OMERS ADMINISTRATION Corp Acquires New Holdings in Danaher Corporation $DHR

OMERS ADMINISTRATION Corp purchased a new stake in Danaher Corporation (NYSE:DHR) during the second quarter, HoldingsChannel.com reports. The fund purchased 61,949 shares of the conglomerate’s stock, valued at approximately $11,800,000.

Several other large investors have also made changes to their positions in the business. Main Street Group LTD acquired a new position in shares of Danaher during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Danaher in the second quarter valued at $25,000. JPL Wealth Management LLC bought a new position in Danaher in the third quarter worth $25,000. WFA of San Diego LLC acquired a new stake in Danaher during the second quarter worth $26,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Danaher during the fourth quarter worth $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Up 0.3%

Shares of DHR opened at $219.42 on Monday. The business’s 50 day simple moving average is $195.80 and its 200-day simple moving average is $192.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The company has a market capitalization of $154.25 billion, a P/E ratio of 38.97, a PEG ratio of 2.72 and a beta of 0.78. Danaher Corporation has a one year low of $160.93 and a one year high of $242.80.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DHR shares. Piper Sandler initiated coverage on shares of Danaher in a research note on Thursday, June 11th. They issued a “neutral” rating and a $200.00 price objective for the company. Weiss Ratings upgraded shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their target price on shares of Danaher from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. 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 for the company. Finally, Stifel Nicolaus cut their price target on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.