MASTERINVEST Kapitalanlage GmbH Invests $3.66 Million in Danaher Corporation $DHR

MASTERINVEST Kapitalanlage GmbH purchased a new stake in Danaher Corporation (NYSE:DHR) in the second quarter, Holdings Channel reports. The firm purchased 5,080 shares of the conglomerate’s stock, valued at approximately $3,658,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Main Street Group LTD acquired a new position in Danaher during the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in Danaher in the 2nd quarter valued at $25,000. JPL Wealth Management LLC acquired a new stake in shares of Danaher in the 3rd quarter worth $25,000. WFA of San Diego LLC acquired a new stake in shares of Danaher in the 2nd quarter worth $26,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Danaher during the 4th quarter worth $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHR. Piper Sandler began coverage on shares of Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target on the stock. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Citigroup initiated coverage on shares of Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price on the stock. Finally, Royal Bank Of Canada increased their price target on shares of Danaher from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $228.91.

Danaher Stock Performance

NYSE DHR opened at $215.74 on Friday. The stock has a market cap of $151.67 billion, a PE ratio of 38.32, a P/E/G ratio of 2.68 and a beta of 0.78. 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 twelve month low of $160.93 and a twelve month high of $242.80. The stock has a fifty day simple moving average of $198.69 and a 200-day simple moving average of $192.35.

Danaher (NYSE:DHR) last issued its quarterly earnings data 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. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. Danaher’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Equities analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current 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.