197,541 Shares in Danaher Corporation $DHR Bought by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension bought 197,541 Danaher shares worth approximately $37.6 million in the second quarter, while institutional investors and hedge funds collectively own 79.05% of the stock.
• Danaher exceeded quarterly expectations, reporting $1.94 in adjusted earnings per share versus the $1.85 consensus estimate and $6.26 billion in revenue, up 5.5% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $228.91, compared with the stock’s opening price of $199.62.

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Danaher Corporation (NYSE:DHR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 197,541 shares of the conglomerate's stock, valued at approximately $37,628,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC lifted its holdings in shares of Danaher by 6.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate's stock valued at $397,000 after buying an additional 119 shares during the period. First Trust Advisors LP boosted its stake in shares of Danaher by 34.5% in the second quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate's stock worth $10,947,000 after buying an additional 14,217 shares during the last quarter. Main Street Financial Solutions LLC grew its holdings in Danaher by 40.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,088 shares of the conglomerate's stock worth $610,000 after acquiring an additional 886 shares during the period. Ieq Capital LLC raised its position in Danaher by 64.2% during the second quarter. Ieq Capital LLC now owns 75,714 shares of the conglomerate's stock valued at $14,957,000 after acquiring an additional 29,592 shares in the last quarter. Finally, HUB Investment Partners LLC raised its position in Danaher by 30.7% during the second quarter. HUB Investment Partners LLC now owns 1,383 shares of the conglomerate's stock valued at $273,000 after acquiring an additional 325 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Stock Performance

Shares of DHR stock opened at $199.62 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.25 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 business's 50 day moving average is $193.74 and its two-hundred day moving average is $192.50. The company has a market capitalization of $140.33 billion, a P/E ratio of 35.46, a P/E/G ratio of 2.52 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 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. Analysts expect that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on DHR. DZ Bank assumed coverage on Danaher in a research report on Wednesday, June 3rd. They issued a "buy" rating and a $210.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 target price on shares of Danaher in a report on Wednesday, July 22nd. UBS Group decreased their target price on shares of Danaher from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Danaher from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of Danaher from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.91.

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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