Westpac Banking Corp Purchases Shares of 2,779 Danaher Corporation $DHR

by · The Markets Daily

Westpac Banking Corp purchased a new stake in Danaher Corporation (NYSE:DHR – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,779 shares of the conglomerate’s stock, valued at approximately $2,001,000.

Several other large investors have also recently modified their holdings of DHR. Iyo Bank Ltd. acquired a new stake in Danaher in the second quarter valued at approximately $3,116,000. TRB Wealth Management LLC acquired a new stake in shares of Danaher in the 2nd quarter worth $460,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Danaher in the 2nd quarter worth $1,255,000. Landscape Capital Management L.L.C. acquired a new position in Danaher during the 2nd quarter valued at about $545,000. Finally, Korea Investment CORP acquired a new position in Danaher during the 2nd quarter valued at about $79,057,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several recent analyst reports. Wall Street Zen downgraded Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup began 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. TD Cowen cut their target price on Danaher from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. HSBC reduced their target price on Danaher from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of Danaher in a research report 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.91.

Check Out Our Latest Research Report on DHR

Danaher Stock Performance

NYSE:DHR opened at $219.42 on Friday. The company has a market cap of $154.25 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.69 and a beta of 0.78. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company’s 50-day moving average price is $195.80 and its 200-day moving average price is $192.61. 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 – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. Danaher had a return on equity of 11.04% and a net margin of 15.95%.The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. On average, sell-side analysts forecast that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Company Profile

(Free Report)

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.

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