Danaher Co. (NYSE:DHR - Get Free Report)'s stock price gapped down before the market opened on Wednesday after Citigroup lowered their price target on the stock from $285.00 to $265.00. The stock had previously closed at $247.84, but opened at $235.02. Citigroup currently has a buy rating on the stock. Danaher shares last traded at $230.31, with a volume of 3,000,262 shares trading hands.
DHR has been the subject of a number of other research reports. Stifel Nicolaus lifted their price target on Danaher from $250.00 to $265.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Danaher from $275.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Thursday. UBS Group lowered their price objective on Danaher from $309.00 to $305.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group dropped their price target on Danaher from $285.00 to $260.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Wolfe Research upgraded Danaher from a "peer perform" rating to an "outperform" rating and set a $285.00 price objective on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Danaher presently has an average rating of "Moderate Buy" and a consensus price target of $278.00.
Get Our Latest Analysis on Danaher
Hedge Funds Weigh In On Danaher
A number of hedge funds have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Danaher by 15.8% in the third quarter. FMR LLC now owns 23,617,424 shares of the conglomerate's stock valued at $6,566,116,000 after buying an additional 3,217,631 shares in the last quarter. Van ECK Associates Corp increased its stake in Danaher by 6,862.7% during the fourth quarter. Van ECK Associates Corp now owns 929,868 shares of the conglomerate's stock worth $213,452,000 after purchasing an additional 916,513 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Danaher by 17.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,582,982 shares of the conglomerate's stock worth $996,141,000 after purchasing an additional 535,254 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Danaher by 40,196.5% in the third quarter. International Assets Investment Management LLC now owns 429,964 shares of the conglomerate's stock valued at $119,539,000 after purchasing an additional 428,897 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its stake in Danaher by 30.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,705,884 shares of the conglomerate's stock worth $465,617,000 after buying an additional 397,671 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.
Danaher Stock Performance
The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $161.19 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 4.43 and a beta of 0.83. The stock's fifty day simple moving average is $235.89 and its 200-day simple moving average is $253.45.
Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. During the same period in the previous year, the company earned $2.09 EPS. Analysts predict that Danaher Co. will post 7.5 EPS for the current year.
Danaher Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, December 27th. Danaher's payout ratio is currently 20.61%.
About Danaher
(
Get Free Report)
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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