Energy Income Partners LLC Takes $66.76 Million Position in Danaher Corporation $DHR

Energy Income Partners LLC bought a new position in Danaher Corporation (NYSE:DHR) in the second quarter, Holdings Channel reports. The firm bought 92,723 shares of the conglomerate’s stock, valued at approximately $66,764,000.

Several other institutional investors and hedge funds have also bought and sold shares of DHR. Meeder Asset Management Inc. acquired a new stake in shares of Danaher in the second quarter worth $44,000. MidFirst Bank acquired a new position in Danaher during the second quarter valued at $46,000. Bell Investment Advisors Inc acquired a new position in Danaher during the second quarter valued at $47,000. State of Wyoming purchased a new stake in Danaher in the second quarter valued at $74,000. Finally, Elevated Capital Advisors LLC acquired a new stake in Danaher during the 4th quarter worth about $26,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research cut Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Danaher in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of Danaher in a research report on Wednesday, July 22nd. TD Cowen decreased their price target on Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $245.00 price objective on shares of Danaher in a research report 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 given a Hold rating to the company. Based on data from MarketBeat, Danaher has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Trading Down 1.5%

Shares of Danaher stock opened at $199.62 on Wednesday. The firm has a 50-day simple moving average of $193.74 and a two-hundred day simple moving average of $192.50. 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 fifty-two week low of $160.93 and a fifty-two week high of $242.80. The company has a market cap of $140.33 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.78.

Danaher (NYSE:DHR) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. The firm had revenue of $6.26 billion for 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%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. As a group, equities analysts predict 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.