Edmond DE Rothschild Holding S.A. Invests $2.86 Million in Danaher Corporation $DHR

Edmond DE Rothschild Holding S.A. bought a new position in Danaher Corporation (NYSE:DHR) during the second quarter, Holdings Channel reports. The firm bought 15,014 shares of the conglomerate’s stock, valued at approximately $2,860,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Main Street Group LTD bought a new stake in Danaher in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Danaher during the 2nd quarter worth approximately $25,000. JPL Wealth Management LLC bought a new position in shares of Danaher during the 3rd quarter valued at approximately $25,000. WFA of San Diego LLC purchased a new position in shares of Danaher in the second quarter valued at $26,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Danaher in the fourth quarter worth $27,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHR has been the topic of a number of recent research reports. Citigroup started coverage on shares of Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target on the stock. Royal Bank Of Canada boosted their target price on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler assumed coverage on shares of Danaher in a report on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price target for the company. Finally, Guggenheim dropped their price target on Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Up 2.2%

NYSE DHR opened at $216.14 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The firm has a market capitalization of $151.94 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.63 and a beta of 0.78. The company has a fifty day moving average of $195.01 and a two-hundred day moving average of $192.43.

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