3,069 Shares in Danaher Corporation $DHR Bought by Geneva Capital Management LLC

Geneva Capital Management LLC acquired a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,069 shares of the conglomerate’s stock, valued at approximately $585,000.

Several other institutional investors also recently bought and sold shares of DHR. Main Street Group LTD acquired a new stake in shares of Danaher in the 1st quarter worth $25,000. JPL Wealth Management LLC acquired a new position in shares of Danaher during the third quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new position in shares of Danaher during the fourth quarter worth about $26,000. WFA of San Diego LLC purchased a new position in Danaher during the second quarter worth about $26,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Danaher during the fourth quarter worth about $27,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHR. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. HSBC cut their target price on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $245.00 price target on shares of Danaher in a report on Tuesday, April 21st. TD Cowen decreased their price target on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, DZ Bank initiated coverage on Danaher in a report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price objective on the stock. One research 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Down 0.7%

DHR stock opened at $202.51 on Friday. 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 company’s 50-day moving average price is $193.14 and its 200 day moving average price is $193.21. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a market cap of $142.37 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.52 and a beta of 0.78.

Danaher (NYSE:DHR) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal 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.