Findlay Park Partners LLP Takes $87.93 Million Position in Danaher Corporation $DHR

Findlay Park Partners LLP purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the second quarter, HoldingsChannel reports. The firm purchased 461,600 shares of the conglomerate’s stock, valued at approximately $87,926,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in Danaher during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in Danaher in the 2nd quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in shares of Danaher in the third quarter worth $25,000. WFA of San Diego LLC acquired a new stake in shares of Danaher in the second quarter valued at $26,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Danaher in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup initiated coverage on shares of Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 target price on the stock. Evercore reiterated an “outperform” rating and issued a $230.00 price target on shares of Danaher in a research note on Monday, July 6th. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Stifel Nicolaus dropped their price objective 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. Finally, Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. One research 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’s stock. According to data from MarketBeat, Danaher has a consensus rating of “Moderate Buy” and an average price target of $228.91.

Danaher Stock Up 1.6%

DHR stock opened at $219.42 on Friday. The stock has a market cap of $154.25 billion, a P/E ratio of 38.97, a PEG ratio of 2.72 and a beta of 0.78. 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 Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company’s 50 day moving average is $195.80 and its two-hundred day moving average is $192.61.

Danaher (NYSE:DHR) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 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 for the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Research analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Company 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.