Cibc World Market Inc. Purchases Shares of 91,353 Danaher Corporation $DHR

Cibc World Market Inc. bought a new stake in shares of Danaher Corporation (NYSE:DHR) during the 2nd quarter, Holdings Channel reports. The firm bought 91,353 shares of the conglomerate’s stock, valued at approximately $65,778,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Satovsky Asset Management LLC bought a new stake in Danaher during the second quarter worth approximately $355,000. Blue Whale Capital LLP purchased a new position in Danaher in the 2nd quarter worth about $17,508,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Danaher during the second quarter valued at approximately $6,729,000. Osmosis Investment Management UK Ltd acquired a new stake in Danaher during the 2nd quarter valued at $617,000. Finally, Sanctuary Advisors LLC acquired a new position in Danaher during the second quarter valued at $9,820,000. 79.05% of the stock is currently owned by institutional investors.

Danaher Trading Up 0.3%

DHR opened at $219.42 on Monday. The firm has a 50 day simple moving average of $195.80 and a 200 day simple moving average of $192.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The company has a market cap of $154.25 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78. 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 results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period last year, the company earned $0.77 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. HSBC dropped their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Stifel Nicolaus reduced their target price on Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. TD Cowen cut their price target on Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. DZ Bank initiated coverage on Danaher in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 target price for the company. Finally, Wolfe Research cut Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.91.

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.