News stories about Danaher Corporation (NYSE:DHR) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Danaher Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.7613624487852 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Danaher Corporation (NYSE:DHR) traded down 1.41% during trading on Tuesday, hitting $86.87. The stock had a trading volume of 3,143,822 shares. The firm has a market cap of $60.35 billion, a price-to-earnings ratio of 27.73 and a beta of 1.03. Danaher Corporation has a 52-week low of $75.71 and a 52-week high of $88.62. The firm’s 50-day moving average is $82.99 and its 200 day moving average is $84.20.
Danaher Corporation (NYSE:DHR) last posted its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Danaher Corporation will post $3.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. Danaher Corporation’s dividend payout ratio is presently 17.83%.
A number of analysts have issued reports on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of Danaher Corporation in a research note on Friday, September 8th. Janney Montgomery Scott downgraded Danaher Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. BidaskClub raised Danaher Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Danaher Corporation in a research note on Wednesday, June 21st. Finally, Zacks Investment Research downgraded Danaher Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Danaher Corporation has a consensus rating of “Buy” and an average price target of $92.72.
In related news, insider William King sold 7,458 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $82.97, for a total value of $618,790.26. Following the completion of the transaction, the insider now directly owns 18,245 shares in the company, valued at $1,513,787.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda P. Hefner sold 10,578 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $83.03, for a total value of $878,291.34. Following the completion of the transaction, the director now owns 42,151 shares of the company’s stock, valued at $3,499,797.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,496 shares of company stock valued at $5,916,223. Insiders own 12.20% of the company’s stock.
About Danaher Corporation
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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