TRB Wealth Management LLC Acquires Shares of 2,722 Danaher Corporation $DHR

TRB Wealth Management LLC acquired a new position in Danaher Corporation (NYSE:DHR) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,722 shares of the conglomerate’s stock, valued at approximately $518,000.

A number of other large investors have also recently made changes to their positions in DHR. Sumitomo Life Insurance Co. bought a new stake in shares of Danaher in the 2nd quarter worth about $1,255,000. Landscape Capital Management L.L.C. bought a new position in shares of Danaher in the 2nd quarter valued at about $545,000. Korea Investment CORP purchased a new position in Danaher in the second quarter worth about $79,057,000. EP Wealth Advisors LLC purchased a new position in Danaher in the second quarter worth about $3,807,000. Finally, Heartland Bank & Trust Co bought a new stake in Danaher during the second quarter worth approximately $385,000. 79.05% of the stock is currently owned by institutional investors.

Danaher Stock Performance

Danaher stock opened at $219.42 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The firm has a market capitalization of $154.25 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78. The company’s 50-day moving average is $195.80 and its 200 day moving average is $192.61.

Danaher (NYSE:DHR) last announced 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 return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHR. DZ Bank began coverage on Danaher in a research 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 Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Piper Sandler started coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 target price on the stock. Evercore restated an “outperform” rating and set a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Finally, Royal Bank Of Canada raised their price target 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 assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and an average price target of $228.91.

Danaher 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.