Fintel reports that on July 26, 2023, Barclays maintained coverage of Danaher (NYSE:DHR) with a Overweight recommendation.
Analyst Price Forecast Suggests 9.66% Upside
As of July 5, 2023, the average one-year price target for Danaher is 280.40. The forecasts range from a low of 222.20 to a high of $341.25. The average price target represents an increase of 9.66% from its latest reported closing price of 255.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Danaher is 31,052MM, an increase of 2.29%. The projected annual non-GAAP EPS is 10.54.
Danaher Declares $0.27 Dividend
On May 9, 2023 the company declared a regular quarterly dividend of $0.27 per share ($1.08 annualized). Shareholders of record as of June 30, 2023 will receive the payment on July 28, 2023. Previously, the company paid $0.27 per share.
At the current share price of $255.70 / share, the stock's dividend yield is 0.42%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.42%, the lowest has been 0.26%, and the highest has been 0.67%. The standard deviation of yields is 0.10 (n=236).
The current dividend yield is 0.04 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.13. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.50%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3513 funds or institutions reporting positions in Danaher. This is a decrease of 5 owner(s) or 0.14% in the last quarter. Average portfolio weight of all funds dedicated to DHR is 0.74%, a decrease of 3.21%. Total shares owned by institutions decreased in the last three months by 1.60% to 648,174K shares. 
The put/call ratio of DHR is 0.75, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 20,301K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 19,916K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in DHR by 10.62% over the last quarter.
Wellington Management Group Llp holds 19,645K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 20,079K shares, representing a decrease of 2.21%. The firm decreased its portfolio allocation in DHR by 8.18% over the last quarter.
Price T Rowe Associates holds 16,053K shares representing 2.18% ownership of the company. In it's prior filing, the firm reported owning 18,368K shares, representing a decrease of 14.42%. The firm decreased its portfolio allocation in DHR by 22.77% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 15,295K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 15,146K shares, representing an increase of 0.98%. The firm decreased its portfolio allocation in DHR by 11.07% over the last quarter.
Geode Capital Management holds 12,901K shares representing 1.75% ownership of the company. In it's prior filing, the firm reported owning 12,775K shares, representing an increase of 0.98%. The firm decreased its portfolio allocation in DHR by 11.31% over the last quarter.
Danaher Background Information
(This description is provided by the company.)
Danaher Corporation is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danahers globally diverse team of approximately 69,000 associates is united by a common culture and operating system, the Danaher Business System, and its Shared Purpose, Helping Realize Lifes Potential.
Additional reading:
- Subsidiary guarantors and issuers of guaranteed securities and affiliates whose securities collateralize securities of the Registrant
- DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS ($ and shares in millions, except per share amounts) Three-Month Period Ended Six-Month Period Ended June 30, 2023 July 1, 2022 June 30, 2023 July 1, 2022 Sales $ 7,15
- Certificate of Elimination relating to Preferred Stock, filed with the Secretary of State of the State of Delaware on May 09, 2023 (incorporated by reference from Exhibit 3.1 to Danaher Corporation’s Current Report on Form 8-K filed May 11, 2023)
- Danaher Corporation Excess Contribution Program, a sub-plan under the 2007 Omnibus Incentive Plan, as amended and restated
- Amended and Restated Danaher Corporation Deferred Compensation Plan
This story originally appeared on Fintel.
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