OMERS ADMINISTRATION Corp Takes Position in Danaher Corporation $DHR

OMERS ADMINISTRATION Corp purchased a new position in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,345 shares of the conglomerate’s stock, valued at approximately $6,729,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD bought a new stake in shares of Danaher during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Danaher during the second quarter worth $25,000. JPL Wealth Management LLC bought a new stake in Danaher in the third quarter valued at about $25,000. WFA of San Diego LLC acquired a new position in Danaher in the second quarter valued at about $26,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Danaher in the fourth quarter valued at about $27,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHR has been the subject of several analyst reports. Piper Sandler began coverage on Danaher in a research report on Thursday, June 11th. They set a “neutral” rating and a $200.00 target price for the company. Citigroup assumed coverage on Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price for the company. Wolfe Research downgraded Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. HSBC cut their price objective on Danaher from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada raised their target price on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Performance

DHR opened at $215.18 on Tuesday. The company has a market capitalization of $151.27 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.72 and a beta of 0.78. The business’s 50-day moving average price is $196.49 and its two-hundred day moving average price is $192.39. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25.

Danaher (NYSE:DHR) last posted 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 company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.Danaher’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities analysts expect 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.