811,568 Shares in Danaher Corporation $DHR Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, HoldingsChannel reports. The fund bought 811,568 shares of the conglomerate’s stock, valued at approximately $584,361,000.

A number of 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 first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in Danaher during the 2nd quarter worth about $25,000. JPL Wealth Management LLC acquired a new position in shares of Danaher in the 3rd quarter valued at about $25,000. WFA of San Diego LLC purchased a new stake in shares of Danaher in the second quarter worth about $26,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Danaher during the fourth quarter worth about $27,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. HSBC decreased their price target on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Stifel Nicolaus decreased their target price on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada increased their price target on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company dropped 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 report on Wednesday, July 22nd. Finally, Guggenheim cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Down 1.7%

Danaher stock opened at $215.18 on Tuesday. 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 stock has a market capitalization of $151.27 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78. The business has a 50 day simple moving average of $196.49 and a 200-day simple moving average of $192.39. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80.

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 analysts’ consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm 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 posted $0.77 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Danaher Company 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.