Kirtland Hills Capital Management LLC Makes New Investment in Danaher Corporation $DHR

Kirtland Hills Capital Management LLC purchased a new position in Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 7,697 shares of the conglomerate’s stock, valued at approximately $1,466,000.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Danaher in the second quarter worth about $10,492,520,000. Norges Bank acquired a new position in Danaher during the 4th quarter valued at about $2,177,106,000. Generation Investment Management LLP bought a new stake in shares of Danaher during the 2nd quarter worth about $1,287,949,000. Flossbach Von Storch SE bought a new stake in shares of Danaher during the 2nd quarter worth about $747,260,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Danaher in the 2nd quarter worth approximately $712,875,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on DHR shares. TD Cowen decreased their price objective on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a 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 for the company in a research note on Wednesday, July 22nd. Piper Sandler assumed coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 price target on the stock. Citigroup assumed coverage on Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective for the company. Finally, HSBC decreased their target price on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.91.

Danaher Price Performance

NYSE DHR opened at $219.42 on Friday. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The business’s fifty day moving average is $195.80 and its two-hundred day moving average is $192.61. The stock has a market capitalization of $154.25 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65.

Danaher (NYSE:DHR) last released its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. On average, research analysts forecast that Danaher Corporation will post 8.53 earnings per share 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.