Lombard Odier Asset Management Europe Ltd Invests $4.62 Million in Danaher Corporation $DHR

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,410 shares of the conglomerate’s stock, valued at approximately $4,615,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Danaher during the 2nd quarter worth $10,492,520,000. Norges Bank purchased a new stake in shares of Danaher in the fourth quarter valued at about $2,177,106,000. Jupiter Topco LLC purchased a new stake in shares of Danaher in the second quarter valued at about $1,456,317,000. Generation Investment Management LLP acquired a new position in shares of Danaher during the second quarter worth about $1,287,949,000. Finally, Bank of America Corp DE acquired a new position in shares of Danaher during the second quarter worth about $993,846,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. TD Cowen dropped their target price on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $230.00 target price on shares of Danaher in a research note on Monday, July 6th. Royal Bank Of Canada raised their price target on Danaher from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler initiated coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Up 0.3%

Shares of NYSE DHR opened at $216.41 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The firm has a 50-day moving average price of $199.46 and a 200 day moving average price of $192.52. The stock has a market capitalization of $152.13 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities research 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.