45,717 Shares in Danaher Corporation $DHR Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, Holdings Channel reports. The firm bought 45,717 shares of the conglomerate’s stock, valued at approximately $32,918,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Danaher in the 2nd quarter worth approximately $10,492,520,000. Norges Bank acquired a new stake in shares of Danaher during the 4th quarter worth approximately $2,177,106,000. Generation Investment Management LLP bought a new stake in Danaher in the 2nd quarter valued at $1,287,949,000. Legal & General Group Plc bought a new stake in shares of Danaher in the 2nd quarter valued at approximately $801,056,000. Finally, Flossbach Von Storch SE bought a new stake in Danaher in the second quarter valued at $747,260,000. 79.05% of the stock is currently owned by institutional investors.

Danaher Stock Up 0.3%

Shares of NYSE:DHR opened at $216.41 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 stock has a market cap of $152.13 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.69 and a beta of 0.78. The company has a 50 day moving average of $199.46 and a 200-day moving average of $192.52. Danaher Corporation has a one year low of $160.93 and a one year 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 for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DHR. Guggenheim cut their price target on shares of Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price objective on shares of Danaher in a report on Wednesday, July 22nd. Wells Fargo & Company cut their target price on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. TD Cowen decreased their price target on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Evercore reaffirmed an “outperform” rating and set a $230.00 price target on shares of Danaher in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $228.91.

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.