Danaher Corporation (NYSE:DHR) announced a quarterly dividend on Tuesday, September 12th, RTT News reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.14 per share by the conglomerate on Friday, October 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%.
Danaher Corporation has increased its dividend by an average of 97.8% annually over the last three years and has increased its dividend every year for the last 3 years. Danaher Corporation has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Danaher Corporation to earn $4.29 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 13.1%.
Danaher Corporation (DHR) traded up 0.23% during mid-day trading on Tuesday, hitting $87.27. 2,155,642 shares of the stock traded hands. The company has a 50-day moving average of $81.84 and a 200 day moving average of $84.12. Danaher Corporation has a 1-year low of $75.71 and a 1-year high of $88.01. The firm has a market capitalization of $60.63 billion, a P/E ratio of 27.86 and a beta of 1.03.
Danaher Corporation (NYSE:DHR) last announced its quarterly earnings results on Thursday, July 20th. The conglomerate reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Danaher Corporation will post $3.95 EPS for the current year.
DHR has been the subject of several recent research reports. Credit Suisse Group reissued a “buy” rating and set a $93.00 price objective on shares of Danaher Corporation in a research report on Wednesday, May 24th. Janney Montgomery Scott lowered Danaher Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered Danaher Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $97.00 price objective on shares of Danaher Corporation in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.72.
In related news, Director Linda P. Hefner sold 10,578 shares of the business’s 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 transaction, the director now directly owns 42,151 shares of the company’s stock, valued at approximately $3,499,797.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William King sold 43,688 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $82.86, for a total value of $3,619,987.68. Following the completion of the transaction, the insider now directly owns 45,748 shares in the company, valued at $3,790,679.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,496 shares of company stock worth $5,916,223. 12.20% of the stock is owned by insiders.
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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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