Geo Capital Gestora de Recursos Ltd Grows Stock Holdings in Danaher Corporation $DHR

Key Points

• Geo Capital Gestora de Recursos Ltd increased its stake in Danaher Corporation by 115.9% in Q1, now holding 9,273 shares valued at approximately $1.9 million.
• Institutional investors own 79.05% of Danaher stock, with Vanguard Group now owning nearly $12.3 billion worth after a minor increase.
• Danaher reported Q2 earnings of $1.80 EPS, surpassing analysts' expectations, alongside a revenue of $5.94 billion, indicating a 3.4% year-over-year growth.

Geo Capital Gestora de Recursos Ltd boosted its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 115.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,273 shares of the conglomerate's stock after buying an additional 4,978 shares during the quarter. Danaher makes up about 2.6% of Geo Capital Gestora de Recursos Ltd's investment portfolio, making the stock its 19th largest holding. Geo Capital Gestora de Recursos Ltd's holdings in Danaher were worth $1,901,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Danaher by 0.4% in the first quarter. Vanguard Group Inc. now owns 59,981,088 shares of the conglomerate's stock worth $12,296,123,000 after buying an additional 230,966 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Danaher by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 8,783,485 shares of the conglomerate's stock valued at $1,800,614,000 after purchasing an additional 194,466 shares during the last quarter. Northern Trust Corp lifted its position in Danaher by 14.3% during the fourth quarter. Northern Trust Corp now owns 7,934,991 shares of the conglomerate's stock valued at $1,821,477,000 after purchasing an additional 992,594 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Danaher by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,677,032 shares of the conglomerate's stock valued at $1,303,163,000 after purchasing an additional 579,046 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Danaher by 44.5% during the first quarter. Invesco Ltd. now owns 4,708,578 shares of the conglomerate's stock valued at $965,259,000 after purchasing an additional 1,450,703 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DHR. Argus lowered their price objective on shares of Danaher from $260.00 to $240.00 in a research report on Wednesday, April 23rd. Guggenheim reissued a "buy" rating and issued a $250.00 target price on shares of Danaher in a research note on Wednesday, July 23rd. HSBC reduced their target price on shares of Danaher from $270.00 to $240.00 in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Finally, Wells Fargo & Company reduced their target price on shares of Danaher from $210.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $247.61.

Danaher Stock Up 1.5%

Shares of Danaher stock opened at $212.2350 on Wednesday. The firm's 50 day moving average price is $200.33 and its 200-day moving average price is $199.54. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $279.90. The company has a market cap of $151.97 billion, a P/E ratio of 45.16, a PEG ratio of 2.92 and a beta of 0.73.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.16. Danaher had a net margin of 14.21% and a return on equity of 10.70%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the firm earned $1.72 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. On average, sell-side analysts predict that Danaher Corporation will post 7.63 EPS for the current fiscal year.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.

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