Jones Financial Companies Lllp Takes Position in Danaher Corporation $DHR

Jones Financial Companies Lllp bought a new position in Danaher Corporation (NYSE:DHR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 34,339 shares of the conglomerate’s stock, valued at approximately $6,541,000.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DHR. Stifel Nicolaus cut their target price on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Piper Sandler started coverage on Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price on shares of Danaher in a report on Wednesday, July 22nd. Weiss Ratings raised Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Finally, TD Cowen cut their price objective on Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a research note 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’s stock. According to MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Trading Down 1.7%

Shares of Danaher 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 twelve month low of $160.93 and a twelve month high of $242.80. The business has a 50-day moving average price of $196.49 and a 200-day moving average price of $192.39. The firm has a market cap of $151.27 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.72 and a beta of 0.78.

Danaher (NYSE:DHR) last released its quarterly earnings results 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 company 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%. Danaher’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Equities research analysts anticipate 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.