Danaher (NYSE:DHR) Shares Gap Up Following Earnings Beat

Danaher Corporation (NYSE:DHR)’s stock price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $208.39, but opened at $223.50. Danaher shares last traded at $224.83, with a volume of 3,326,883 shares traded.

The conglomerate reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6 billion. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS.

Danaher Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, September 26th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th. Danaher’s dividend payout ratio is 27.23%.

Analyst Ratings Changes

DHR has been the subject of several research reports. Robert W. Baird upped their target price on Danaher from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Barclays reiterated an “overweight” rating and issued a $225.00 target price (up from $215.00) on shares of Danaher in a report on Tuesday, June 24th. Guggenheim reiterated a “buy” rating and issued a $250.00 target price on shares of Danaher in a report on Wednesday, July 23rd. Wall Street Zen upgraded Danaher from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada set a $241.00 target price on Danaher in a report on Tuesday, September 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and an average price target of $245.00.

Insider Buying and Selling

In other Danaher news, Director Teri List sold 2,778 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $211.06, for a total value of $586,324.68. Following the completion of the sale, the director directly owned 20,751 shares in the company, valued at approximately $4,379,706.06. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.20% of the company’s stock.

Institutional Trading of Danaher

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC grew its holdings in Danaher by 27.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 8,318 shares of the conglomerate’s stock worth $1,649,000 after acquiring an additional 1,816 shares during the period. Community Financial Services Group LLC grew its holdings in Danaher by 4.8% during the third quarter. Community Financial Services Group LLC now owns 20,303 shares of the conglomerate’s stock worth $4,025,000 after acquiring an additional 932 shares during the period. Capital Advisors Inc. OK grew its holdings in Danaher by 24.6% during the third quarter. Capital Advisors Inc. OK now owns 217,130 shares of the conglomerate’s stock worth $43,048,000 after acquiring an additional 42,808 shares during the period. Davis Capital Management acquired a new stake in Danaher during the third quarter worth about $451,000. Finally, American National Bank & Trust grew its holdings in Danaher by 2.3% during the third quarter. American National Bank & Trust now owns 2,451 shares of the conglomerate’s stock worth $486,000 after acquiring an additional 54 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Stock Performance

The stock has a market capitalization of $158.34 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The firm has a fifty day moving average of $202.07 and a 200 day moving average of $197.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.22.

About Danaher

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.