Danaher Corporation $DHR Shares Purchased by Braidwell LP

Key Points

• Braidwell LP increased its Danaher stake by 8.1% in the second quarter, purchasing 11,300 additional shares for a total of 150,627 shares valued at approximately $28.7 million. Institutional investors and hedge funds collectively own 79.05% of Danaher.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $228.91. Price targets range from $200 to $240.
• Danaher exceeded quarterly expectations, reporting adjusted EPS of $1.94 versus the $1.85 consensus and revenue of $6.26 billion versus $6.12 billion expected; revenue grew 5.5% year over year.

Braidwell LP boosted its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 150,627 shares of the conglomerate's stock after purchasing an additional 11,300 shares during the period. Braidwell LP's holdings in Danaher were worth $28,691,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Danaher during the second quarter worth about $10,492,520,000. State Street Corp increased its position in Danaher by 1.7% in the 4th quarter. State Street Corp now owns 27,681,334 shares of the conglomerate's stock valued at $6,345,529,000 after acquiring an additional 472,608 shares during the period. Capital International Investors raised its stake in Danaher by 8.9% during the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate's stock valued at $4,177,386,000 after acquiring an additional 1,487,768 shares during the last quarter. Wellington Management Group LLP raised its stake in Danaher by 10.4% during the 2nd quarter. Wellington Management Group LLP now owns 16,316,834 shares of the conglomerate's stock valued at $3,108,031,000 after acquiring an additional 1,542,310 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Danaher by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,973,240 shares of the conglomerate's stock worth $3,656,595,000 after acquiring an additional 1,334,221 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHR has been the topic of several analyst reports. Citigroup assumed coverage on Danaher in a research note on Tuesday, May 26th. They issued a "buy" rating and a $230.00 target price on the stock. Guggenheim cut their price target on Danaher from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Piper Sandler assumed coverage on shares of Danaher in a research report on Thursday, June 11th. They issued a "neutral" rating and a $200.00 price objective on the stock. Weiss Ratings raised shares of Danaher from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective on shares of Danaher in a research 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $228.91.

Danaher Price Performance

Shares of NYSE:DHR opened at $210.07 on Thursday. The firm has a market capitalization of $147.68 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The business's 50 day simple moving average is $201.15 and its 200-day simple moving average is $192.19. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80.

Danaher (NYSE:DHR - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. As a group, equities analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

About Danaher

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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