Equities researchers at StockNews.com began coverage on shares of Danaher (NYSE:DHR – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the conglomerate’s stock.
Several other equities research analysts have also commented on the company. Credit Suisse Group lowered Danaher from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $315.00 to $300.00 in a research note on Thursday, January 5th. Cowen dropped their price target on Danaher from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Danaher in a research note on Tuesday, December 13th. They issued a “buy” rating and a $310.00 target price for the company. Barclays increased their target price on Danaher from $277.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, January 24th. Finally, Robert W. Baird lowered their target price on Danaher from $321.00 to $309.00 in a research note on Wednesday, January 25th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $310.29.
Danaher Stock Performance
NYSE DHR opened at $242.11 on Thursday. The company has a market capitalization of $176.40 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.97 and a beta of 0.80. The company has a current ratio of 1.89, a quick ratio of 1.52 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $258.79 and its 200 day moving average price is $262.73. Danaher has a twelve month low of $233.71 and a twelve month high of $303.82.
Insider Activity at Danaher
In related news, Director Raymond C. Stevens sold 8,410 shares of the stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $264.27, for a total value of $2,222,510.70. Following the completion of the transaction, the director now owns 8,394 shares of the company’s stock, valued at $2,218,282.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Freedom Wealth Alliance LLC bought a new position in Danaher during the 4th quarter worth approximately $27,000. Chelsea Counsel Co. bought a new position in Danaher during the 4th quarter worth approximately $27,000. My Personal CFO LLC bought a new stake in shares of Danaher in the 4th quarter worth approximately $29,000. Private Ocean LLC lifted its holdings in shares of Danaher by 1,485.7% in the 4th quarter. Private Ocean LLC now owns 111 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Danaher by 5,850.0% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 119 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 77.26% of the company’s stock.
Danaher Corp. engages in the design, manufacture, and marketing of professional, medical, industrial, and commercial products and services. It operates through the following segments: Biotechnology, Life Sciences, Diagnostics, and Environmental and Applied Solutions. The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a range of tools, consumables, and services.
- Get a free copy of the StockNews.com research report on Danaher (DHR)
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