Polar Asset Management Partners Inc. Invests $11.39 Million in Danaher Corporation $DHR

Polar Asset Management Partners Inc. acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the second quarter, HoldingsChannel reports. The fund acquired 59,800 shares of the conglomerate’s stock, valued at approximately $11,391,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in Danaher during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Danaher in the 2nd quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in shares of Danaher in the 3rd quarter valued at approximately $25,000. WFA of San Diego LLC bought a new position in Danaher during the 2nd quarter worth approximately $26,000. Finally, Hilton Head Capital Partners LLC bought a new position in Danaher during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DHR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price on shares of Danaher in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Citigroup started coverage on shares of Danaher in a research report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. One equities 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Performance

Shares of DHR opened at $215.78 on Wednesday. The stock has a market capitalization of $151.69 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.68 and a beta of 0.78. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The firm has a fifty day simple moving average of $197.17 and a 200 day simple moving average of $192.36. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the business earned $0.77 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Danaher Corporation will post 8.53 EPS for the current fiscal 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.