Polar Asset Management Partners Inc. acquired a new stake in Danaher Corporation (NYSE:DHR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 59,800 shares of the conglomerate's stock, valued at approximately $11,391,000.
Other large investors also recently made changes to their positions in the company. Jupiter Topco LLC bought a new stake in shares of Danaher during the second quarter worth $13,679,000. Wedbush Fund Advisers LLC bought a new position in shares of Danaher in the second quarter valued at about $832,000. J. Goldman & Co LP acquired a new position in Danaher during the 2nd quarter worth about $10,253,000. ABS Investment Management LLC acquired a new position in Danaher during the 2nd quarter worth about $576,032,000. Finally, ADAR1 Capital Management LLC bought a new stake in Danaher during the 2nd quarter worth about $4,940,000. Institutional investors own 79.05% of the company's stock.
Danaher Stock Performance
Shares of NYSE:DHR opened at $215.78 on Wednesday. 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 1-year low of $160.93 and a 1-year high of $242.80. The stock has a market capitalization of $151.69 billion, a P/E ratio of 38.33, a P/E/G ratio of 2.68 and a beta of 0.78. The business has a 50-day moving average price of $197.17 and a two-hundred day moving average price of $192.36.
Danaher (NYSE:DHR - Get Free Report) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the firm earned $0.77 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts predict that Danaher Corporation will post 8.53 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on DHR shares. Wolfe Research cut shares of Danaher from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 1st. 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. Guggenheim lowered their price target on shares of Danaher from $235.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They issued a "neutral" rating and a $200.00 price target for the company. Finally, Evercore reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Danaher presently has an average rating of "Moderate Buy" and an average target price of $228.91.
Read Our Latest Report on Danaher
About Danaher
(
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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