Fox Hill Wealth Management Acquires New Shares in Danaher Corporation $DHR

Fox Hill Wealth Management bought a new stake in Danaher Corporation (NYSE:DHRFree Report) during the second quarter, HoldingsChannel.com reports. The firm bought 11,682 shares of the conglomerate’s stock, valued at approximately $2,225,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Danaher in the 2nd quarter valued at approximately $44,000. MidFirst Bank acquired a new position in Danaher during the 2nd quarter worth approximately $46,000. Bell Investment Advisors Inc acquired a new position in Danaher during the 2nd quarter worth approximately $47,000. Fiduciary Financial Advisors bought a new position in Danaher in the 2nd quarter valued at approximately $53,000. Finally, Solstein Capital LLC acquired a new stake in Danaher in the second quarter valued at approximately $58,000. Institutional investors own 79.05% of the company’s stock.

Danaher Stock Up 0.3%

Shares of NYSE:DHR opened at $216.41 on Friday. The firm has a market cap of $152.13 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.69 and a beta of 0.78. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The business has a fifty day simple moving average of $199.46 and a 200 day simple moving average of $192.52. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48.

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

Analysts Set New Price Targets

A number of research firms have weighed in on DHR. Guggenheim decreased their target price on shares of Danaher from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Piper Sandler began coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target for the company. Evercore reissued an “outperform” rating and set a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Wolfe Research cut Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of Danaher in a research report on Wednesday, July 22nd. One research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Get Our Latest Analysis on Danaher

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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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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