Texas Capital Bank Wealth Management Services Inc Takes Position in Danaher Corporation $DHR

Texas Capital Bank Wealth Management Services Inc bought a new position in Danaher Corporation (NYSE:DHR) during the 2nd quarter, Holdings Channel reports. The fund bought 41,817 shares of the conglomerate’s stock, valued at approximately $7,965,000.

A number of other hedge funds also recently made changes to their positions in DHR. Main Street Group LTD purchased a new position in Danaher during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Danaher in the 2nd quarter worth approximately $25,000. JPL Wealth Management LLC purchased a new stake in shares of Danaher during the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC purchased a new stake in shares of Danaher during the 4th quarter worth approximately $26,000. Finally, WFA of San Diego LLC bought a new position in shares of Danaher during the 2nd quarter valued at approximately $26,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Danaher Price Performance

DHR stock opened at $199.62 on Wednesday. The stock has a market cap of $140.33 billion, a PE ratio of 35.46, a P/E/G ratio of 2.52 and a beta of 0.78. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company has a 50-day moving average price of $193.74 and a 200 day moving average price of $192.50. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last posted its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Equities research analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Morgan Stanley lowered their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. HSBC reduced their target price on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Citigroup began coverage on shares of Danaher in a research report on Tuesday, May 26th. They set a “buy” rating and a $230.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Danaher currently has an average rating of “Moderate Buy” and a consensus target price 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.