Clear Harbor Asset Management LLC Buys Shares of 66,170 Danaher Corporation $DHR

Clear Harbor Asset Management LLC purchased a new position in shares of Danaher Corporation (NYSE:DHR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 66,170 shares of the conglomerate’s stock, valued at approximately $12,604,000. Danaher makes up about 0.8% of Clear Harbor Asset Management LLC’s holdings, making the stock its 24th biggest position.

A number of other institutional investors also recently made changes to their positions in the stock. Main Street Group LTD bought a new position in shares of Danaher in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Danaher during the second quarter worth approximately $25,000. JPL Wealth Management LLC acquired a new stake in Danaher in the third quarter worth approximately $25,000. WFA of San Diego LLC acquired a new stake in Danaher in the second quarter worth approximately $26,000. Finally, Hilton Head Capital Partners LLC bought a new position in Danaher during the 4th quarter valued at $27,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHR has been the topic of several research analyst reports. TD Cowen lowered their price target on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Weiss Ratings raised Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of Danaher in a report on Wednesday, July 22nd. Finally, DZ Bank assumed coverage on shares of Danaher in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Trading Up 1.6%

Danaher stock opened at $219.42 on Friday. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The firm has a market capitalization of $154.25 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 2.72 and a beta of 0.78. The company has a 50 day moving average price of $195.80 and a 200 day moving average price of $192.61.

Danaher (NYSE:DHR) last announced its earnings results 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. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Research analysts forecast that Danaher Corporation will post 8.53 EPS for the current year.

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.