W1M Asset Management Ltd Makes New Investment in Danaher Corporation $DHR

W1M Asset Management Ltd acquired a new stake in Danaher Corporation (NYSE:DHR – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 42,845 shares of the conglomerate’s stock, valued at approximately $30,839,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Danaher in the second quarter worth $10,492,520,000. Norges Bank bought a new stake in Danaher during the fourth quarter worth about $2,177,106,000. Generation Investment Management LLP acquired a new stake in Danaher during the second quarter worth about $1,287,949,000. Flossbach Von Storch SE bought a new position in Danaher in the 2nd quarter valued at about $747,260,000. Finally, Bank of New York Mellon Corp bought a new position in Danaher in the 2nd quarter valued at about $712,875,000. 79.05% of the stock is currently owned by institutional investors.

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Danaher Stock Up 1.6%

Shares of NYSE:DHR opened at $219.42 on Friday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The company has a market capitalization of $154.25 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.72 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 company has a fifty day moving average of $195.80 and a 200-day moving average of $192.61.

Danaher (NYSE:DHR – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.Danaher’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, equities analysts predict that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and set a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Piper Sandler assumed coverage on Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 target price on the stock. DZ Bank began coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective on shares of Danaher in a research report on Wednesday, July 22nd. Finally, TD Cowen reduced their price objective on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.91.

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Danaher Company Profile

(Free Report)

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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