Haverford Trust Co Purchases Shares of 11,763 Danaher Corporation $DHR

Haverford Trust Co acquired a new stake in shares of Danaher Corporation (NYSE:DHR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 11,763 shares of the conglomerate’s stock, valued at approximately $2,241,000.

Several other hedge funds also recently made changes to their positions in the business. Clear Harbor Asset Management LLC acquired a new stake in Danaher during the second quarter valued at approximately $377,000. First Nebraska Trust Co acquired a new position in Danaher in the second quarter worth approximately $14,106,000. Bank of Nova Scotia acquired a new position in Danaher in the second quarter worth approximately $24,178,000. Kirtland Hills Capital Management LLC bought a new position in shares of Danaher in the second quarter valued at $1,466,000. Finally, Compass Financial Management LLC bought a new position in shares of Danaher in the second quarter valued at $145,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective on Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus cut their target price on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Guggenheim reduced their target price on Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Finally, Wells Fargo & Company dropped their price target on Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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. The company has a 50 day moving average price of $195.80 and a 200 day moving average price of $192.61. 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.

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