Compass Wealth Management LLC Invests $9.28 Million in Danaher Corporation $DHR

Compass Wealth Management LLC acquired a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 48,706 shares of the conglomerate's stock, valued at approximately $9,278,000. Danaher comprises 1.8% of Compass Wealth Management LLC's holdings, making the stock its 12th biggest position.

Other hedge funds have also made changes to their positions in the company. High Note Wealth LLC lifted its position in Danaher by 19.2% during the 4th 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 period. First Command Advisory Services Inc. raised its stake 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 worth $253,000 after buying an additional 47 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Danaher by 8.4% in the 4th quarter. GW&K Investment Management LLC now owns 605 shares of the conglomerate's stock valued at $138,000 after buying an additional 47 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Danaher by 0.3% in the 3rd 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 boosted its stake in shares of Danaher by 2.7% in 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 in the last quarter. Institutional investors and hedge funds own 79.05% of the company's stock.

Danaher Stock Performance

NYSE DHR opened at $211.92 on Thursday. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The company has a market capitalization of $148.98 billion, a P/E ratio of 37.64, a PEG ratio of 2.49 and a beta of 0.78. The business has a 50 day moving average price of $194.30 and a 200 day moving average price of $192.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.Danaher's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. Sell-side analysts expect that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price objective on shares of Danaher in a research report on Wednesday, July 22nd. Morgan Stanley decreased their target price on shares of Danaher from $270.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of Danaher from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. 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 target for the company. Finally, TD Cowen reduced their price objective 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 assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average 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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