Danaher Co. (NYSE:DHR) Short Interest Down 6.5% in October

Danaher Co. (NYSE:DHRGet Rating) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,910,000 shares, a decline of 6.5% from the October 15th total of 4,180,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s shares are short sold.

Insider Transactions at Danaher

In other news, Director Alan G. Spoon sold 500 shares of Danaher stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $252.93, for a total transaction of $126,465.00. Following the completion of the sale, the director now owns 107,135 shares in the company, valued at approximately $27,097,655.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Matthew Mcgrew sold 18,935 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $274.72, for a total transaction of $5,201,823.20. Following the completion of the transaction, the chief financial officer now owns 29,634 shares in the company, valued at $8,141,052.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Spoon sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $252.93, for a total transaction of $126,465.00. Following the transaction, the director now owns 107,135 shares of the company’s stock, valued at approximately $27,097,655.55. The disclosure for this sale can be found here. Insiders sold a total of 29,530 shares of company stock worth $8,015,916 in the last quarter. 11.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor OS LLC lifted its holdings in shares of Danaher by 0.6% in the second quarter. Advisor OS LLC now owns 6,253 shares of the conglomerate’s stock worth $1,585,000 after acquiring an additional 37 shares during the last quarter. American National Bank lifted its holdings in shares of Danaher by 31.9% in the third quarter. American National Bank now owns 157 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of Danaher by 9.7% in the third quarter. Stonebridge Capital Advisors LLC now owns 428 shares of the conglomerate’s stock worth $111,000 after acquiring an additional 38 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in Danaher by 3.2% in the 2nd quarter. Strengthening Families & Communities LLC now owns 1,248 shares of the conglomerate’s stock valued at $364,000 after buying an additional 39 shares during the last quarter. Finally, Journey Advisory Group LLC raised its holdings in Danaher by 2.5% in the 2nd quarter. Journey Advisory Group LLC now owns 1,648 shares of the conglomerate’s stock valued at $475,000 after buying an additional 40 shares during the last quarter. Institutional investors own 77.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DHR shares. UBS Group boosted their price objective on shares of Danaher from $297.00 to $323.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Benchmark lowered shares of Danaher from a “buy” rating to a “hold” rating and set a $325.00 price target on the stock. in a research report on Monday, October 24th. Royal Bank of Canada dropped their price target on shares of Danaher from $318.00 to $302.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. Robert W. Baird decreased their price objective on shares of Danaher from $325.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. Finally, StockNews.com initiated coverage on shares of Danaher in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

Danaher Trading Up 0.4 %

Shares of Danaher stock opened at $260.65 on Friday. The company has a market capitalization of $189.74 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 1.38, a current ratio of 1.78 and a debt-to-equity ratio of 0.41. Danaher has a 12-month low of $233.71 and a 12-month high of $331.68. The firm’s 50-day moving average price is $262.24 and its two-hundred day moving average price is $264.33.

Danaher (NYSE:DHRGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The conglomerate reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.17 billion. Danaher had a net margin of 21.65% and a return on equity of 18.33%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.39 earnings per share. On average, analysts forecast that Danaher will post 10.53 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. Danaher’s payout ratio is 11.05%.

About Danaher

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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment provides mass spectrometers; flow cytometry, genomics, lab automation, centrifugation, particle counting and characterization; microscopes; genomics consumables; and Gene and Cell Therapy.

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