Danaher Co. (NYSE:DHR) Given Average Rating of “Buy” by Analysts

Danaher Co. (NYSE:DHR) has been assigned an average recommendation of “Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $147.57.

A number of equities research analysts recently weighed in on DHR shares. Stifel Nicolaus reiterated a “hold” rating and set a $150.00 price objective on shares of Danaher in a report on Thursday, November 14th. Credit Suisse Group restated an “outperform” rating and issued a $151.00 target price on shares of Danaher in a research note on Monday, October 14th. Wolfe Research set a $154.00 target price on shares of Danaher and gave the stock a “buy” rating in a research report on Friday, October 25th. Needham & Company LLC decreased their price target on shares of Danaher from $155.00 to $152.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, UBS Group boosted their price target on Danaher from $158.00 to $165.00 and gave the company a “buy” rating in a report on Monday, December 2nd.

Danaher stock traded up $0.61 during mid-day trading on Friday, hitting $149.45. The company’s stock had a trading volume of 1,778,067 shares, compared to its average volume of 3,202,802. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.09 and a current ratio of 3.43. The company has a 50 day moving average of $140.94 and a 200-day moving average of $140.24. Danaher has a one year low of $94.59 and a one year high of $149.61. The stock has a market cap of $106.46 billion, a PE ratio of 33.11, a P/E/G ratio of 2.62 and a beta of 0.92.

Danaher (NYSE:DHR) last released its earnings results on Thursday, October 24th. The conglomerate reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.01. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.02 billion. Danaher had a return on equity of 11.42% and a net margin of 12.13%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, equities research analysts forecast that Danaher will post 4.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.46%. Danaher’s payout ratio is 15.04%.

Large investors have recently bought and sold shares of the company. WealthPLAN Partners LLC grew its position in Danaher by 2.0% in the third quarter. WealthPLAN Partners LLC now owns 3,580 shares of the conglomerate’s stock worth $491,000 after acquiring an additional 70 shares during the period. River Wealth Advisors LLC lifted its stake in Danaher by 0.4% in the third quarter. River Wealth Advisors LLC now owns 16,838 shares of the conglomerate’s stock valued at $2,432,000 after buying an additional 73 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Danaher by 2.0% in the second quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock valued at $529,000 after acquiring an additional 74 shares during the period. JGP Global Gestao de Recursos Ltda. boosted its holdings in shares of Danaher by 2.0% in the third quarter. JGP Global Gestao de Recursos Ltda. now owns 3,718 shares of the conglomerate’s stock valued at $537,000 after acquiring an additional 74 shares during the period. Finally, Copperwynd Financial LLC grew its position in shares of Danaher by 1.9% during the second quarter. Copperwynd Financial LLC now owns 4,144 shares of the conglomerate’s stock worth $592,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 78.16% of the company’s stock.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Analyst Recommendations for Danaher (NYSE:DHR)

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