Hsbc Holdings PLC purchased a new position in Danaher Corporation (NYSE:DHR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,443,380 shares of the conglomerate's stock, valued at approximately $274,998,000. Hsbc Holdings PLC owned approximately 0.21% of Danaher as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. High Note Wealth LLC raised its stake in shares of Danaher by 19.2% in the fourth quarter. High Note Wealth LLC now owns 292 shares of the conglomerate's stock worth $67,000 after acquiring an additional 47 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of Danaher by 4.4% during the 4th quarter. First Command Advisory Services Inc. now owns 1,104 shares of the conglomerate's stock valued at $253,000 after purchasing an additional 47 shares in the last quarter. GW&K Investment Management LLC increased its holdings in Danaher by 8.4% during the 4th quarter. GW&K Investment Management LLC now owns 605 shares of the conglomerate's stock worth $138,000 after purchasing an additional 47 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Danaher by 0.3% in the third quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate's stock valued at $3,057,000 after purchasing an additional 48 shares in the last quarter. Finally, SOL Capital Management CO grew its holdings in shares of Danaher by 2.7% in the 4th quarter. SOL Capital Management CO now owns 1,879 shares of the conglomerate's stock valued at $430,000 after acquiring an additional 50 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Danaher from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. DZ Bank assumed coverage on shares of Danaher in a report on Wednesday, June 3rd. They issued a "buy" rating and a $210.00 price objective for the company. Wolfe Research lowered Danaher from an "outperform" rating to a "peer perform" rating in a report on Monday, June 1st. Wells Fargo & Company reduced their price target on shares of Danaher from $212.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Guggenheim decreased their target price on Danaher from $235.00 to $200.00 and set a "buy" rating on the stock in a research report 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $228.91.
Check Out Our Latest Stock Report on Danaher
Danaher Price Performance
Shares of DHR opened at $215.78 on Wednesday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. 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 business's 50 day moving average price is $197.17 and its two-hundred day moving average price is $192.36. The firm has a market cap of $151.69 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78.
Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping the consensus estimate of $1.85 by $0.09. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. On average, equities analysts anticipate that Danaher Corporation will post 8.53 EPS for the current year.
Danaher Profile
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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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