45,717 Shares in Danaher Corporation $DHR Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of Danaher Corporation (NYSE:DHR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 45,717 shares of the conglomerate’s stock, valued at approximately $32,918,000.

A number of other large investors also recently made changes to their positions in the business. Main Street Group LTD purchased a new position in Danaher during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in Danaher in the 2nd quarter worth approximately $25,000. JPL Wealth Management LLC acquired a new stake in shares of Danaher during the 3rd quarter valued at $25,000. WFA of San Diego LLC purchased a new position in shares of Danaher during the 2nd quarter valued at $26,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Danaher during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Trading Up 0.3%

Shares of NYSE:DHR opened at $216.41 on Friday. The stock has a market capitalization of $152.13 billion, a PE ratio of 38.44, a P/E/G ratio of 2.69 and a beta of 0.78. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. The firm has a fifty day moving average price of $199.46 and a 200 day moving average price of $192.52. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, topping 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DHR. Evercore reiterated an “outperform” rating and set a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Wolfe Research lowered Danaher from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 1st. Citigroup initiated coverage on Danaher in a research note on Tuesday, May 26th. They set a “buy” rating and a $230.00 price target for the company. TD Cowen reduced 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, Guggenheim lowered their price target on Danaher from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. One equities 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. Based on data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $228.91.

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.