167,105 Shares in Danaher Corporation $DHR Purchased by Cibc World Market Inc.

Key Points

• CIBC World Market acquired 167,105 shares of Danaher in the second quarter, valued at approximately $31.83 million. Institutional investors collectively own 79.05% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $228.91, despite several recent target-price reductions.
• Danaher exceeded quarterly expectations, reporting adjusted EPS of $1.94 versus the $1.85 estimate and revenue of $6.26 billion, up 5.5% year over year.

Cibc World Market Inc. acquired a new position in Danaher Corporation (NYSE:DHR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 167,105 shares of the conglomerate's stock, valued at approximately $31,830,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DHR. High Note Wealth LLC lifted its stake in shares of Danaher by 19.2% in the 4th quarter. High Note Wealth LLC now owns 292 shares of the conglomerate's stock valued at $67,000 after purchasing an additional 47 shares during the period. First Command Advisory Services Inc. raised its holdings in Danaher by 4.4% in the fourth quarter. First Command Advisory Services Inc. now owns 1,104 shares of the conglomerate's stock worth $253,000 after purchasing an additional 47 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Danaher by 8.4% in the fourth 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 lifted its position in Danaher by 0.3% during the third quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate's stock valued at $3,057,000 after buying an additional 48 shares during the period. Finally, SOL Capital Management CO lifted its position in Danaher by 2.7% during the fourth quarter. SOL Capital Management CO now owns 1,879 shares of the conglomerate's stock valued at $430,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DHR shares. Piper Sandler started coverage on shares of Danaher in a research report on Thursday, June 11th. They issued a "neutral" rating and a $200.00 target price on the stock. HSBC lowered their price target on shares of Danaher from $270.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. DZ Bank initiated coverage on shares of Danaher in a research note on Wednesday, June 3rd. They set a "buy" rating and a $210.00 price objective on the stock. Wolfe Research cut shares of Danaher from an "outperform" rating to a "peer perform" rating in a report on Monday, June 1st. Finally, TD Cowen decreased their target price on shares of Danaher from $240.00 to $236.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $228.91.

Danaher Trading Up 0.3%

NYSE DHR opened at $219.42 on Monday. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $195.80 and its 200-day moving average price is $192.40. The stock has a market cap of $154.25 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.72 and a beta of 0.78.

Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $6.26 billion during 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%.Danaher's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, equities analysts forecast that Danaher Corporation will post 8.53 EPS for the current fiscal 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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