325,142 Shares in Danaher Corporation $DHR Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,142 shares of the conglomerate’s stock, valued at approximately $61,933,000.

Several other hedge funds have also recently made changes to their positions in DHR. Pointe Capital Management LLC acquired a new position in Danaher in the 2nd quarter worth approximately $403,000. Odyssean LLC purchased a new position in Danaher during the 2nd quarter worth approximately $1,146,000. Man Group plc acquired a new stake in Danaher during the 2nd quarter valued at approximately $13,980,000. First Bancorp Inc ME purchased a new stake in shares of Danaher in the 2nd quarter valued at $160,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Danaher in the 2nd quarter valued at $11,391,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Danaher Stock Performance

DHR opened at $215.74 on Friday. The firm has a fifty day moving average price of $198.69 and a 200 day moving average price of $192.35. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The stock has a market cap of $151.67 billion, a P/E ratio of 38.32, a P/E/G ratio of 2.68 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.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business earned $0.77 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DHR shares. Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They set a “neutral” rating and a $200.00 target price 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. Royal Bank Of Canada increased their price target on Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. HSBC reduced their price objective on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Weiss Ratings upgraded Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

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.