Handelsbanken Fonder AB Has $55.09 Million Stock Holdings in Danaher Corporation $DHR

Key Points

• Handelsbanken Fonder AB increased its Danaher position by 10.9% in the second quarter, bringing its holdings to 289,223 shares valued at approximately $55.1 million. Institutional investors and hedge funds collectively own 79.05% of Danaher’s stock.
• Analysts maintain a generally positive outlook, with Danaher receiving a “Moderate Buy” consensus rating and an average price target of $228.91, despite several recent target-price reductions.
• Danaher reported quarterly earnings of $1.94 per share, beating estimates of $1.85, while revenue rose 5.5% year over year to $6.26 billion. Shares opened at $208.92, with a market capitalization of about $146.9 billion.

Handelsbanken Fonder AB boosted its position in Danaher Corporation (NYSE:DHR - Free Report) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,223 shares of the conglomerate's stock after acquiring an additional 28,425 shares during the quarter. Handelsbanken Fonder AB's holdings in Danaher were worth $55,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of 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 purchasing an additional 472,608 shares during the last quarter. Capital International Investors lifted its position in shares of Danaher by 8.9% during the 4th quarter. Capital International Investors now owns 18,246,008 shares of the conglomerate's stock worth $4,177,386,000 after buying an additional 1,487,768 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 buying an additional 1,334,221 shares during the last quarter. Wellington Management Group LLP boosted its stake in Danaher by 11.2% in the fourth quarter. Wellington Management Group LLP now owns 15,076,796 shares of the conglomerate's stock valued at $3,451,380,000 after buying an additional 1,517,904 shares in the last quarter. Finally, Norges Bank acquired a new stake in Danaher in the fourth quarter valued at about $2,177,106,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Guggenheim lowered their target price 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 note on Thursday, June 11th. They issued a "neutral" rating and a $200.00 price target on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $245.00 price target on shares of Danaher in a report on Tuesday, April 21st. Barclays lowered their price objective on shares of Danaher from $250.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 22nd. One research 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. Based on data from MarketBeat.com, Danaher presently has an average rating of "Moderate Buy" and an average target price of $228.91.

Danaher Stock Up 2.0%

Shares of NYSE DHR opened at $208.92 on Tuesday. The company has a 50 day simple moving average of $191.24 and a 200 day simple moving average of $193.84. 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 Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The firm has a market cap of $146.87 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78.

Danaher (NYSE:DHR - Get Free Report) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Danaher 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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