Northwestern Mutual Wealth Management Co. Trims Position in Danaher Corporation $DHR

Key Points

• Northwestern Mutual Wealth Management Co. reduced its Danaher stake by 23.4% in the second quarter, selling 12,187 shares and retaining 39,913 shares valued at approximately $7.6 million.
• Analysts maintain a generally positive outlook, with Danaher carrying a consensus “Moderate Buy” rating and an average price target of $228.91, despite several recent target-price reductions.
• Danaher’s latest quarterly results exceeded expectations, with adjusted EPS of $1.94 versus the $1.85 consensus and revenue of $6.26 billion. Revenue increased 5.5% year over year, while shares recently traded at $210.07.

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Danaher Corporation (NYSE:DHR - Free Report) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,913 shares of the conglomerate's stock after selling 12,187 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Danaher were worth $7,603,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada lifted their target price on Danaher from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. HSBC cut their price objective on Danaher from $270.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on Danaher from $212.00 to $195.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. DZ Bank assumed coverage on Danaher in a research report on Wednesday, June 3rd. They issued a "buy" rating and a $210.00 target price on the stock. Finally, Citigroup initiated coverage on Danaher in a research note on Tuesday, May 26th. They set a "buy" rating and a $230.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Danaher currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.91.

Danaher Trading Up 1.5%

Shares of DHR stock opened at $210.07 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The company has a market cap of $147.68 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.58 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 firm has a fifty day moving average price of $201.15 and a 200-day moving average price of $192.19.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. The company had revenue of $6.26 billion for 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%.Danaher's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. As a group, equities analysts predict that Danaher Corporation will post 8.53 earnings per share for the current year.

About Danaher

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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