Wealthfront Advisers LLC Takes $7.11 Million Position in Danaher Corporation $DHR

Wealthfront Advisers LLC bought a new position in shares of Danaher Corporation (NYSE:DHR) in the second quarter, HoldingsChannel reports. The institutional investor bought 37,321 shares of the conglomerate’s stock, valued at approximately $7,109,000.

Several other large investors have also made changes to their positions in DHR. Meeder Asset Management Inc. acquired a new stake in Danaher in the second quarter worth about $44,000. MidFirst Bank bought a new stake in Danaher during the 2nd quarter worth about $46,000. Bell Investment Advisors Inc acquired a new position in Danaher during the 2nd quarter valued at about $47,000. State of Wyoming bought a new position in shares of Danaher in the 2nd quarter valued at about $74,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Danaher in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DHR shares. Argus dropped their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. TD Cowen reduced their price objective on shares of Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. UBS Group lowered their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. DZ Bank started coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Weiss Ratings upgraded Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Danaher currently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Performance

Shares of NYSE:DHR opened at $211.92 on Thursday. The firm’s 50 day simple moving average is $194.30 and its 200 day simple moving average is $192.44. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The company has a market capitalization of $148.98 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.49 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 (NYSE:DHR) last issued its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current year.

Danaher Profile

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.