Jupiter Topco LLC Purchases Shares of 7,645,709 Danaher Corporation $DHR

Jupiter Topco LLC purchased a new position in shares of Danaher Corporation (NYSE:DHR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 7,645,709 shares of the conglomerate’s stock, valued at approximately $1,456,317,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Danaher during the second quarter worth about $10,492,520,000. Norges Bank acquired a new stake in Danaher in the 4th quarter worth about $2,177,106,000. Generation Investment Management LLP purchased a new stake in Danaher in the 2nd quarter valued at about $1,287,949,000. Legal & General Group Plc purchased a new stake in Danaher in the 2nd quarter valued at about $801,056,000. Finally, Flossbach Von Storch SE acquired a new position in shares of Danaher during the 2nd quarter valued at about $747,260,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Danaher from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wolfe Research lowered shares of Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of Danaher in a research note on Wednesday, July 22nd. TD Cowen decreased their price target on shares of Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Citigroup assumed coverage on shares of Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Up 0.3%

Shares of NYSE DHR opened at $215.78 on Wednesday. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a market cap of $151.69 billion, a P/E ratio of 38.33, a P/E/G ratio of 2.68 and a beta of 0.78. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $197.17 and a 200 day moving average price of $192.36.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. The company 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 firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Research analysts anticipate that Danaher Corporation will post 8.53 EPS for the current fiscal 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.