. now owns 13,727 shares of the conglomerate's stock worth $1,158,000 after acquiring an additional 1,971 shares in the last quarter. The value of the company's investment in Danaher Corporation went from $40,990,000 to $43,203,000 increasing 5.4% quarter over quarter. It also reduced Exxon Mobil Corp (NYSE:XOM) stake by 10,120 shares and now owns 552,113 shares. Linda Hefner, a director at (DHR), sold 10578 shares at a price of 83.03 to bring his total ownership in the stock to 31,573 shares. Arrowstreet Capital Limited Partnership boosted its position in Danaher Corporation by 16,410.0% in the 2nd quarter. AGF Investments America Inc. now owns 116,216 shares of the conglomerate's stock worth $9,807,000 after acquiring an additional 26,535 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Danaher Corporation during the 1st quarter worth $157,000. Flossbach Von Storch AG boosted its position in Danaher Corporation by 44.7% in the 2nd quarter. Motco now owns 2,011 shares of the conglomerate's stock worth $170,000 after buying an additional 163 shares during the last quarter. Vanguard Group Inc. boosted its position in Danaher Corporation by 3.9% in the 1st quarter. Koch Industries Inc. now owns 1,404,665 shares of the conglomerate's stock valued at $1,388,000 after buying an additional 1,399,859 shares during the period. Perhaps, that suggests something about why 75.56% of the outstanding share supply is held by institutional investors.

Several equities analysts have commented on the company.

On October 6 Morgan Stanley held the company rating at "Overweight" but lowered the price target to $95.00 from $100.00. The stock of Danaher Corporation (NYSE:DHR) earned "Neutral" rating by Citigroup on Thursday, January 21. J P Morgan Chase & Co reiterated an "overweight" rating and issued a $95.00 target price on shares of Danaher Corporation in a research report on Friday, September 8th.

Driving interest in Danaher Corporation (DHR) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. Goldman Sachs Group, Inc. Zacks Investment Research downgraded shares of Danaher Corporation from a "buy" rating to a "hold" rating in a report on Thursday, July 27th. The stock presently has a consensus rating of "Buy" and an average target price of $93.05.

A number of hedge funds have recently modified their holdings of DHR. The company had a trading volume of 695,839 shares.

It is trading at $91.10 which is just over the 50 day moving average of $86.38 and a tad higher than the 200 day moving average of $84.25. Over the course of the a year ago DHR has set a 52-week high of $88.62 while the corresponding low set was $76.24. The company has a market capitalization of $63.31 billion, a price-to-earnings ratio of 29.09 and a beta of 1.03.

Danaher Corporation (NYSE:DHR) last issued its quarterly earnings results on Thursday, October 19th. The dividend will be $0.140 per share for the quarter which is $0.56 annualized. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.47 billion. Next quarter's EPS is expected be $0.95 with next year's EPS projected to be $4.31. The business's revenue was up 9.6% compared to the same quarter past year. The company also recently announced a dividend that will be paid on Friday the 27th of October 2017. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29. This dividend amount will represent a yield of $0.66. Danaher Corporation's dividend payout ratio is now 17.83%. Massachusetts-based Jp Marvel Investment Ltd Com has invested 0.93% in Danaher Corporation (NYSE:DHR).

TRADEMARK VIOLATION NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The correct version of this report can be viewed at https://weekherald.com/2017/10/20/danaher-corporation-dhr-shares-sold-by-investec-asset-management-ltd.html.

Recent insider trends for Danaher Corporation (NYSE:DHR) have caught the attention of investors. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction dated Monday, July 31st. Following the sale, the insider now directly owns 45,748 shares of the company's stock, valued at approximately $3,790,679.28. The disclosure for this sale can be found here. These ratios are important while doing valuation of the company or the shares of the company.



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