Joakim Weidemanis Sells 22,433 Shares of Danaher Co. (NYSE:DHR) Stock

Danaher Co. (NYSE:DHR) EVP Joakim Weidemanis sold 22,433 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $250.46, for a total value of $5,618,569.18. Following the transaction, the executive vice president now directly owns 90,412 shares in the company, valued at approximately $22,644,589.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Danaher Trading Up 0.3 %

Shares of Danaher stock opened at $246.58 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.85 and a quick ratio of 1.37. Danaher Co. has a 1 year low of $182.09 and a 1 year high of $259.00. The company has a market capitalization of $182.64 billion, a P/E ratio of 41.79, a P/E/G ratio of 3.78 and a beta of 0.83. The business has a 50 day moving average price of $248.87 and a 200 day moving average price of $231.16.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.20. Danaher had a return on equity of 11.43% and a net margin of 16.78%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the firm posted $2.36 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Danaher Co. will post 7.65 EPS for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 28th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Danaher’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 0.44%. Danaher’s payout ratio is 18.31%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DHR shares. KeyCorp lifted their price objective on Danaher from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their price objective on Danaher from $254.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Barclays lifted their price objective on Danaher from $260.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday. TD Cowen lifted their price objective on Danaher from $280.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird lifted their price objective on Danaher from $259.00 to $271.00 and gave the company an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Banco Santander S.A. acquired a new position in Danaher in the 3rd quarter valued at $683,000. First Citizens Bank & Trust Co. raised its holdings in Danaher by 0.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 26,611 shares of the conglomerate’s stock valued at $6,156,000 after acquiring an additional 149 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Danaher by 48.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,996 shares of the conglomerate’s stock valued at $68,707,000 after acquiring an additional 96,395 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Danaher by 4.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,080 shares of the conglomerate’s stock valued at $764,000 after acquiring an additional 142 shares during the last quarter. Finally, Keybank National Association OH raised its holdings in Danaher by 0.5% in the 3rd quarter. Keybank National Association OH now owns 553,155 shares of the conglomerate’s stock valued at $137,238,000 after acquiring an additional 2,567 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Danaher Company Profile

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.