Jefferies Financial Group Inc. Makes New Investment in Danaher Corporation $DHR

Jefferies Financial Group Inc. acquired a new stake in shares of Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,327 shares of the conglomerate’s stock, valued at approximately $1,586,000.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Danaher in the 2nd quarter valued at $10,492,520,000. Norges Bank acquired a new position in Danaher during the fourth quarter worth $2,177,106,000. Jupiter Topco LLC bought a new position in shares of Danaher during the second quarter valued at $1,456,317,000. Generation Investment Management LLP bought a new stake in shares of Danaher in the 2nd quarter worth about $1,287,949,000. Finally, Bank of America Corp DE bought a new stake in shares of Danaher in the 2nd quarter worth about $993,846,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on DHR shares. Stifel Nicolaus reduced their price target on shares of Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their price target on 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 began coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective on the stock. Evercore reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Danaher in a report on Monday, July 6th. Finally, HSBC decreased their price objective on shares of Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Danaher has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Performance

Danaher stock opened at $216.41 on Friday. The company has a market cap of $152.13 billion, a PE ratio of 38.44, a PEG ratio of 2.69 and a beta of 0.78. 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 Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company’s 50-day moving average is $199.46 and its two-hundred day moving average is $192.52.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.77 earnings per share. Equities analysts anticipate that Danaher Corporation will post 8.53 earnings per share for the current year.

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.