E Fund Management Co. Ltd. Takes Position in Danaher Corporation $DHR

E Fund Management Co. Ltd. acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 5,919 shares of the conglomerate’s stock, valued at approximately $1,127,000.

Several other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Danaher in the second quarter valued at $44,000. MidFirst Bank purchased a new stake in shares of Danaher in the 2nd quarter worth about $46,000. Bell Investment Advisors Inc acquired a new stake in Danaher in the 2nd quarter valued at about $47,000. State of Wyoming acquired a new stake in Danaher in the 2nd quarter valued at about $74,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Danaher during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price on shares of Danaher in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $230.00 price objective on shares of Danaher in a research note on Monday, July 6th. HSBC cut their price objective on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their target price on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Piper Sandler assumed coverage on Danaher in a report on Thursday, June 11th. They set a “neutral” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.91.

Danaher Trading Up 2.2%

NYSE DHR opened at $216.14 on Friday. The company has a market cap of $151.94 billion, a P/E ratio of 38.39, a P/E/G ratio of 2.63 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 debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The company has a 50-day moving average of $195.01 and a 200-day moving average of $192.43.

Danaher (NYSE:DHR) last released its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Danaher Corporation will post 8.53 earnings per share 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.