EP Wealth Advisors LLC bought a new position in Danaher Corporation (NYSE:DHR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 19,985 shares of the conglomerate's stock, valued at approximately $3,807,000.
Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Danaher in the 2nd quarter worth approximately $44,000. MidFirst Bank purchased a new position in Danaher in the second quarter valued at about $46,000. Bell Investment Advisors Inc acquired a new position in shares of Danaher during the second quarter worth $47,000. State of Wyoming purchased a new stake in Danaher during the 2nd quarter worth approximately $74,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Danaher during the 4th quarter valued at approximately $27,000. 79.05% of the stock is owned by hedge funds and other institutional investors.
Danaher Price Performance
NYSE:DHR opened at $219.42 on Friday. The firm has a market cap of $154.25 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78. The company's 50-day moving average is $195.80 and its two-hundred day moving average is $192.61. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. 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 (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, beating the consensus estimate of $1.85 by $0.09. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. Research analysts expect that Danaher Corporation will post 8.53 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Wolfe Research lowered shares of Danaher from an "outperform" rating to a "peer perform" rating in a report on Monday, June 1st. Evercore restated an "outperform" rating and issued a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Stifel Nicolaus dropped their target price on Danaher from $260.00 to $220.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They issued a "buy" rating and a $210.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 target price on shares of Danaher in a research note on Wednesday, July 22nd. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $228.91.
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Danaher Profile
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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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