OVERSEA CHINESE BANKING Corp Ltd Takes $1.91 Million Position in Danaher Corporation $DHR

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 10,000 shares of the conglomerate’s stock, valued at approximately $1,905,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Main Street Group LTD purchased a new position in Danaher during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher in the second quarter worth about $25,000. JPL Wealth Management LLC purchased a new stake in shares of Danaher in the third quarter worth about $25,000. WFA of San Diego LLC bought a new position in shares of Danaher in the second quarter valued at approximately $26,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Danaher in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DHR. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Argus cut their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 24th. DZ Bank began coverage on shares of Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of Danaher in a report on Wednesday, July 22nd. Finally, Citigroup began coverage on Danaher in a research report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and an average price target of $228.91.

Danaher Trading Up 2.2%

Shares of DHR opened at $216.14 on Friday. Danaher Corporation has a 1-year low of $160.93 and a 1-year high of $242.80. The company has a market capitalization 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. 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 firm’s 50 day simple moving average is $195.01 and its 200 day simple moving average is $192.43.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. Sell-side analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

About Danaher

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.