HBK Sorce Advisory LLC purchased a new position in Danaher Corporation (NYSE:DHR – Free Report) during the second quarter, Holdings Channel.com reports. The firm purchased 2,612 shares of the conglomerate’s stock, valued at approximately $521,000.
Several other hedge funds and other institutional investors have also modified their holdings of DHR. State of Wyoming acquired a new position in Danaher during the second quarter worth $74,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher in the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Danaher in the fourth quarter worth about $27,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Danaher by 71.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 53 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Danaher during the 3rd quarter worth about $25,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DHR has been the topic of several analyst reports. DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. Argus decreased their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 24th. UBS Group lowered their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus price target of $228.91.
Danaher Stock Down 0.0%
Shares of DHR opened at $202.44 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $193.52 and a two-hundred day moving average price of $192.67. The stock has a market cap of $142.31 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 2.52 and a beta of 0.78. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80.
Danaher (NYSE:DHR – Get Free Report) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.12 billion. During the same quarter last year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts predict that Danaher Corporation will post 8.53 EPS for the current fiscal year.
Danaher Company 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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