4,421 Shares in Danaher Corporation $DHR Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new stake in Danaher Corporation (NYSE:DHR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,421 shares of the conglomerate’s stock, valued at approximately $3,183,000.

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

Wall Street Analyst Weigh In

DHR has been the subject of several analyst reports. UBS Group decreased their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Piper Sandler began coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target for the company. Weiss Ratings raised Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Performance

NYSE DHR opened at $199.62 on Wednesday. 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 Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The stock has a 50-day simple moving average of $193.74 and a two-hundred day simple moving average of $192.50. The firm has a market capitalization of $140.33 billion, a P/E ratio of 35.46, a PEG ratio of 2.52 and a beta of 0.78.

Danaher (NYSE:DHR) last issued 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. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, equities analysts forecast 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.