Traders See Bearish Options Activity Danaher Corporation

 Traders See Bearish Options Activity Danaher Corporation

In today’s session Danaher Corporation (DHR) recorded an unusually high (1,062) 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 1,062 contracts traded and 264 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DHR161118P00075000 closed last at: $1.5 or 7.1% up. About 158,359 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 10.43% since March 16, 2016 and is uptrending. It has outperformed by 4.89% 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 $570.45 million for 23.33 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. $120 is the highest target while $83 is the lowest. The $98.07 average target is 28.15% above today’s ($76.53) stock price. Danaher Corporation has been the topic of 40 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Danaher Corporation (NYSE:DHR) rating on Monday, April 18. Barclays Capital has “Overweight” rating and $104 price target. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Barclays Capital on Monday, October 5. The firm has “Outperform” rating given on Wednesday, September 30 by Leerink Swann. On Wednesday, September 9 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained Danaher Corporation (NYSE:DHR) on Wednesday, January 27 with “Sector Perform” rating. RBC Capital Markets maintained Danaher Corporation (NYSE:DHR) on Friday, October 23 with “Sector Perform” rating. The stock of Danaher Corporation (NYSE:DHR) has “Sector Perform” rating given on Friday, May 27 by RBC Capital Markets. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Citigroup on Tuesday, April 19. The rating was initiated by Citigroup on Thursday, January 21 with “Neutral”. As per Tuesday, July 28, the company rating was maintained by Argus Research.

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.
The Florida-based Lba Wealth Ltd Liability has invested 0.55% in Danaher Corporation (NYSE:DHR). Headinvest Ltd Liability Corporation accumulated 2.61% or 68,404 shares. Rhumbline Advisers accumulated 0.31% or 1.02 million shares. Profit Inv Management has 16,461 shares for 1.35% of their US portfolio. Moreover, Cambridge Advisors Incorporated has 0.96% invested in Danaher Corporation (NYSE:DHR) for 20,776 shares. National Asset last reported 2,600 shares in the company. Moreover, National Bank Of The Ozarks has 0.18% invested in Danaher Corporation (NYSE:DHR) for 4,990 shares. Qci Asset Mngmt Ny last reported 0% of its portfolio in the stock. Farmers Tru accumulated 0.26% or 7,830 shares. The Delaware-based Lau Assoc Ltd Limited Liability Company has invested 1.22% in Danaher Corporation (NYSE:DHR). Lourd Cap Limited Company has 0.14% invested in the company for 4,786 shares. Patten Gru Inc owns 1,332 shares or 0% of their US portfolio. Financial Inc, a Texas-based fund reported 37 shares. Riverpoint Management Limited Liability accumulated 0.08% or 8,656 shares. Btim Corp has 8,295 shares for 0.01% of their US portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 4 selling transactions for $18.07 million net activity. DANIEL WILLIAM K also sold $3.95 million worth of Danaher Corporation (NYSE:DHR) on Friday, April 22. COMAS DANIEL L had sold 96,446 shares worth $7.80M on Wednesday, July 27. 24,300 shares with value of $2.33M were sold by Raskas Daniel on Friday, April 22. $5.71 million worth of shares were sold by LICO JAMES A on Wednesday, April 27. The insider King William sold $577,860. $820,461 worth of Danaher Corporation (NYSE:DHR) shares were sold by Lalor Angela S. The insider Joyce Thomas Patrick JR sold 14,630 shares worth $1.40M.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $53.24 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 19.49 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 news for Danaher Corporation (NYSE:DHR) were recently published by: Businesswire.com, which released: “Phenomenex to be Acquired by Danaher Corporation” on October 12, 2016. Seekingalpha.com‘s article titled: “Danaher: A Solid Blue Chip Stock For Value Investors” and published on September 26, 2016 is yet another important article.

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