Jones Financial Companies Lllp Makes New Investment in Danaher Corporation $DHR

Jones Financial Companies Lllp bought a new stake in Danaher Corporation (NYSE:DHR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 34,339 shares of the conglomerate’s stock, valued at approximately $6,541,000.

A number of other hedge funds have also recently added to or reduced their stakes in DHR. Van Hulzen Asset Management LLC bought a new position in shares of Danaher in the 2nd quarter worth $621,000. Broad Run Investment Management LLC bought a new stake in Danaher during the 2nd quarter valued at $13,512,000. Fiduciary Financial Advisors bought a new stake in Danaher during the 2nd quarter valued at $53,000. Tandem Financial LLC acquired a new position in Danaher during the second quarter worth $7,375,000. Finally, Granger Management LLC acquired a new position in Danaher during the second quarter worth $247,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DHR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price objective on shares of Danaher in a report on Wednesday, July 22nd. Stifel Nicolaus dropped 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. HSBC cut their price target 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. Wolfe Research downgraded Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. Finally, TD Cowen dropped their price target on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.91.

Danaher Trading Down 1.7%

Shares of DHR stock opened at $215.18 on Tuesday. 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 12-month low of $160.93 and a 12-month high of $242.80. The business has a 50-day moving average price of $196.49 and a two-hundred day moving average price of $192.39. The firm has a market cap of $151.27 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78.

Danaher (NYSE:DHR) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. The company 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Equities analysts anticipate that Danaher Corporation will post 8.53 EPS for the current fiscal 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.