Danaher Corporation (NYSE:DHR) Plans $0.40 Quarterly Dividend

Danaher Corporation (NYSE:DHR) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, June 26th will be paid a dividend of 0.40 per share by the conglomerate on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th.

Danaher has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Danaher has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Danaher to earn $9.11 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 17.6%.

Danaher Stock Down 1.1%

DHR stock opened at $172.66 on Wednesday. The stock’s fifty day simple moving average is $192.65 and its two-hundred day simple moving average is $213.03. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. Danaher has a 1-year low of $172.34 and a 1-year high of $242.80. The stock has a market cap of $122.20 billion, a P/E ratio of 33.29, a P/E/G ratio of 2.33 and a beta of 0.81.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. Analysts expect that Danaher will post 8.43 EPS for the current year.

Wall Street Analysts Forecast Growth

DHR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research report on Thursday, January 29th. UBS Group reduced their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Leerink Partners upped their price objective on Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group reduced their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average price target of $240.70.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.