SFE Investment Counsel purchased a new position in shares of Danaher Corporation (NYSE:DHR – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 17,252 shares of the conglomerate’s stock, valued at approximately $12,422,000. Danaher accounts for about 1.7% of SFE Investment Counsel’s holdings, making the stock its 20th biggest position.
A number of other hedge funds also recently modified their holdings of the stock. Main Street Group LTD bought a new stake in shares of Danaher in the first quarter valued at $25,000. JPL Wealth Management LLC bought a new position in shares of Danaher during the 3rd quarter worth $25,000. Elevated Capital Advisors LLC bought a new position in shares of Danaher during the 4th quarter worth $26,000. WFA of San Diego LLC purchased a new stake in Danaher in the 2nd quarter worth about $26,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Danaher in the 4th quarter worth about $27,000. Institutional investors own 79.05% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. DZ Bank began coverage on shares of Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price objective on the stock. TD Cowen reduced their target price on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price target on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Stifel Nicolaus dropped their price target on shares of Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Citigroup started coverage on shares of Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $228.91.
Danaher Stock Performance
Shares of DHR opened at $202.51 on Friday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The stock’s 50-day simple moving average is $193.14 and its 200 day simple moving average is $193.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The stock has a market capitalization of $142.37 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78.
Danaher (NYSE:DHR – Get Free Report) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Danaher Corporation will post 8.53 EPS for the current fiscal year.
Danaher 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.
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