Tocqueville Asset Management L.P. Acquires Shares of 17,540 Danaher Corporation $DHR

Tocqueville Asset Management L.P. bought a new position in Danaher Corporation (NYSE:DHR) during the 2nd quarter, Holdings Channel reports. The fund bought 17,540 shares of the conglomerate’s stock, valued at approximately $12,630,000.

A number of other hedge funds also recently made changes to their positions in the company. one8zero8 LLC bought a new position in Danaher during the second quarter valued at approximately $3,257,000. Kentucky Farm Bureau Mutual Insurance Co purchased a new position in Danaher during the 2nd quarter valued at approximately $1,905,000. Addison Advisors LLC bought a new stake in Danaher in the 2nd quarter worth approximately $143,000. Mmbg Investment Advisors CO. bought a new stake in Danaher in the 2nd quarter worth approximately $4,117,000. Finally, West Family Investments Inc. purchased a new stake in shares of Danaher during the 2nd quarter worth approximately $230,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Danaher Price Performance

NYSE:DHR opened at $211.92 on Thursday. The firm has a market capitalization of $148.98 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.49 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 business has a 50 day simple moving average of $194.30 and a 200-day simple moving average of $192.44. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.

Danaher (NYSE:DHR) last released its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, beating 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 the consensus estimate of $6.12 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research downgraded Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. Argus decreased their price target on shares of Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group lowered their price objective on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company dropped their price objective 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. One 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. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Company 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.