Raymond James Boosts Danaher (NYSE:DHR) Price Target to $270.00

Danaher (NYSE:DHRFree Report) had its price objective upped by Raymond James from $240.00 to $270.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the conglomerate’s stock.

A number of other research analysts also recently issued reports on the company. StockNews.com upgraded Danaher from a hold rating to a buy rating in a research note on Friday, January 12th. KeyCorp cut their price objective on Danaher from $300.00 to $260.00 and set an overweight rating for the company in a research note on Wednesday, October 25th. JPMorgan Chase & Co. boosted their price objective on Danaher from $250.00 to $270.00 and gave the company an overweight rating in a research note on Wednesday, December 20th. Wells Fargo & Company cut their price objective on Danaher from $285.00 to $247.00 and set an overweight rating for the company in a research note on Tuesday, October 3rd. Finally, The Goldman Sachs Group downgraded Danaher from a buy rating to a neutral rating and dropped their price target for the stock from $215.00 to $205.00 in a research note on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $266.00.

Read Our Latest Research Report on Danaher

Danaher Trading Up 0.5 %

Danaher stock opened at $246.34 on Wednesday. The business has a 50-day simple moving average of $228.78 and a two-hundred day simple moving average of $232.02. The company has a market cap of $182.03 billion, a P/E ratio of 38.55, a P/E/G ratio of 4.00 and a beta of 0.85. Danaher has a 52-week low of $182.09 and a 52-week high of $248.78. The company has a quick ratio of 1.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.31.

Danaher (NYSE:DHRGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The conglomerate reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.18. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.10 billion. Danaher had a return on equity of 12.25% and a net margin of 17.26%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 EPS. Analysts predict that Danaher will post 7.66 EPS for the current year.

Danaher Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.96 annualized dividend and a yield of 0.39%. Danaher’s payout ratio is presently 15.02%.

Institutional Trading of Danaher

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc raised its holdings in Danaher by 14.1% during the 2nd quarter. Atria Investments Inc now owns 36,863 shares of the conglomerate’s stock valued at $8,846,000 after buying an additional 4,549 shares during the period. Phraction Management LLC increased its stake in Danaher by 141.2% in the second quarter. Phraction Management LLC now owns 29,578 shares of the conglomerate’s stock worth $7,099,000 after purchasing an additional 17,315 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in Danaher by 0.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,189,703 shares of the conglomerate’s stock worth $285,529,000 after purchasing an additional 8,284 shares during the period. Keybank National Association OH increased its stake in Danaher by 0.5% in the third quarter. Keybank National Association OH now owns 553,155 shares of the conglomerate’s stock worth $137,238,000 after purchasing an additional 2,567 shares during the period. Finally, Stack Financial Management Inc increased its stake in Danaher by 0.8% in the second quarter. Stack Financial Management Inc now owns 77,722 shares of the conglomerate’s stock worth $18,653,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

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; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.

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