Jefferies Financial Group Inc. Takes Position in Danaher Corporation $DHR

Jefferies Financial Group Inc. acquired a new position in Danaher Corporation (NYSE:DHR) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 6,241 shares of the conglomerate’s stock, valued at approximately $4,494,000.

A number of other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Danaher during the second quarter worth $41,194,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in Danaher during the 2nd quarter worth about $2,711,000. PenderFund Capital Management Ltd. bought a new position in shares of Danaher in the 2nd quarter valued at about $752,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Danaher during the 2nd quarter worth approximately $216,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Danaher during the second quarter worth approximately $133,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DHR shares. Stifel Nicolaus cut their price target on Danaher from $260.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and set a $230.00 target price on shares of Danaher in a report on Monday, July 6th. Wells Fargo & Company lowered their price objective on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. 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. Finally, Wolfe Research cut shares of Danaher from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 1st. One equities 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.91.

Danaher Trading Up 0.3%

Shares of DHR stock opened at $216.41 on Friday. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80. The company has a market capitalization of $152.13 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78. The firm has a 50 day moving average price of $199.46 and a two-hundred day moving average price of $192.52. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48.

Danaher (NYSE:DHR) last released its quarterly 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 business had revenue of $6.26 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.77 EPS. As a group, analysts predict that Danaher Corporation will post 8.53 earnings per share 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.