Caisse de depot et placement du Quebec Buys Shares of 325,142 Danaher Corporation $DHR

Caisse de depot et placement du Quebec acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,142 shares of the conglomerate’s stock, valued at approximately $61,933,000.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Danaher during the 2nd quarter worth $44,000. MidFirst Bank purchased a new stake in shares of Danaher during the second quarter worth about $46,000. Bell Investment Advisors Inc bought a new stake in shares of Danaher during the second quarter valued at approximately $47,000. Fiduciary Financial Advisors bought a new stake in Danaher in the 2nd quarter valued at $53,000. Finally, Solstein Capital LLC purchased a new stake in shares of Danaher in the second quarter worth about $58,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the topic of a number of recent research reports. Citigroup assumed coverage on shares of Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target on the stock. Guggenheim decreased their price target on Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price objective on shares of Danaher in a research report on Wednesday, July 22nd. HSBC dropped their price target on Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, DZ Bank assumed coverage on Danaher in a research note on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.91.

Danaher Stock Up 0.2%

Shares of NYSE DHR opened at $215.74 on Friday. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The stock’s fifty day simple moving average is $198.69 and its two-hundred day simple moving average is $192.35. 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. 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 released its quarterly 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. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. As a group, analysts expect that Danaher Corporation will post 8.53 EPS for the current fiscal 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.