In today’s session Danaher Corporation (DHR) recorded an unusually high (3,502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious DHR decrease. With 3,502 contracts traded and 21494 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: DHR161216P00075000 closed last at: $0.4 or 11.1% down. The stock increased 0.94% or $0.74 on November 23, hitting $79.16. Danaher Corporation (NYSE:DHR) has risen 8.29% since April 22, 2016 and is uptrending. It has outperformed by 2.88% the S&P500.
Analysts await Danaher Corporation (NYSE:DHR) to report earnings on January, 24. They expect $1.03 earnings per share, down 18.90% or $0.24 from last year’s $1.27 per share. DHR’s profit will be $719.15 million for 19.21 P/E if the $1.03 EPS becomes a reality. After $0.87 actual earnings per share reported by Danaher Corporation for the previous quarter, Wall Street now forecasts 18.39% EPS growth.
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. Danaher Corporation has been the topic of 41 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Danaher Corporation (NYSE:DHR) has “Neutral” rating given on Wednesday, September 9 by Sterne Agee CRT. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, December 8. The rating was upgraded by Cowen & Co on Friday, November 11 to “Outperform”. On Thursday, January 21 the stock rating was initiated by Citigroup with “Neutral”. As per Monday, October 5, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained it with “Sector Perform” rating and $99 target price in Friday, May 27 report. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Monday, April 18 by Barclays Capital. The firm has “Overweight” rating given on Monday, July 11 by Barclays Capital. Leerink Swann initiated Danaher Corporation (NYSE:DHR) on Wednesday, September 30 with “Outperform” rating. Barclays Capital maintained Danaher Corporation (NYSE:DHR) rating on Wednesday, September 7. Barclays Capital has “Overweight” rating and $91 price target.
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 1.31 in Q2 2016. Its up 0.26, from 1.05 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.
Folger Nolan Fleming Douglas Incorporated reported 4,111 shares or 0.07% of all its holdings. Sector Pension Inv Board last reported 113,579 shares in the company. Moreover, Kbc Gp Nv has 0.14% invested in Danaher Corporation (NYSE:DHR) for 127,680 shares. Robeco Institutional Asset Management Bv holds 26,959 shares or 0.02% of its portfolio. Walter & Keenan Finance Consulting Mi Adv reported 8,606 shares or 0.48% of all its holdings. Thompson Davis accumulated 1,284 shares or 0.21% of the stock. Blackrock Institutional Trust Na, a California-based fund reported 15.50 million shares. Private Wealth Partners Limited Com accumulated 76,456 shares or 1.86% of the stock. Moreover, First Mercantile Trust Company has 0.32% invested in Danaher Corporation (NYSE:DHR) for 25,241 shares. Bsw Wealth Ptnrs has invested 0.21% of its portfolio in Danaher Corporation (NYSE:DHR). Rosenbaum Jay D holds 0.04% or 2,745 shares in its portfolio. Stratos Wealth Prns owns 2,510 shares or 0.02% of their US portfolio. Mairs & Pwr, a Minnesota-based fund reported 2,496 shares. Bluefin Trading reported 2,800 shares or 0.03% of all its holdings. Cls Limited Liability Com has invested 0% of its portfolio in Danaher Corporation (NYSE:DHR).
Insider Transactions: Since July 27, 2016, the stock had 0 insider buys, and 3 selling transactions for $14.42 million net activity. Joyce Thomas Patrick JR sold $3.74M worth of stock. On Wednesday, July 27 COMAS DANIEL L sold $7.80M worth of the stock or 96,446 shares.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $55.27 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 25.85 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.
Another recent and important Danaher Corporation (NYSE:DHR) news was published by Prnewswire.com which published an article titled: “Danaher To Webcast Investor And Analyst Meeting” on November 14, 2016.
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