Danaher (NYSE:DHR) Price Target Cut to $230.00 by Analysts at The Goldman Sachs Group

Danaher (NYSE:DHR) had its price objective decreased by The Goldman Sachs Group from $265.00 to $230.00 in a research note published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the conglomerate’s stock.

Several other analysts have also commented on DHR. JPMorgan Chase & Co. raised their price objective on shares of Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Guggenheim lifted their target price on shares of Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Jefferies Financial Group lowered their target price on shares of Danaher from $265.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Leerink Partners lifted their target price on shares of Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Evercore lowered their target price on shares of Danaher from $254.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.60.

Danaher Stock Performance

Shares of DHR opened at $195.94 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51. Danaher has a one year low of $180.03 and a one year high of $242.80. The company has a 50-day simple moving average of $200.48 and a two-hundred day simple moving average of $214.79. The firm has a market capitalization of $138.66 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 2.57 and a beta of 0.95.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same period last year, the business posted $2.14 earnings per share. Danaher’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Danaher will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. This is an increase from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s payout ratio is 31.75%.

Insider Buying and Selling at Danaher

In related news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $208.01, for a total transaction of $274,573.20. Following the completion of the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Danaher

Several institutional investors and hedge funds have recently made changes to their positions in the company. Enterprise Financial Services Corp grew its position in Danaher by 1.4% in the 4th quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock worth $737,000 after purchasing an additional 46 shares during the period. Kennebec Savings Bank grew its position in Danaher by 1.4% in the 4th quarter. Kennebec Savings Bank now owns 3,348 shares of the conglomerate’s stock worth $766,000 after purchasing an additional 46 shares during the period. Revolve Wealth Partners LLC grew its position in Danaher by 2.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock worth $428,000 after purchasing an additional 47 shares during the period. High Note Wealth LLC grew its position in Danaher by 19.2% in the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 47 shares during the period. Finally, First Command Advisory Services Inc. grew its position in Danaher by 4.4% in the 4th quarter. First Command Advisory Services Inc. now owns 1,104 shares of the conglomerate’s stock worth $253,000 after purchasing an additional 47 shares during the period. Institutional investors own 79.05% of the company’s stock.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.