Plato Investment Management Ltd Makes New Investment in Danaher Corporation $DHR

Plato Investment Management Ltd purchased a new stake in shares of Danaher Corporation (NYSE:DHR) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 17,251 shares of the conglomerate’s stock, valued at approximately $3,267,000.

Other hedge funds have also made changes to their positions in the company. Main Street Group LTD acquired a new position in Danaher during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in Danaher during the second quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in shares of Danaher in the third quarter worth $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher during the 4th quarter valued at about $26,000. Finally, WFA of San Diego LLC bought a new stake in Danaher in the second quarter worth $26,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Price Performance

NYSE:DHR opened at $202.51 on Monday. The firm has a market cap of $142.37 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78. The company’s 50-day moving average price is $193.14 and its two-hundred day moving average price is $192.91. 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.

Danaher (NYSE:DHR) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the business earned $0.77 EPS. Danaher’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DHR. JPMorgan Chase & Co. decreased their price objective on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Morgan Stanley cut their price target on Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings upgraded Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. TD Cowen decreased their price objective on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. One equities 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’s stock. Based on data from MarketBeat.com, Danaher currently has a consensus rating of “Moderate Buy” and a consensus target price 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.