J. Goldman & Co LP acquired a new stake in Danaher Corporation (NYSE:DHR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 53,828 shares of the conglomerate's stock, valued at approximately $10,253,000.
Several other large investors also recently modified their holdings of DHR. BlackRock Inc. acquired a new position in Danaher in the 2nd quarter valued at about $10,492,520,000. Norges Bank acquired a new stake in Danaher during the fourth quarter worth approximately $2,177,106,000. Generation Investment Management LLP bought a new stake in shares of Danaher during the second quarter worth approximately $1,287,949,000. Legal & General Group Plc acquired a new position in shares of Danaher in the second quarter valued at approximately $801,056,000. Finally, Flossbach Von Storch SE bought a new position in shares of Danaher during the second quarter worth approximately $747,260,000. 79.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on DHR. DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They set a "buy" rating and a $210.00 price target for the company. TD Cowen lowered their price objective on Danaher from $240.00 to $236.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Danaher from $212.00 to $195.00 and set an "equal weight" rating for the company in a report on Wednesday, July 22nd. Evercore reissued an "outperform" rating and issued a $230.00 target price on shares of Danaher in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded shares of Danaher from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. One equities research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $228.91.
View Our Latest Stock Report on DHR
Danaher Trading Up 0.3%
Shares of DHR stock opened at $215.78 on Wednesday. The stock has a market cap of $151.69 billion, a P/E ratio of 38.33, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78. Danaher Corporation has a 1 year low of $160.93 and a 1 year 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. The stock has a 50 day simple moving average of $197.17 and a 200 day simple moving average of $192.36.
Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, research analysts predict that Danaher Corporation will post 8.53 earnings per share for the current fiscal 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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