TD Waterhouse Canada Inc. lowered its stake in shares of Danaher Corporation (NYSE:DHR – Free Report) by 9.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 62,015 shares of the conglomerate’s stock after selling 6,638 shares during the period. TD Waterhouse Canada Inc.’s holdings in Danaher were worth $12,020,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of DHR. BlackRock Inc. purchased a new stake in shares of Danaher during the second quarter worth $10,492,520,000. Norges Bank acquired a new position in Danaher in the 4th quarter worth about $2,177,106,000. Jupiter Topco LLC acquired a new position in Danaher in the 2nd quarter worth about $1,456,317,000. Generation Investment Management LLP purchased a new stake in shares of Danaher during the 2nd quarter worth about $1,287,949,000. Finally, Bank of America Corp DE acquired a new stake in shares of Danaher during the 2nd quarter valued at about $993,846,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Guggenheim cut their price objective on shares of Danaher from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. HSBC reduced their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Evercore reiterated an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Finally, Wolfe Research downgraded shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.91.
Danaher Trading Down 1.7%
NYSE:DHR opened at $207.46 on Friday. The company’s 50 day moving average is $201.74 and its 200-day moving average is $192.28. 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 Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The firm has a market cap of $145.84 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.59 and a beta of 0.78.
Danaher (NYSE:DHR – Get Free Report) last posted 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 net margin of 15.95% and a return on equity of 11.04%. 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 prior year, the firm earned $0.77 EPS. Danaher’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Danaher Corporation will post 8.53 EPS for the current 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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