Time to Sell Danaher Corporation After Today’s Option Traders Bearish Bets?


 Time to Sell Danaher Corporation After Today's Option Traders Bearish Bets?

In today’s session Danaher Corporation (DHR) recorded an unusually high (949) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DHR decrease. With 949 contracts traded and 1744 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DHR161118P00077500 closed last at: $2.55 or 59.4% up. About 416,368 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 13.52% since March 10, 2016 and is uptrending. It has outperformed by 6.00% the S&P500.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on October, 27. They expect $0.82 EPS, down 21.90% or $0.23 from last year’s $1.05 per share. DHR’s profit will be $569.53M for 23.18 P/E if the $0.82 EPS becomes a reality. After $1.25 actual EPS reported by Danaher Corporation for the previous quarter, Wall Street now forecasts -34.40% negative EPS growth.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Out of 12 analysts covering Danaher Corporation (NYSE:DHR), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Danaher Corporation has been the topic of 40 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Barclays Capital on Monday, April 18. The firm has “Overweight” rating by Barclays Capital given on Monday, July 11. Sterne Agee CRT initiated the stock with “Neutral” rating in Wednesday, September 9 report. The firm has “Neutral” rating given on Tuesday, April 19 by Citigroup. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 5 report. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Morgan Stanley on Tuesday, July 28. Citigroup initiated the shares of DHR in a report on Thursday, January 21 with “Neutral” rating. As per Tuesday, December 8, the company rating was downgraded by Goldman Sachs. The rating was maintained by Argus Research with “Buy” on Monday, October 26. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Barclays Capital on Wednesday, September 7.

According to Zacks Investment Research, “Danaher Corporation conducts its operations through two business segments: Process/Environmental Controls and Tools and Components. The Process/Environmental Controls segment produces and sells a range of products including compact, professional electronic test tools, quality assurance products and systems, and power protection products. The Tools and Components segment is a worldwide producer and distributor of general purpose mechanics’ hand tools and automotive specialty tools.”

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.06, from 0.99 in 2016Q1. The ratio is positive, as 43 funds sold all Danaher Corporation shares owned while 373 reduced positions. 87 funds bought stakes while 351 increased positions. They now own 512.05 million shares or 3.37% less from 529.92 million shares in 2016Q1.
Art Lc, a New York-based fund reported 30,819 shares. The Japan-based Nomura Inc has invested 0% in Danaher Corporation (NYSE:DHR). Sawgrass Asset Limited Liability Corp holds 501,224 shares or 2.36% of its portfolio. Korea accumulated 0.2% or 324,665 shares. Focused Wealth Mgmt Incorporated holds 6 shares or 0% of its portfolio. Andra Ap reported 46,700 shares or 0.12% of all its holdings. Bath Savings Trust Co holds 0.44% or 13,923 shares in its portfolio. Stearns Finance Ser Gp last reported 0.07% of its portfolio in the stock. Covington Capital owns 61,825 shares or 0.58% of their US portfolio. Profit Mngmt Ltd Liability Corp holds 16,461 shares or 1.35% of its portfolio. The Pennsylvania-based Baldwin Investment Ltd Liability Corporation has invested 0.9% in Danaher Corporation (NYSE:DHR). Dillon And Associates has 27,082 shares for 1.26% of their US portfolio. Vollero Beach Cap Prtn Ltd Limited Liability Company has 1.79% invested in the company for 77,833 shares. Geode Mngmt Ltd Liability has invested 0.27% of its portfolio in Danaher Corporation (NYSE:DHR). The Michigan-based Sigma Invest Counselors Incorporated has invested 0.7% in Danaher Corporation (NYSE:DHR).

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 9 sales for $34.88 million net activity. King William had sold 6,000 shares worth $577,860 on Friday, April 22. Joyce Thomas Patrick JR had sold 45,897 shares worth $3.74 million. The insider COMAS DANIEL L sold 96,446 shares worth $7.80M. $3.95 million worth of Danaher Corporation (NYSE:DHR) shares were sold by DANIEL WILLIAM K. Lalor Angela S sold $820,461 worth of Danaher Corporation (NYSE:DHR) on Thursday, May 12. 24,300 shares with value of $2.33 million were sold by Raskas Daniel on Friday, April 22. $5.71 million worth of Danaher Corporation (NYSE:DHR) shares were sold by LICO JAMES A.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $52.80 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 19.36 P/E ratio. The Company’s Test & Measurement segment offers products, software and services.

DHR Company Profile

Danaher Corporation (Danaher), incorporated on October 3, 1986, is a global science and technology company. The Company’s research and development, manufacturing, sales, distribution, service and administrative facilities are located in approximately 50 countries. The Company’s divisions include Environmental; Life Sciences & Diagnostics, and Dental. The Company’s product identification business develops and makes equipment, consumables and software for various printing, marking, coding, design and color management applications on consumer and industrial products. The Company’s product identification products are marketed under the ESKO, FOBA, LINX, PANTONE, VIDEOJET and X-RITE brands. The Company’s manufacturing facilities are located in North America, Europe, South America and Asia.

More important recent Danaher Corporation (NYSE:DHR) news were published by: Businesswire.com which released: “Phenomenex to be Acquired by Danaher Corporation” on October 12, 2016, also Investorplace.com published article titled: “Why Barracuda Networks Inc (CUDA), Blackhawk Network Holdings Inc (HAWK) and …”, Prnewswire.com published: “Danaher Announces Quarterly Dividend” on September 13, 2016. More interesting news about Danaher Corporation (NYSE:DHR) was released by: Seekingalpha.com and their article: “Danaher: A Solid Blue Chip Stock For Value Investors” with publication date: September 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply