Kingsview Wealth Management LLC Acquires Shares of 11,665 Danaher Corporation $DHR

Key Points

• Kingsview Wealth Management acquired 11,665 Danaher shares worth approximately $2.22 million, while institutional investors collectively own 79.05% of the company.
• Danaher exceeded quarterly expectations, reporting $1.94 in EPS and $6.26 billion in revenue, with revenue up 5.5% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $228.91 versus the stock’s reported $216.41 price.

Kingsview Wealth Management LLC acquired a new position in Danaher Corporation (NYSE:DHR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,665 shares of the conglomerate's stock, valued at approximately $2,222,000.

Several other hedge funds have also modified their holdings of the company. Sivia Capital Partners LLC raised its holdings in Danaher by 6.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate's stock worth $397,000 after purchasing an additional 119 shares during the period. First Trust Advisors LP grew its holdings in Danaher by 34.5% in the second quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate's stock valued at $10,947,000 after purchasing an additional 14,217 shares during the period. Main Street Financial Solutions LLC increased its position in shares of Danaher by 40.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,088 shares of the conglomerate's stock valued at $610,000 after buying an additional 886 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Danaher by 64.2% during the 2nd quarter. Ieq Capital LLC now owns 75,714 shares of the conglomerate's stock worth $14,957,000 after buying an additional 29,592 shares during the period. Finally, HUB Investment Partners LLC raised its stake in shares of Danaher by 30.7% during the 2nd quarter. HUB Investment Partners LLC now owns 1,383 shares of the conglomerate's stock worth $273,000 after buying an additional 325 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Danaher Stock Up 0.3%

Shares of NYSE DHR opened at $216.41 on Friday. The stock has a market cap of $152.13 billion, a PE ratio of 38.44, a P/E/G ratio of 2.69 and a beta of 0.78. 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 Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a 50-day moving average of $199.46 and a 200 day moving average of $192.52.

Danaher (NYSE:DHR - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS 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 analysts' expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, sell-side analysts predict that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DHR shares. Evercore reissued an "outperform" rating and issued a $230.00 price target on shares of Danaher in a research note on Monday, July 6th. DZ Bank initiated coverage on shares of Danaher in a report on Wednesday, June 3rd. They set a "buy" rating and a $210.00 price objective on the stock. HSBC dropped their target price on shares of Danaher from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler initiated coverage on shares of Danaher in a research report on Thursday, June 11th. They set a "neutral" rating and a $200.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Danaher from $212.00 to $195.00 and set an "equal weight" rating on the stock 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.91.

Danaher Company 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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