DHR - Danaher Corporation

NYSE - NYSE Delayed Price. Currency in USD
-0.11 (-0.08%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close 131.74
Open 130.75
Bid 0.00 x 900
Ask 0.00 x 1000
Day's Range 130.22 - 131.72
52 Week Range 94.59 - 134.67
Volume 1,631,626
Avg. Volume 3,058,309
Market Cap 94.238B
Beta (3Y Monthly) 0.91
PE Ratio (TTM) 38.86
EPS (TTM) 3.39
Earnings Date Jul 17, 2019 - Jul 22, 2019
Forward Dividend & Yield 0.68 (0.51%)
Ex-Dividend Date 2019-06-27
1y Target Est 141.82
Trade prices are not sourced from all markets
  • PR Newswire 13 hours ago

    Danaher To Present At Bernstein Strategic Decisions Conference

    WASHINGTON , May 23, 2019 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced that President and Chief Executive Officer, Thomas P. Joyce, Jr. , will be presenting at the Bernstein Strategic Decisions ...

  • General Electric Stock Is Full of Peril
    InvestorPlace 17 hours ago

    General Electric Stock Is Full of Peril

    General Electric (NYSE:GE) stock, once among the most boring names in the Dow Jones Industrial Average, is now facing constant danger.Source: Shutterstock It met earnings guidance for the first quarter but its asset sale to Danaher (NYSE:DHR) may be in trouble. Fears over its pension liability may be overblown but it has a grim future.CEO Larry Culp is "the man for the job" but GE Power may take three years to recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGeneral Electric is a great name, and Culp did a fine job at his previous post running Danaher. But this turnaround may be a bridge too far, and do you really want your money tied up in it? Forget the Name General ElectricThere is romance attached to the name General Electric, and over 130 years of history. In analyzing the company, you need to forget the history, or you'll get lost.Let's call this company Culp Industries. * 6 Stocks to Buy for This Decade's Massive Megatrend Culp Industries is a conglomerate with a market cap of $84 billion. It has $107.5 billion in "borrowings," $36.8 billion of insurance liabilities and annuity benefits (from a failed effort in long-term-care insurance), and $32.9 billion in "non-current compensation and benefits" (mainly pensions). This leaves $35.2 billion for "shareholder equity" on the books, up from $31 billion a year ago.Culp Industries consists of several businesses, some of which are doing well and some of which are doing poorly. The Aviation, Healthcare and lending businesses are doing well. The oil and gas business made a little money. The problems are in the power and renewable energy units, which make turbines and related equipment.Culp can't sell the problem children because their value is negative. Closing them would take out $7 billion in revenue and do nothing to reduce those liabilities. The Danaher deal trims the size of the healthcare unit but brings in about $21 billion. Apply that $20 billion to the balance sheet and it takes just one-fifth of the debt. Questions for GE StockIt's the power unit that's taking the whole company down. Respected JPMorgan Chase analyst Stephen Tusa says Culp "appears to be stopping short of telling the whole story" about the unit, which is losing market share. Cash flow for the unit is now seen as "significantly negative." There are more negative data points. General Electric continues to lay off workers, quietly moving jobs to India. The healthcare unit's activities in Brazil could draw fines under the Foreign Corrupt Practices Act.Culp is doing everything he can, short of changing his company's name to Culp Industries, to make investors forget about the old General Electric. He's turning over the board and has dumped plans to build a glorious new headquarters in Boston. Instead, the company will rent space.I can't imagine anyone doing a better job with the hand he has been dealt than Larry Culp. He has moved decisively to reduce cash flow drain, focused on operations that are making money, and created a new attitude for GE stock.If the oil and gas unit, Baker Hughes (NYSE:BHGE), has a winner in its "electric fracking" equipment, more good news could be on the way. BHGE stock is doing better than rivals Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL), but its value is still down by more than one-third in the last year. The Bottom LineI wouldn't buy Culp Industries here. There are green shoots, the CEO is doing what he can, but an economic downturn could sink the company's big plans at any time -- even at $10 per share.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post General Electric Stock Is Full of Peril appeared first on InvestorPlace.

  • Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid
    InvestorPlace 19 hours ago

    Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid

    GE (NYSE:GE) stock held steady following a question and answer session at the Electrical Products Group Conference. Though troubles remain for the Boston-based industrial conglomerate, investors and analysts have begun to believe in the turnaround plan put forth by CEO Larry Culp. GE stock still trades in a range.Source: Shutterstock Also, it did not move significantly even though Culp reaffirmed negative cash flow forecasts for 2019. Nonetheless, if his plan continues to reduce debts, spin off non-core operations, and turn profits, General Electric stock will break much higher in the coming quarters and years.Culp confirmed that the company expected negative free cash flow of $2 billion in this fiscal year. However, he also expects this outflow to end in 2020 and sees a cash flow "acceleration" in 2021. GE's latest earnings report and now this newest affirmation seemed to quiet many of the doubters who had all but left the company for dead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend In previous articles about GE stock, I repeatedly complained about what I called a "constant drip" of new issues. The seemingly endless litany of bad news led GE's board to fire John Flannery in favor of Culp, the former CEO of Danaher (NYSE:DHR), last October. GE Really Might RecoverNow, just seven months into Culp's tenure, the litany of new troubles appears to have come to a stop. Instead, we see signs of an emerging recovery. GE beat both revenue and earnings estimates in the previous quarter.Also, investors remain concerned about GE Power, but they also saw early signs of improvement. Though sales volumes continue to fall, they have declined by lower rates. The division has also seen a turnaround in the value of its orders.Moreover, the long-term debt I mentioned more than three months ago has come down by more than $5 billion in just one quarter. It now stands at $91.57 billion, slightly higher than its market cap of just over $87.5 billion. Short-term debt rose by almost $2.9 billion in the same period. However, both long and short-term debt levels have fallen on a year-over-year basis. GE Has Far to GoTo be sure, GE is not out of the woods yet. On top of the negative free cash flow, the length of the current economic growth cycle far exceeds long-term averages. Though few predict a looming recession, the long economic expansion increases the risk of such an event. Such a downturn would at least delay a GE turnaround.Furthermore, GE Aviation, currently GE's best-performing division, faces uncertainty with its status as the sole supplier of engines for Boeing's (NYSE:BA) troubled 737 MAX.So far, the Aviation division has incurred no impairment charges related to the 737 MAX. Moreover, both orders and backlogs rose for this division on a year-over-year basis. Still, investors should watch for any Boeing-related troubles in future quarters. GE Stock Is RangeboundStill, for all of the remaining challenges, this report has further helped to quiet those who predicted the demise of GE. Moreover, General Electric stock remains in the $10 per share range, about the same levels of three months ago.Today, confidence in the company has increased, yet GE stock has traded in a range since late January. The range adds uncertainty but also gives investors more time to buy.The critical point is the equity's 2019 high of $11.30 per share. If GE can sustain itself past that point, I think the more optimistic $14 to $16 per share price target will become achievable. Concluding Thoughts on GE StockDespite concerns of range-bound trading and deeply negative cash flows in 2019, Mr. Culp's recovery plan has begun to make a recovery in GE stock appear plausible. Yes, GE continues to struggle with cash flows. However, if company forecasts hold, that should turn around by next year.Moreover, the company's divisions continue to show improved performance as revenues increase and debt levels decline. Culp also continues to sell non-core businesses. As this smaller, more-nimble GE begins to emerge, bears continue to pare back their doomsday scenarios, and a long-absent sense of confidence has started to return.GE still has a long way to go. Like any recovery, this one will also face challenges, as well as risks. However, as I stated back in February, a speculative buy case for GE has emerged.The first quarter numbers and even the continued negative cash flows reaffirm this thesis. For those who have the stomach for the risk, I think GE stock can rise much higher once it sustains itself above $11.30 per share.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Despite Uncertainty, the Speculative Case for GE Stock Is Still Solid appeared first on InvestorPlace.

  • CKHUY or DHR: Which Is the Better Value Stock Right Now?
    Zacks 20 hours ago

    CKHUY or DHR: Which Is the Better Value Stock Right Now?

    CKHUY vs. DHR: Which Stock Is the Better Value Option?

  • Honesty Is A Good Start But Not Enough To Boost General Electric Stock
    InvestorPlace 3 days ago

    Honesty Is A Good Start But Not Enough To Boost General Electric Stock

    Give credit where credit is due. The new leaders of General Electric (NYSE:GE), most notably CEO Larry Culp, have pledged to be more transparent with investors. That honesty already has boosted GE stock, which has gained some 40% so far this year.Source: Shutterstock As bearish as I've been on GE, the optimism makes some sense. Culp worked wonders at Danaher (NYSE:DHR). GE has some valuable assets. Its problem areas -- notably Power and GE Capital -- have weighed on the stock in part because the bad news never seemed to end. As I wrote a little more than two years ago, GE clearly lost investors' trust. In the interim, Culp, CFO Jamie Miller, and other executives have made regaining that trust a priority.The problem -- as General Electric stock climbed above $10 yesterday before falling back -- is that GE is being honest about real problems with the business at the moment. Meanwhile, GE stock might seem "cheap" given its long fall from $30+, but it still has a market capitalization of $86 billion -- and a larger amount of debt and pension expense.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCulp and Miller have time to fix General Electric and they well might succeed. But there's a long way to go and still some success priced in at $10. GE Gets HonestIt's an interesting argument as to whether management's increased transparency has helped GE stock. Certainly, there have been short-term relief rallies, starting with the 7% pop that came when Culp was named CEO at the beginning of October. In late January, GE missed estimates in fourth quarter earnings -- and the stock still soared after Culp projected improvement in the struggling Power business, albeit not until 2020. Meanwhile, 2019 guidance in March similarly disappointed, and yet GE stock rose again, with Culp calling 2019 a "reset year." * 10 Retirement Stocks That Won't Wilt in a Bear Market When Culp talks, investors cheer. And he literally has put his money where his mouth is, buying more than $2 million in GE stock last year. He's also laid out a strategy for GE to be slimmer, more nimble and more financially solid. The dividend was cut again, saving cash flow to pay down debt, and assets are up for sale to drive further deleveraging. Importantly, GE has been crystal-clear in detailing those strategies.The latest example of that came last Wednesday. JPMorgan Chase (NYSE:JPM) analyst Stephen Tusa long has been bearish -- and right -- on General Electric stock. In a note released Wednesday morning, Tusa said the company still was managing the headlines in its Power business, seemingly highlighting a big order number cited by Reuters on Tuesday, a report which Tusa said overstated the early success of the turnaround in Power.It hardly seems a coincidence that hours later, CFO Miller told a conference that the company still expected "significantly negative" free cash flow from Power this year, and that Q1 orders didn't signify a change in trend. Indeed, it looks like GE management wants not even the appearance of trying to obscure the real problems facing Power -- and the business as a whole. Will It Help GE Stock?It's a worthwhile strategy. But it's also worth noting that for all the optimism so far, it hasn't actually worked. General Electric stock is down almost 9% from where it traded the day before Culp's hiring was announced. The YTD rally seems due at least in part to the recovering broad market -- and many of the short-term bumps driven by management commentary have soon fizzled.Meanwhile, GE is being honest but it's important to listen to what management actually is saying. Miller said Wednesday that margins in Power won't recover for at least three years. Culp said in March that free cash flow outside GE Capital would be negative this year.The sale of GE Biopharma to Danaher for $21.4 billion will help the balance sheet. But it also sends a key earning asset out the door, and -- again, according to management -- limits the likelihood of a spin-off of GE Healthcare. Even with GE Capital, which has driven several multi-billion dollar charges in recent years, Culp hasn't made any promises that all the problems are solved. General Electric Stock Has a Long Road AheadThe transparency coming from GE is welcome … and a long time coming. Shareholders and potential investors deserve to know what they're getting into. Perhaps more importantly, a turnaround -- for GE or for any other company -- can't happen until or unless management truly understands what needs to be fixed. * 7 Stocks to Buy that Lost 10% Last Week But the problems here are real. GE stock hasn't collapsed because of negative coverage from Tusa, or pressure from short sellers, or just because former CEOs Jeff Immelt and John Flannery weren't paying attention. The power industry on the whole is shrinking. GE Capital took risks similar to those that hurt big banks like Bank of America (NYSE:BAC) and Citigroup (NYSE:C) last decade; it simply took this long for some of the costs to come to light.So while it's worth appreciating the newfound honesty at GE, it's also worth listening to that honesty. Cash flow is negative. Power is years away from improving while the market for gas-powered turbines may continue to shrink. (Admittedly, some observers see growth.) GE Capital may still have some issues to iron out.Aviation, Renewable Energy, and Healthcare have value but I argued a year ago that even with that strength, the fair value of GE stock looked to be about $9-$11 per share. Honesty is helpful, but it doesn't change that core problem.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Honesty Is A Good Start But Not Enough To Boost General Electric Stock appeared first on InvestorPlace.

  • GuruFocus.com 4 days ago

    Spiros Segalas Comments on Danaher

    Guru stock highlight

  • Power Plant Woes Could Stall the GE Stock Comeback
    InvestorPlace 4 days ago

    Power Plant Woes Could Stall the GE Stock Comeback

    Over the past year, General Electric (NYSE:GE) stock has endured its share of controversy. Once one of the most iconic U.S. companies, General Electric was booted from the Dow Jones Industrial Average last June, marking the first time in more than a century that GE stock was not a member of the blue-chip index.Source: Shutterstock Then, last October, in a move aimed at further shoring up the company's balance sheet and reducing costs, General Electric cut its dividend for the second time in 2018. Once a dependable dividend name, General Electric stock now has a paltry quarterly dividend of a penny per share.There are times when companies ensconced in controversy rebound. General Electric stock, while not anywhere close to being all the way back, is rebounding in epic fashion in 2019 with a year-to-date gain of 41%. That is good news, but the resurgence in General Electric stock this year does not mean all the controversy is behind the embattled company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Yield REITs to Buy (Even When the Market Tanks) Earlier this week, General Electric tempered enthusiasm regarding a recovery in its power-plant business, prompting at least one analyst to speculate the company is not being entirely transparent about the goings on at that unit."On Wednesday, GE said its power unit will need at least three years to halt its cash hemorrhage and restore its prior cash flow to double-digit cash margins," reports Reuters. "GE has said it expects to lose up to $2 billion in cash this year, mostly due to the power unit." Skepticism and GE StockIn a note out Wednesday, JPMorgan analyst Steve Tusa displayed skepticism about GE's ability to quickly turnaround the power-plant business while noting the company appears more committed to managing headline risk rather than improving the power-plant business."We see nothing here to change our negative view on Power, more so evidence of a company that appears to manage to headlines rather than on-the-ground fundamentals," said Tusa in a note to clients.The analyst is a noted GE bear. Last month, Tusa lowered his rating on General Electric stock to Underweight from Neutral while lowering his price target on the shares to $5 from $6. That is well below the average analyst price target of $12.76. GE stock traded just over $10 as of this writing.While there are reasons to be concerned with GE's power-plant business. Data from the company indicates the business is notching some growth. In the first quarter, GE's power-plant business booked six orders for the HA-class turbines, up from zero a year earlier. That means GE landed more orders than rivals Mitsubishi Hitachi Power Systems and Siemens AG.On the other hand, there are potential long-term risks in the gas-powered turbine business for any company with exposure to this industry because prices for alternative energy are declining, making cheaper and cleaner solar and wind more attractive to utility providers. The Bottom Line on GE StockThe power-plant unit is not the only potential risk to General Electric stock. GE's effort to sell its biopharma business to rival conglomerate Danaher Corp. (NYSE:DHR) is in jeopardy and that is significant because GE is expecting to land $20 billion in much needed cash for that sale.Weakness in the life sciences market could see the deal price trimmed or scrapped altogether, according to one analyst.Much of GE's efforts to bolster its balance sheet revolve around asset sales, so if the sale to Danaher fails, GE probably spins off the life sciences unit via an initial public offering.With General Electric stock up 41% this, controversy surrounding the power plant and no guarantees on asset sales, a case can be made that a lot of good news is already baked into the shares and near-term upside from current levels could be limited.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Power Plant Woes Could Stall the GE Stock Comeback appeared first on InvestorPlace.

  • Danaher (DHR) Up 3.4% Since Last Earnings Report: Can It Continue?
    Zacks 6 days ago

    Danaher (DHR) Up 3.4% Since Last Earnings Report: Can It Continue?

    Danaher (DHR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Barrons.com 8 days ago

    GE Deal to Sell Its Biopharma Unit to Danaher Could Be at Risk, Says Analyst

    Danaher might be experiencing buyer’s remorse after GE biopharma competitors posted weak results. The purchase agreement might make remorse moot.

  • Is Danaher Corporation's (NYSE:DHR) ROE Of 7.7% Impressive?
    Simply Wall St. 12 days ago

    Is Danaher Corporation's (NYSE:DHR) ROE Of 7.7% Impressive?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Markit 17 days ago

    See what the IHS Markit Score report has to say about Danaher Corp.

    Danaher Corp NYSE:DHRView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for DHR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting DHR. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.02 billion over the last one-month into ETFs that hold DHR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. DHR credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • PR Newswire 16 days ago

    Danaher to Present at Bank of America Merrill Lynch Health Care Conference

    WASHINGTON , May 8, 2019 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced that Executive Vice President and Chief Financial Officer, Matt McGrew , and Executive Vice President, Rainer Blair , ...

  • PR Newswire 17 days ago

    Danaher Announces Quarterly Dividend

    WASHINGTON , May 7, 2019 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.17 per share of its common stock, ...

  • CKHUY vs. DHR: Which Stock Is the Better Value Option?
    Zacks 17 days ago

    CKHUY vs. DHR: Which Stock Is the Better Value Option?

    CKHUY vs. DHR: Which Stock Is the Better Value Option?

  • $10 Is a Fair Price for General Electric Stock
    InvestorPlace 21 days ago

    $10 Is a Fair Price for General Electric Stock

    The stock market tends to overreact to both news and trends. Up until 2016, the market assumed that General Electric's (NYSE:GE) modestly improving operating results would continue, ignoring mounting problems under the hood. In late 2018, the market went too far in the other direction.Source: Shutterstock After GE stock tumbled from $30 to as low as $6.66, the pendulum swung too far the other way. This set up a huge buying opportunity, with some astute knife-catchers netting quick 50% gains from General Electric. At this point, however, I have to start to wonder if sentiment is getting a little bit too bullish again. All in all, $10 seems like a reasonable price for GE stock, but don't expect more huge upside moves from General Electric anytime soon. * 10 Cheap Stocks to Buy in May, But Don't Go Away Tusa Rains on the ParadeStephen Tusa has been GE stock owners' worst nightmare over the past few years. The J.P. Morgan analyst famously went negative on GE stock in May 2016, when it was trading for around $30 per share. Over the years, he's kept making prophetic warnings about the state of General Electric's business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven how rare it is for analysts to take a strongly negative position on a stock and stick with it, Tusa has earned a reputation as a credible analyst. He recently further enhanced his standing with his prescient bearish call on 3M (NYSE:MMM) stock. 3M tumbled more than 10% - its worst one-day plunge in more than a decade - following its miserable earnings report in April. Tusa saw it coming.In any case, Tusa upgraded General Electric from his long-standing "sell" rating up to "neutral" in December. That closely coincided with GE stock's famous $6.66 bottom. While Tusa still had a lot of questions for General Electric, he thought GE could turn itself around, and GE stock consequently rallied.In April, however, Tusa warned that the turnaround was not going according to plan. Not only did he drop General Electric stock back to "underweight," but he actually trimmed his price target on GE stock from $6 to $5 per share.He wrote: "We believe many investors are underestimating the severity of the challenges and underlying risks at GE while overestimating the value of small positives." And Tusa makes some fair points. In particular, even most General Electric bulls will admit that the company's 2019 is shaping up to be underwhelming. GE Stock Will Only Drop to $5 If This HappensA key point in Tusa's bearish thesis is that GE stock can get pulverized if another recession hits before the company can clean up its balance sheet. Tusa accurately warns that the company's debt load is persistently high, while its cash flow generation remains weak. Given General Electric's considerable leverage to the economy, a recession could deliver a killer blow to GE at this point.But the owners of GE stock should relax. The U.S. probably won't enter a recession for at least a year. Despite all the fretting and panicking that occurred in late 2018, the economy held firm and is now looking up. The recently released GDP results came in above 3%, easily surpassing analysts' consensus outlook.Meanwhile, consumer figures look reasonably strong as well. Sure, there are some relatively weak spots, like autos and housing. On the whole, however, the economy is robust. Additionally, there's still a ton of stimulus in the system from Trump's tax cuts. Throw in the news this week that there appears to be bipartisan support for two trillion dollars of new infrastructure funding, and General Electric should find plenty of fresh contracts and opportunities to pursue.Tusa's point, however, is correct in isolation. The clock is ticking quickly for GE. General Electric needs to clean up its business, pay down its debt, and get its cash flow to more reliable levels. If a recession arrives in the back half of 2019, that would be awful news for General Electric. But that's not a likely scenario. General Electric Is Making ProgressIt's important to remember when considering Tusa's bearish view that General Electric is getting stuff done. In particular, it sold its biopharma operations to Danahar (NYSE:DHR) for a cool $21.4 billion. Another meaningful move was the merger of its transportation business. It also sold a portion of its lighting business to private equity firms earlier this year, and GE is working on other deals.There have been advances in other areas as well. Other analysts have pointed to decreasing uncertainty about the company's insurance liabilities. Furthermore, the rising stock market should have a favorable impact on GE's pension funding issues. The Verdict on GE StockGeneral Electric didn't collapse in a day. It cratered during the financial crisis due to aggressive credit deals. Even then, it bounced back enough to hide the rot of its core industrial businesses for another decade. With an organization as huge as GE, things don't break all at once.Similarly, General Electric can't be completely fixed in a day, either. CEO Larry Culp has been on the job barely six months. He's already accomplished a lot during his tenure. Bears such as Tusa are right to say that much more needs to be done.But it seems harsh to be cutting the stock's price target at this point, especially since economic conditions remain favorable. That said, bulls may become overly exuberant. General Electric still has to make a lot of progress before it can become a steady blu- chip stock again. At $10, GE stock is fairly priced and balances General Electric's risks and rewards equally.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post $10 Is a Fair Price for General Electric Stock appeared first on InvestorPlace.

  • General Electric (GE) Q1 Earnings Beat Estimates, Down Y/Y
    Zacks 24 days ago

    General Electric (GE) Q1 Earnings Beat Estimates, Down Y/Y

    General Electric's (GE) first-quarter 2019 results decline year over year due to weak sales performance and fall in margins. However, results surpass estimates.

  • 3M Stock Is Still Attractive After Earnings Miss
    InvestorPlace 25 days ago

    3M Stock Is Still Attractive After Earnings Miss

    3M (NYSE:MMM) stock plunged in Thursday trading on an earnings miss. MMM stock fell by about 13% as the company's first-quarter results missed analysts' consensus estimates on both the top and bottom lines. The 13% plunge was the largest one-day decline for MMM stock since the 1987 stock-market crash.Source: Shutterstock However, after the drop, the valuation of MMM stock has reached lower-than-average levels. Moreover, the company's extensive record of dividend increases and its continuing innovation should bolster it over the long-term. Given MMM's valuable product lines and its financial stability, the question of whether to buy 3M stock does not come down to if investors should do so, but to when they should buy it * 7 U.S. Shale Oil Stocks to Buy as Prices Rise MMM Missed Consensus Estimates by Large AmountsIn the first quarter, 3M earned $2.23 per share of MMM stock. That came in well below analysts' consensus estimate of $2.50 per share and under the $2.49 per share the company made in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLikewise, MMM's revenue of $7.86 billion came in $160 million below what analysts, on average, had expected. It also represents a 5.1% decline from the same quarter last year.3M's product lines go well beyond Post-it Notes and the tape found in desk drawers. MMM also sells products for cleaning, personal health care, home improvement, sports, and other items that consumers use every day. Both individuals and businesses utilize 3M 's products.Despite the nominal strength of the economy, the net income of every division of 3M fell in Q1, and the top line of every segment except health care declined. The health care division's revenue only increased 0.3%. Moreover, the revenue of the company's U.S. and Asia-Pacific regions dropped. In China, growth in Chinese currency, excluding acquisitions, dropped by 3.6%. In the U.S., MMM's growth fell by a more modest 0.4%. MMM Stock Is Cheap and May Become CheaperNonetheless, InvestorPlace columnist Will Ashworth called MMM an equity to "buy and hold forever." He may have a point. Despite the company's results, it's still faring much better than GE (NYSE:GE). Also, the company's 60-year streak of annual dividend increases should remain intact. Even though 3M's profits declined, the company can easily afford to maintain and increase its current annual dividend of $5.76 per share.The question is whether traders should buy MMM stock now or wait. Although 3M's profit will probably increase very little this year, analysts, on average, predicts its profits will rise 7% in 2020. Furthermore, even after Thursday's drop, the forward price-earnings ratio of MMM stock come in at about 16.8.That is well below the average of MMM stock over the last five years. It also makes MMM much cheaper than Danaher (NYSE:DHR), another industrial conglomerate. As a result, making an initial purchase of MMM stock might make sense at this point.However,MMM's P/E multiple also remains higher than the low and mid-teen P/E ratios at which 3M stock traded immediately following the financial crisis. It might be a good idea to wait for the stock to reach such valuations again before buying a large amount of MMM. Still, the world has and will continue to benefit from 3M's innovations. Consequently, MMM stock should be bought on the post-earnings pullback. Final Thoughts on MMM StockAlthough the multiples of MMM stock have been lower in the past, it now trades at levels that will benefit new, long-term investors.However, MMM stock has recovered from more significant downturns. It will more than likely recover from this one too. Investors should also not forget that, despite the fluctuations of MMM stock, the company has increased its annual dividend for 60 straight years.With the demand for 3M's products poised to continue to grow over the long-term, the question is not whether to buy MMM stock, but when to buy MMM.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 5 Hot Dividend Stocks to Buy as the Weather Heats Up * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Cloud Stocks to Buy Now Compare Brokers The post 3M Stock Is Still Attractive After Earnings Miss appeared first on InvestorPlace.

  • MoneyShow 25 days ago

    Argus Research Picks 10 Double-Digit Dividend Growers

    Double-digit dividend growers are among our most-important themes for 2019, and stretches across industries, explains John Eade, an analyst with Argus Research, a leading independent Wall Street research firm.

  • 5 Reasons This Growth Stock Is Up 23% So Far in 2019
    Motley Fool 27 days ago

    5 Reasons This Growth Stock Is Up 23% So Far in 2019

    Danaher's management continues to transform the conglomerate, and the GE Biopharma deal looks like an even better value after a recent disclosure.

  • The Zacks Analyst Blog Highlights: Roche, Danaher, BlackRock, Kinder Morgan and Allstate
    Zacks last month

    The Zacks Analyst Blog Highlights: Roche, Danaher, BlackRock, Kinder Morgan and Allstate

    The Zacks Analyst Blog Highlights: Roche, Danaher, BlackRock, Kinder Morgan and Allstate

  • Here's How P/E Ratios Can Help Us Understand Danaher Corporation (NYSE:DHR)
    Simply Wall St. last month

    Here's How P/E Ratios Can Help Us Understand Danaher Corporation (NYSE:DHR)

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E ratio analysis to Danaher Corporation's (NYSE:DHR), to help you decide if the stock is worth further research...

  • Top Research Reports for Roche, Danaher & BlackRock
    Zacks last month

    Top Research Reports for Roche, Danaher & BlackRock

    Top Research Reports for Roche, Danaher & BlackRock

  • Thomson Reuters StreetEvents last month

    Edited Transcript of DHR earnings conference call or presentation 18-Apr-19 12:00pm GMT

    Q1 2019 Danaher Corp Earnings Call

  • Danaher's Q1 Looked Good, and a Big Acquisition Is on the Way
    Motley Fool last month

    Danaher's Q1 Looked Good, and a Big Acquisition Is on the Way

    The global science and technology company beat expectations in Q1. However, a pending acquisition caused Danaher to cut its full-year outlook.