8,309 Shares in Danaher Corporation $DHR Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 8,309 shares of the conglomerate’s stock, valued at approximately $1,583,000.

Several other hedge funds also recently modified their holdings of the company. Main Street Group LTD bought a new position in Danaher during the first quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in Danaher during the third quarter worth about $25,000. Elevated Capital Advisors LLC bought a new stake in Danaher in the fourth quarter worth about $26,000. WFA of San Diego LLC acquired a new stake in Danaher in the 2nd quarter valued at about $26,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Danaher in the 4th quarter valued at about $27,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the topic of several recent research reports. DZ Bank initiated coverage on shares of Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective on the stock. TD Cowen reduced their target price on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Guggenheim reduced their target price 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. Morgan Stanley decreased their price target on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, HSBC cut their price objective on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. 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. According to MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Performance

Danaher stock opened at $202.44 on Tuesday. The firm’s 50 day simple moving average is $193.52 and its 200-day simple moving average is $192.67. The company has a market cap of $142.31 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78. 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 fifty-two week low of $160.93 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last posted 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 during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Danaher Corporation will post 8.53 EPS 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.