Time to Buy Danaher Corporation After Today’s Option Traders Bet?

 Time to Buy Danaher Corporation After Today's Option Traders Bet?

In today’s session Danaher Corporation (DHR) registered an unusually high (854) 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 854 contracts traded and 12664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DHR161118C00080000 closed last at: $1.55 or 24% up. About 212,072 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 14.21% since April 12, 2016 and is uptrending. It has outperformed by 9.22% the S&P500.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Out of 13 analysts covering Danaher Corporation (NYSE:DHR), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $120 is the highest target while $83 is the lowest. The $98.07 average target is 21.51% above today’s ($80.71) stock price. Danaher Corporation has been the topic of 41 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Monday, June 13 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, September 9. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Argus Research on Tuesday, July 28. The company was maintained on Friday, September 4 by Credit Suisse. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Citigroup on Wednesday, July 27. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. The stock of Danaher Corporation (NYSE:DHR) earned “Sector Perform” rating by RBC Capital Markets on Friday, May 27. The company was maintained on Wednesday, January 27 by RBC Capital Markets. Sterne Agee CRT maintained it with “Neutral” rating and $97 target price in Monday, April 25 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 1 report.

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.
Green Valley Invsts Limited Liability Company has 2.17M shares for 6.7% of their US portfolio. The New York-based Cramer Rosenthal Mcglynn Limited Liability has invested 1.24% in Danaher Corporation (NYSE:DHR). Liberty Mutual Group Incorporated Asset Mngmt reported 42,279 shares or 0.16% of all its holdings. Blackrock owns 5.64 million shares or 0.3% of their US portfolio. Kcm Investment Advsr Ltd reported 52,478 shares or 0.37% of all its holdings. Central Bank owns 36,826 shares or 1.07% of their US portfolio. Adirondack last reported 3,771 shares in the company. Mirador Cap Ltd Partnership accumulated 12,549 shares or 1.02% of the stock. Brown Advisory Inc reported 6.60M shares or 2.34% of all its holdings. Int Ca last reported 68,600 shares in the company. Regal Investment Advsr Lc reported 2,719 shares or 0.08% of all its holdings. Savant Cap Limited Liability Corp last reported 4,504 shares in the company. Atria Invs Limited accumulated 0.27% or 30,797 shares. The New York-based Gerstein Fisher has invested 0.04% in Danaher Corporation (NYSE:DHR). Essex Service Incorporated accumulated 5,012 shares or 0.12% of the stock.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 3 insider sales for $14.42 million net activity. $2.88 million worth of Danaher Corporation (NYSE:DHR) was sold by Joyce Thomas Patrick JR. COMAS DANIEL L sold $7.80 million worth of Danaher Corporation (NYSE:DHR) on Wednesday, July 27.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $56.31 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 26.36 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.

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