United Capital Financial Advisors LLC Invests $18.17 Million in Danaher Corporation $DHR

United Capital Financial Advisors LLC acquired a new stake in Danaher Corporation (NYSE:DHR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,386 shares of the conglomerate’s stock, valued at approximately $18,169,000.

Other institutional investors have also recently bought and sold shares of the company. Grandeur Peak Global Advisors LLC bought a new stake in shares of Danaher during the 2nd quarter valued at $397,000. Bank OZK bought a new position in shares of Danaher in the 2nd quarter worth $9,226,000. Old North State Trust LLC acquired a new stake in shares of Danaher during the second quarter worth $2,366,000. Equitable Holdings Inc. bought a new stake in Danaher in the second quarter valued at about $3,015,000. Finally, Centaurus Financial Inc. bought a new stake in Danaher in the second quarter valued at about $1,641,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DHR. Wells Fargo & Company reduced their target price on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. 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 research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and set a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Piper Sandler assumed coverage on shares of Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 target price for the company. Finally, DZ Bank began coverage on shares of Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.91.

Danaher Trading Up 0.2%

NYSE:DHR opened at $215.74 on Friday. 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 business’s 50-day simple moving average is $198.69 and its 200-day simple moving average is $192.35. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The stock has a market capitalization of $151.67 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78.

Danaher (NYSE:DHR) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal 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.