Chancellor Financial Group WB LP Takes Position in Danaher Corporation $DHR

Chancellor Financial Group WB LP bought a new position in Danaher Corporation (NYSE:DHR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,861 shares of the conglomerate’s stock, valued at approximately $545,000.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Danaher in the second quarter valued at about $44,000. MidFirst Bank acquired a new stake in shares of Danaher during the second quarter worth about $46,000. Bell Investment Advisors Inc purchased a new stake in Danaher in the second quarter valued at approximately $47,000. State of Wyoming purchased a new stake in Danaher in the second quarter valued at approximately $74,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Danaher in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DHR shares. TD Cowen reduced their price target on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley cut their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Wells Fargo & Company decreased 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 report on Wednesday, July 22nd. Finally, Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target on the stock. One investment 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 stock. According to MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Trading Up 6.2%

Shares of NYSE:DHR opened at $211.92 on Thursday. 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 12-month low of $160.93 and a 12-month high of $242.80. The business has a 50 day moving average of $194.30 and a two-hundred day moving average of $192.44. The company has a market capitalization of $148.98 billion, a PE ratio of 37.64, a PEG ratio of 2.49 and a beta of 0.78.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the company earned $0.77 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Danaher Corporation will post 8.53 EPS for the current 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.