Danaher Corporation (DHR) Set to Announce Earnings on Tuesday

Danaher Corporation (DHR) Set to Announce Earnings on Tuesday

Danaher Corporation (NYSE:DHR) is scheduled to be issuing its Q416 quarterly earnings data on Tuesday, January 31st. Analysts expect the company to announce earnings of $1.03 per share and revenue of $4.54 billion for the quarter.

Shares of Danaher Corporation (NYSE:DHR) opened at 80.96 on Monday. The stock has a 50 day moving average of $79.67 and a 200 day moving average of $79.29. Danaher Corporation has a 1-year low of $62.82 and a 1-year high of $82.64. The stock has a market cap of $56.00 billion, a PE ratio of 22.65 and a beta of 1.03.

The company also recently announced a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Friday, December 30th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, December 28th. Danaher Corporation’s dividend payout ratio (DPR) is presently 13.97%.

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new position in shares of Danaher Corporation during the second quarter worth $88,276,000. IronBridge Capital Management LP boosted its position in shares of Danaher Corporation by 2.1% in the second quarter. IronBridge Capital Management LP now owns 8,166 shares of the company’s stock worth $825,000 after buying an additional 170 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Danaher Corporation by 32.6% in the second quarter. Mycio Wealth Partners LLC now owns 1,612 shares of the company’s stock worth $163,000 after buying an additional 396 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Danaher Corporation by 1.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 96,612 shares of the company’s stock worth $7,396,000 after buying an additional 1,000 shares during the period. Finally, Advisor Partners LLC boosted its position in shares of Danaher Corporation by 1.0% in the second quarter. Advisor Partners LLC now owns 10,149 shares of the company’s stock worth $1,025,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.

DHR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Danaher Corporation from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, October 19th. Evercore ISI restated a “buy” rating and issued a $89.00 target price on shares of Danaher Corporation in a research note on Wednesday, October 12th. J P Morgan Chase & Co restated a “buy” rating and issued a $90.00 target price on shares of Danaher Corporation in a research note on Thursday, October 6th. Vetr cut shares of Danaher Corporation from a “strong-buy” rating to a “buy” rating and set a $89.84 price objective for the company. in a research note on Thursday, January 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $88.00 price objective on shares of Danaher Corporation in a research note on Wednesday, January 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $92.28.

Danaher Corporation Company Profile

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.

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