Pallas Capital Advisors LLC Acquires Shares of 9,499 Danaher Corporation $DHR

Pallas Capital Advisors LLC acquired a new stake in Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 9,499 shares of the conglomerate’s stock, valued at approximately $6,840,000.

A number of other hedge funds have also recently modified their holdings of the stock. Main Street Group LTD acquired a new stake in Danaher during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Danaher in the 2nd quarter worth approximately $25,000. JPL Wealth Management LLC purchased a new stake in Danaher in the 3rd quarter worth approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher during the 4th quarter worth approximately $26,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Danaher during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Danaher Price Performance

Shares of NYSE DHR opened at $202.44 on Tuesday. The firm has a market cap of $142.31 billion, a PE ratio of 35.96, a PEG ratio of 2.52 and a beta of 0.78. The firm has a fifty day moving average of $193.52 and a 200 day moving average of $192.67. 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 Corporation has a one year low of $160.93 and a one year high of $242.80.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Danaher from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Stifel Nicolaus cut 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. Evercore reiterated an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a research report on Monday, July 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set 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 given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.