Meeder Advisory Services Inc. Buys Shares of 13,756 Danaher Corporation $DHR

Meeder Advisory Services Inc. bought a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, Holdings Channel reports. The institutional investor bought 13,756 shares of the conglomerate’s stock, valued at approximately $2,620,000.

Several other institutional investors have also made changes to their positions in DHR. Main Street Group LTD purchased a new stake in Danaher in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher during the second quarter worth $25,000. JPL Wealth Management LLC acquired a new stake in Danaher during the third quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new position in Danaher in the fourth quarter valued at about $26,000. Finally, WFA of San Diego LLC purchased a new position in Danaher in the second quarter valued at about $26,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHR. Argus cut their price target on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Citigroup started coverage on Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective on the stock. 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 research note on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus cut their price target on shares of Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $228.91.

Danaher Stock Down 1.5%

DHR stock opened at $199.62 on Wednesday. The stock has a market capitalization of $140.33 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78. The company has a 50-day moving average of $193.74 and a two-hundred day moving average of $192.50. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. 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 (NYSE:DHR) last posted its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, equities research analysts anticipate 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.