Connor Clark & Lunn Investment Management Ltd. acquired a new position in Danaher Corporation (NYSE:DHR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 260,529 shares of the conglomerate's stock, valued at approximately $187,591,000.
Other hedge funds have also modified their holdings of the company. High Note Wealth LLC grew its holdings in shares of Danaher by 19.2% in the fourth quarter. High Note Wealth LLC now owns 292 shares of the conglomerate's stock valued at $67,000 after purchasing an additional 47 shares in the last quarter. First Command Advisory Services Inc. raised its stake in Danaher by 4.4% during the fourth 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 lifted its position in Danaher by 8.4% during the fourth quarter. GW&K Investment Management LLC now owns 605 shares of the conglomerate's stock valued at $138,000 after purchasing an additional 47 shares during 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 purchasing an additional 48 shares during the last quarter. Finally, SOL Capital Management CO grew its stake 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 worth $430,000 after buying an additional 50 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on DHR shares. 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 report on Wednesday, July 22nd. Wolfe Research downgraded Danaher from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 1st. Evercore reiterated an "outperform" rating and issued a $230.00 target price on shares of Danaher in a report on Monday, July 6th. HSBC cut their target price on Danaher from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Finally, Guggenheim decreased their price target on Danaher from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Danaher currently has an average rating of "Moderate Buy" and a consensus price target of $228.91.
Check Out Our Latest Stock Analysis on Danaher
Danaher Stock Performance
Shares of NYSE:DHR opened at $219.42 on Monday. 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 company has a market capitalization of $154.25 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.72 and a beta of 0.78. The firm's 50-day moving average is $195.80 and its 200 day moving average is $192.40.
Danaher (NYSE:DHR - Get Free Report) last announced 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. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Danaher Corporation will post 8.53 EPS for the current year.
Danaher 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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