What’s Propelling Danaher Corporation to Increase So Much?

 What's Propelling Danaher Corporation to Increase So Much?

In today’s session Danaher Corporation (DHR) registered an unusually high (231) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DHR increase. With 231 contracts traded and 12924 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DHR161118C00080000 closed last at: $0.5 or 16.7% down. About 569,364 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 5.85% since April 1, 2016 and is uptrending. It has outperformed by 4.63% the S&P500.

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 27.40% above today’s ($76.98) stock price. 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 Wednesday, September 7. The stock of Danaher Corporation (NYSE:DHR) has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, January 21 by Citigroup. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 1. Barclays Capital maintained Danaher Corporation (NYSE:DHR) on Monday, April 18 with “Overweight” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, July 28 report. Argus Research maintained the stock with “Buy” rating in Monday, October 26 report. The rating was downgraded by Goldman Sachs on Tuesday, December 8 to “Neutral”. The firm has “Neutral” rating by Citigroup given on Monday, June 13. The firm earned “Market Perform” rating on Monday, April 4 by Bernstein.

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 increased, 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.
Fdx Advsr reported 32,250 shares or 0.15% of all its holdings. Tortoise Advsr Ltd Liability Com last reported 0% of its portfolio in the stock. Verition Fund Mngmt Llc, a Connecticut-based fund reported 2,075 shares. Curbstone Fincl Corporation has invested 0.15% of its portfolio in Danaher Corporation (NYSE:DHR). Com Of Toledo Na Oh has 36,133 shares for 1.05% of their US portfolio. Bahl Gaynor has invested 0.01% of its portfolio in Danaher Corporation (NYSE:DHR). Pekin Singer Strauss Asset Mgmt Il accumulated 5,520 shares or 0.12% of the stock. Btr Mngmt Inc accumulated 0.05% or 2,023 shares. Bridgewater Assocs Ltd Partnership owns 21,885 shares or 0.03% of their US portfolio. Cetera Ltd Liability Company holds 3,505 shares or 0.03% of its portfolio. Moreover, Raymond James & Associate has 0.07% invested in Danaher Corporation (NYSE:DHR) for 235,608 shares. Profit Invest Mgmt Ltd Liability Co owns 16,461 shares or 1.35% of their US portfolio. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv last reported 0.3% of its portfolio in the stock. Gulf Int Financial Bank (Uk) Limited reported 185,612 shares or 0.32% of all its holdings. Bbva Compass Bancshares Inc accumulated 17,230 shares or 0.13% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 4 selling transactions for $15.24 million net activity. Another trade for 96,446 shares valued at $7.80M was sold by COMAS DANIEL L. Joyce Thomas Patrick JR sold $2.88 million worth of stock. $820,461 worth of Danaher Corporation (NYSE:DHR) was sold by Lalor Angela S on Thursday, May 12.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $52.02 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 25.14 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. Prnewswire.com‘s article titled: “Danaher Reports Third Quarter 2016 Results” and published on October 20, 2016 is yet another important article.

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