Requisite Capital Management LLC Takes Position in Danaher Corporation $DHR

Requisite Capital Management LLC acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,286 shares of the conglomerate’s stock, valued at approximately $627,000.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Danaher in the second quarter valued at $264,011,000. OneDigital Investment Advisors LLC acquired a new position in shares of Danaher during the 2nd quarter worth about $874,000. Hikari Power Ltd purchased a new position in shares of Danaher in the 2nd quarter valued at about $3,905,000. Plato Investment Management Ltd acquired a new stake in shares of Danaher during the 2nd quarter worth about $2,810,000. Finally, Bell Investment Advisors Inc purchased a new stake in Danaher during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target for the company. Argus cut their price objective on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective on shares of Danaher in a research report on Wednesday, July 22nd. Morgan Stanley dropped their target price on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, UBS Group cut their price target on shares of Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Trading Down 0.0%

NYSE:DHR opened at $202.44 on Tuesday. The company has a market capitalization of $142.31 billion, a PE ratio of 35.96, a P/E/G ratio of 2.52 and a beta of 0.78. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The stock’s 50 day moving average price is $193.52 and its 200 day moving average price is $192.67. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last issued its quarterly earnings data 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. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, research analysts anticipate that Danaher Corporation will post 8.53 EPS for the current 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.