Avalon Trust Co bought a new position in Danaher Corporation (NYSE:DHR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,475 shares of the conglomerate's stock, valued at approximately $14,743,000.
A number of other large investors have also bought and sold shares of DHR. JPL Wealth Management LLC acquired a new stake in shares of Danaher in the third quarter valued at $25,000. Main Street Group LTD acquired a new position in Danaher during the 1st quarter worth about $25,000. WFA of San Diego LLC bought a new stake in Danaher during the 2nd quarter worth about $26,000. Elevated Capital Advisors LLC acquired a new stake in Danaher in the 4th quarter valued at about $26,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Danaher in the 4th quarter valued at about $27,000. 79.05% of the stock is currently owned by institutional investors.
Danaher Stock Performance
Shares of Danaher stock opened at $202.51 on Friday. The firm has a fifty day moving average of $193.14 and a two-hundred day moving average of $193.21. The stock has a market capitalization of $142.37 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.52 and a beta of 0.78. 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.
Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Danaher Corporation will post 8.53 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on DHR shares. HSBC reduced their target price on shares of Danaher from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Royal Bank Of Canada raised their price target on shares of Danaher from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 22nd. Wolfe Research downgraded Danaher from an "outperform" rating to a "peer perform" rating in a report on Monday, June 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $245.00 price objective on shares of Danaher in a research report on Tuesday, April 21st. One 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 stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.91.
Read Our Latest Report on DHR
Danaher Company Profile
(
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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