Mmbg Investment Advisors CO. Buys Shares of 21,570 Danaher Corporation $DHR

Mmbg Investment Advisors CO. bought a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 21,570 shares of the conglomerate’s stock, valued at approximately $4,117,000.

Other large investors have also modified their holdings of the company. Main Street Group LTD purchased a new position in Danaher in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in Danaher during the 2nd quarter worth $25,000. JPL Wealth Management LLC purchased a new position in Danaher during the 3rd quarter worth $25,000. WFA of San Diego LLC acquired a new stake in shares of Danaher in the 2nd quarter worth $26,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Danaher in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Trading Up 6.2%

Shares of DHR opened at $211.92 on Thursday. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $148.98 billion, a P/E ratio of 37.64, a PEG ratio of 2.49 and a beta of 0.78. The firm’s 50-day moving average is $194.30 and its two-hundred day moving average is $192.44.

Danaher (NYSE:DHR) last released its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DHR shares. Stifel Nicolaus reduced their price objective 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. Wells Fargo & Company dropped their target price 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. Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Guggenheim reduced their price target on Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup initiated coverage on Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

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.