Notable Runner: What’s in Danaher Corporation After Making Yearly Low?

Notable Runner: What's in Danaher Corporation After Making Yearly Low?

The stock of Danaher Corporation (NYSE:DHR) hit a new 52-week low and has $70.07 target or 8.00% below today’s $76.16 share price. The 6 months bearish chart indicates high risk for the $52.56B company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $70.07 price target is reached, the company will be worth $4.20 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 474,362 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 9.81% since March 14, 2016 and is uptrending. It has outperformed by 4.20% 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 $565.90 million for 23.22 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. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Monday, July 11 by Barclays Capital. Goldman Sachs downgraded it to “Neutral” rating and $103 target price in Tuesday, December 8 report. The firm earned “Sector Perform” rating on Wednesday, September 9 by RBC Capital Markets. The firm has “Market Perform” rating by Bernstein given on Monday, April 4. The firm earned “Buy” rating on Tuesday, July 28 by Argus Research. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 27. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Sterne Agee CRT on Wednesday, September 9. The stock has “Buy” rating given by Argus Research on Monday, October 26. The stock has “Neutral” rating given by Citigroup on Monday, June 13.

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.
Northeast Investment holds 1.65% of its portfolio in Danaher Corporation (NYSE:DHR) for 162,351 shares. Brown Advisory Inc has 2.34% invested in the company for 6.60M shares. Ontario Teachers Pension Plan Board reported 483,014 shares or 0.54% of all its holdings. Carret Asset Mngmt Ltd Limited Liability Company last reported 0.05% of its portfolio in the stock. Tower Rech Ltd Liability (Trc) accumulated 0.02% or 2,325 shares. Arizona State Retirement holds 0.23% of its portfolio in Danaher Corporation (NYSE:DHR) for 165,168 shares. Hamilton Point Invest Advsr Limited Liability Corp owns 36,208 shares or 2.39% of their US portfolio. Cypress Cap Gp has 0.11% invested in the company for 4,765 shares. South Street Advsrs Ltd Liability Corporation has 2,000 shares for 0.06% of their US portfolio. The California-based Eqis Capital Mgmt has invested 0.02% in Danaher Corporation (NYSE:DHR). The New York-based Neuberger Berman Group Ltd Liability Com has invested 0.56% in Danaher Corporation (NYSE:DHR). Sei Invs accumulated 0.2% or 325,506 shares. Nikko Asset Mgmt Americas Incorporated last reported 3,200 shares in the company. Baldwin Invest Mgmt Limited Liability Com has invested 0.9% of its portfolio in Danaher Corporation (NYSE:DHR). Cramer Rosenthal Mcglynn Lc accumulated 1.24% or 761,121 shares.

Insider Transactions: Since April 22, 2016, the stock had 0 insider buys, and 9 insider sales for $34.88 million net activity. LICO JAMES A sold $5.71 million worth of Danaher Corporation (NYSE:DHR) on Wednesday, April 27. 24,300 Danaher Corporation (NYSE:DHR) shares with value of $2.33M were sold by Raskas Daniel. 6,000 shares with value of $577,860 were sold by King William on Friday, April 22. Shares for $3.74 million were sold by Joyce Thomas Patrick JR on Saturday, July 30. DANIEL WILLIAM K also sold $3.95 million worth of Danaher Corporation (NYSE:DHR) shares. $8.55 million worth of Danaher Corporation (NYSE:DHR) shares were sold by COMAS DANIEL L. Shares for $820,461 were sold by Lalor Angela S.

More recent Danaher Corporation (NYSE:DHR) news were published by: Finance.Yahoo.com which released: “Phenomenex to be Acquired by Danaher Corporation” on October 12, 2016. Also Investorplace.com published the news titled: “Why Barracuda Networks Inc (CUDA), Blackhawk Network Holdings Inc (HAWK) and …” on October 12, 2016. Seekingalpha.com‘s news article titled: “Danaher: A Solid Blue Chip Stock For Value Investors” with publication date: September 26, 2016 was also an interesting one.

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.

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