Greenspring Advisors LLC purchased a new stake in shares of Danaher Corporation (NYSE:DHR – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,373 shares of the conglomerate’s stock, valued at approximately $452,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Danaher during the second quarter worth about $10,492,520,000. Norges Bank acquired a new position in shares of Danaher in the fourth quarter worth about $2,177,106,000. Generation Investment Management LLP purchased a new position in Danaher in the second quarter valued at about $1,287,949,000. Flossbach Von Storch SE purchased a new position in Danaher in the second quarter valued at about $747,260,000. Finally, Bank of New York Mellon Corp acquired a new stake in Danaher during the 2nd quarter valued at approximately $712,875,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Analysts Set New Price Targets
DHR has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Argus reduced their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Piper Sandler initiated coverage on shares of Danaher in a research report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 target price for the company. Finally, Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average price target of $228.91.
Danaher Stock Performance
DHR stock opened at $219.42 on Friday. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The stock has a market capitalization of $154.25 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.69 and a beta of 0.78. 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’s fifty day moving average is $195.80 and its two-hundred day moving average is $192.61.
Danaher (NYSE:DHR – Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $6.12 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Danaher Corporation will post 8.53 EPS for the current year.
About Danaher
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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