EFG International AG Purchases New Shares in Danaher Corporation $DHR

EFG International AG acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 22,439 shares of the conglomerate’s stock, valued at approximately $16,155,000.

A number of other hedge funds have also recently bought and sold shares of DHR. EP Wealth Advisors LLC purchased a new stake in shares of Danaher during the 2nd quarter valued at $3,807,000. Northwestern Mutual Wealth Management Co. grew its position in Danaher by 303.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock valued at $56,777,000 after buying an additional 186,584 shares during the period. Puzo Michael J bought a new position in Danaher during the second quarter valued at about $8,624,000. Legal & General Group Plc increased its holdings in Danaher by 1.0% during the fourth quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock worth $1,029,061,000 after buying an additional 43,169 shares during the last quarter. Finally, Madison Asset Management LLC bought a new stake in Danaher in the second quarter worth about $85,451,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHR has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. 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. Evercore restated an “outperform” rating and issued a $230.00 target price on shares of Danaher in a research note on Monday, July 6th. Piper Sandler assumed coverage on Danaher in a research note on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target for the company. Finally, DZ Bank started coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective on the stock. One 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.91.

Danaher Trading Up 0.3%

Danaher stock opened at $215.78 on Wednesday. The stock has a market cap of $151.69 billion, a P/E ratio of 38.33, a PEG ratio of 2.68 and a beta of 0.78. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The firm’s fifty day moving average price is $197.17 and its 200-day moving average price is $192.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65.

Danaher (NYSE:DHR) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping 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 analysts’ expectations of $6.12 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Danaher Corporation will post 8.53 earnings per share 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.