North Star Asset Management Inc. Takes Position in Danaher Corporation $DHR

North Star Asset Management Inc. purchased a new stake in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, Holdings Channel reports. The fund purchased 122,973 shares of the conglomerate’s stock, valued at approximately $23,424,000.

Several other large investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of Danaher in the 3rd quarter worth approximately $25,000. Main Street Group LTD bought a new position in Danaher in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in Danaher in the 2nd quarter valued at $25,000. WFA of San Diego LLC acquired a new position in Danaher in the second quarter worth $26,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Danaher during the fourth quarter worth $27,000. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHR has been the topic of a number of recent research reports. Citigroup began coverage on Danaher in a research report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price objective on the stock. Stifel Nicolaus decreased their price objective on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Guggenheim reduced their price target on shares of Danaher from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. DZ Bank initiated coverage on shares of Danaher in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective for the company. Finally, Weiss Ratings raised Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Trading Up 0.2%

Shares of Danaher stock opened at $215.74 on Friday. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $198.69 and its 200-day moving average is $192.35. The stock has a market cap of $151.67 billion, a P/E ratio of 38.32, a P/E/G ratio of 2.68 and a beta of 0.78.

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