OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Danaher Corporation $DHR

Key Points

• Oversea Chinese Banking Corp Ltd acquired 10,000 Danaher shares worth approximately $1.9 million in the second quarter, while institutional investors collectively own 79.05% of DHR.
• Danaher exceeded quarterly expectations, reporting $1.94 in EPS versus the $1.85 consensus and $6.26 billion in revenue, up 5.5% year over year.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $228.91, compared with the stock’s recent opening price of $216.14.

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the conglomerate's stock, valued at approximately $1,905,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DHR. Sivia Capital Partners LLC boosted its position 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 purchasing an additional 119 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Danaher by 34.5% during the 2nd quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate's stock worth $10,947,000 after purchasing an additional 14,217 shares during the period. Main Street Financial Solutions LLC boosted its holdings 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 position in Danaher by 64.2% during the second quarter. Ieq Capital LLC now owns 75,714 shares of the conglomerate's stock valued at $14,957,000 after buying an additional 29,592 shares during the period. Finally, HUB Investment Partners LLC increased its holdings in Danaher by 30.7% during the second 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 last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Danaher Price Performance

Shares of NYSE:DHR opened at $216.14 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $151.94 billion, a PE ratio of 38.39, a P/E/G ratio of 2.63 and a beta of 0.78. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a 50-day moving average price of $195.01 and a two-hundred day moving average price of $192.43.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the company earned $0.77 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup began coverage on shares of Danaher in a research note on Tuesday, May 26th. They issued a "buy" rating and a $230.00 target price on the stock. Weiss Ratings upgraded shares of Danaher from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. Wolfe Research downgraded Danaher from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 1st. Guggenheim reduced their price objective on Danaher from $235.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on Danaher from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, Danaher currently has an average rating of "Moderate Buy" and a consensus target price of $228.91.

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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