Danaher Corporation (DHR) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 99 from a previous price target of $96 . RBC Capital Mkts advised their investors in a research report released on May 27, 2016.
Many Wall Street Analysts have commented on Danaher Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 96 from a previous price target of $87 .Company shares were Reiterated by Stifel on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $109 .Company shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 105 from a previous price target of $104 .
On the company’s financial health, Danaher Corporation reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.03. The company had revenue of $5387.20 million for the quarter, compared to analysts expectations of $5329.83 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Danaher Corporation closed down -0.31 points or -0.31% at $99.66 with 20,71,882 shares getting traded on Wednesday. Post opening the session at $99.89, the shares hit an intraday low of $99.57 and an intraday high of $100.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Investors should note that on May 10, 2016, Danaher Corporation announced a cash dividend of $0.1600. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jul 29, 2016.
In a different news, on May 13, 2016, Angela S Lalor (SVP, Human Resources) sold 8,392 shares at $97.77 per share price. According to the SEC, on May 9, 2016, John T Schwieters (director) sold 2,500 shares at $97.05 per share price. On Apr 29, 2016, James A Lico (Executive Vice President) sold 58,954 shares at $96.86 per share price, according to the Form-4 filing with the securities and exchange commission.
Danaher Corporation (Danaher) designs manufactures and markets professional medical industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental and Industrial Technologies. The Test & Measurement segment offers test measurement and monitoring products. The Environmental segment products and services help protect the global water supply facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments reagents consumables software and services. The Dental segment provides products that are used to diagnose treat and prevent disease and ailments of the teeth gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply improve packaging design and quality verify pharmaceutical dosages and authenticity and power innovative machines.