Osmosis Investment Management UK Ltd Makes New Investment in Danaher Corporation $DHR

Osmosis Investment Management UK Ltd purchased a new position in shares of Danaher Corporation (NYSE:DHR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,240 shares of the conglomerate’s stock, valued at approximately $617,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DHR. Meeder Asset Management Inc. purchased a new stake in shares of Danaher during the 2nd quarter valued at approximately $44,000. MidFirst Bank purchased a new position in Danaher in the second quarter worth approximately $46,000. Bell Investment Advisors Inc acquired a new stake in Danaher during the second quarter worth $47,000. Solstein Capital LLC acquired a new stake in Danaher during the second quarter worth $58,000. Finally, State of Wyoming purchased a new stake in Danaher in the second quarter valued at $74,000. 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 analyst reports. Citigroup initiated coverage on Danaher in a report on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target for the company. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Danaher in a research report on Monday, July 6th. Wells Fargo & Company lowered 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 note on Wednesday, July 22nd. Finally, DZ Bank started 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. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Trading Up 0.3%

Shares of NYSE DHR opened at $215.78 on Wednesday. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $197.17 and a 200-day simple moving average of $192.36. The stock has a market capitalization of $151.69 billion, a PE ratio of 38.33, a PEG ratio of 2.68 and a beta of 0.78.

Danaher (NYSE:DHR) last posted 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 return on equity of 11.04% and a net margin of 15.95%.The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Danaher’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current 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.