OVERSEA CHINESE BANKING Corp Ltd Invests $2.06 Million in Danaher Corporation $DHR

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 10,799 shares of the conglomerate’s stock, valued at approximately $2,055,000.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Danaher in the 2nd quarter worth about $10,492,520,000. Norges Bank purchased a new stake in shares of Danaher during the 4th quarter worth about $2,177,106,000. Generation Investment Management LLP acquired a new stake in shares of Danaher during the 2nd quarter valued at about $1,287,949,000. Flossbach Von Storch SE acquired a new stake in shares of Danaher during the 2nd quarter valued at about $747,260,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Danaher in the 2nd quarter valued at approximately $712,875,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Performance

Shares of NYSE DHR opened at $216.14 on Friday. The business’s 50-day simple moving average is $195.01 and its 200-day simple moving average is $192.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The firm has a market cap of $151.94 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 2.63 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 for the quarter, topping the consensus estimate of $1.85 by $0.09. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. As a group, equities research analysts expect that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. 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 research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target on shares of Danaher in a research note on Wednesday, July 22nd. Finally, TD Cowen cut their price target on shares of Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.