3,926 Shares in Danaher Corporation $DHR Bought by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in shares of Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,926 shares of the conglomerate’s stock, valued at approximately $2,810,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHR. Main Street Group LTD acquired a new position in Danaher during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Danaher in the 2nd quarter valued at $25,000. JPL Wealth Management LLC bought a new position in Danaher in the third quarter valued at about $25,000. Elevated Capital Advisors LLC bought a new position in shares of Danaher in the fourth quarter worth about $26,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Danaher in the 2nd quarter valued at approximately $26,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler initiated coverage on shares of Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective for the company. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Citigroup assumed coverage on Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price for the company. Royal Bank Of Canada boosted their price target on Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, UBS Group lowered their price objective on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average price target of $228.91.

Danaher Price Performance

Danaher stock opened at $202.51 on Monday. The stock’s 50 day moving average is $193.14 and its 200 day moving average is $192.91. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80. The firm has a market cap of $142.37 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.52 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 earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect 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.