Price Action Report: Time to Buy Danaher Corporation After Today’s Huge Increase?

Price Action Report: Time to Buy Danaher Corporation After Today's Huge Increase?

The stock of Danaher Corporation (NYSE:DHR) is a huge mover today! About 814,559 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 13.82% since March 9, 2016 and is uptrending. It has outperformed by 6.40% the S&P500.
The move comes after 6 months positive chart setup for the $51.91B company. It was reported on Oct, 12 by We have $127.08 PT which if reached, will make NYSE:DHR worth $33.74B more.

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 $552.66M for 23.48 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. The firm has “Sector Perform” rating given on Friday, May 27 by RBC Capital Markets. Citigroup maintained it with “Neutral” rating and $104 target price in Monday, June 13 report. The firm has “Sector Perform” rating given on Wednesday, September 9 by RBC Capital Markets. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Citigroup on Thursday, January 21. Goldman Sachs downgraded Danaher Corporation (NYSE:DHR) on Tuesday, December 8 to “Neutral” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. The rating was maintained by Barclays Capital with “Overweight” on Monday, July 11. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Danaher Corporation (NYSE:DHR) earned “Market Perform” rating by Bernstein on Monday, April 4. The rating was maintained by Barclays Capital on Friday, October 23 with “Overweight”.

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 Q2 2016. 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.
Lourd Cap Ltd Company accumulated 0.14% or 4,786 shares. Choate Advsrs has invested 0% of its portfolio in Danaher Corporation (NYSE:DHR). Clearbridge Investments Limited Liability Corp has 0% invested in the company for 18,096 shares. Verition Fund Mngmt Llc has 0.03% invested in the company for 2,075 shares. Fincl Bank Of Nova Scotia last reported 0.16% of its portfolio in the stock. Sumitomo Life Insurance holds 0.39% or 27,846 shares in its portfolio. Mirador Partners Lp, a California-based fund reported 12,549 shares. Trust Communication Of Vermont accumulated 26,815 shares or 0.36% of the stock. The Virginia-based Wilbanks Smith Thomas Asset Mgmt Limited Liability has invested 0.17% in Danaher Corporation (NYSE:DHR). Moreover, Amer Intl Grp Inc has 0% invested in Danaher Corporation (NYSE:DHR) for 284,109 shares. Plante Moran Financial Advsr last reported 2,029 shares in the company. Pictet Asset Management Limited last reported 2.19 million shares in the company. Sentinel Asset, a Vermont-based fund reported 52,000 shares. The Japan-based Meiji Yasuda Life Insur has invested 0.33% in Danaher Corporation (NYSE:DHR). Old Mutual Investors (Uk) holds 0.06% or 31,633 shares in its portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 9 insider sales for $34.88 million net activity. Joyce Thomas Patrick JR sold $1.40 million worth of Danaher Corporation (NYSE:DHR) on Friday, April 22. The insider Lalor Angela S sold 8,392 shares worth $820,461. Another trade for 58,954 shares valued at $5.71M was made by LICO JAMES A on Wednesday, April 27. Raskas Daniel also sold $2.33 million worth of Danaher Corporation (NYSE:DHR) shares. Another trade for 96,446 shares valued at $7.80M was made by COMAS DANIEL L on Wednesday, July 27. $577,860 worth of shares were sold by King William on Friday, April 22. $3.95 million worth of Danaher Corporation (NYSE:DHR) was sold by DANIEL WILLIAM K on Friday, April 22.

More recent Danaher Corporation (NYSE:DHR) news were published by: which released: “Phenomenex to be Acquired by Danaher Corporation” on October 12, 2016. Also published the news titled: “Danaher Announces Quarterly Dividend” on September 13, 2016.‘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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