December 15th, 2015

Company Update: Danaher Corporation (NYSE:DHR) – Danaher Declares Pro Rata Dividend Of Fortive Common Stock And Announces Expected "When-Issued" Trading Of Fortive Common Stock

[PR Newswire] – WASHINGTON, June 1, 2016 /PRNewswire/ — Danaher Corporation (DHR) today announced that the Danaher Board of Directors has declared a pro rata dividend of all of the common stock of Fortive Corporation to Danaher stockholders of record as of the close of business on June 15, 2016 (the “Record Date”). The dividend is payable on July 2, 2016 (“Distribution Date”) in connection with the previously announced separation of Danaher’s existing Test & Measurement segment, Industrial Technologies segment (excluding the Product Identification platform) and Retail/Commercial Petroleum platform through the planned spin-off of Fortive. As a result of the dividend, Danaher stockholders will receive one share of Fortive common stock for every two shares of Danaher common stock they hold on the Record Date. Read more on this. Danaher Corp. (DHR) , with a current market cap of $67.93B, opened this morning at $97.77. Today’s price range has been between $97.68 and $98.90 per share with a one year range of $81.25 to $100.50. DHR shares are currently priced at 20.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.59x earnings multiple for the same period. The company pays shareholders $0.64 per share in dividend income per year, for a current yield of 0.65%. According to a consensus of 17 analysts, the earnings estimate of $1.21 per share would be $0.13 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $4.90, which would be a $0.60 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.76 Billion. If reported, that would be a 12.28% increase over the year-ago quarter. More recently, Bernstein downgraded DHR from Outperform to Mkt Perform (Apr 4, 2016). Previously, Sterne Agee CRT Initiated DHR at to Neutral. With the above information in mind, readers should note that the average price target is $103.92, which is 6.29% above where the stock opened this morning. See more in (NYSE:DHR) Similar Articles: Company Update: Danaher Corporation (NYSE:DHR) – Danaher And Fortive To Webcast Investor And Analyst Event Stock Update (NYSE:DHR): Danaher Announces Anticipated Fortive Separation Date Stock Update: Danaher Corporation (NYSE:DHR) – Danaher Announces Quarterly Dividend
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