Flputnam Investment Management Co. Takes $2.74 Million Position in Danaher Corporation $DHR

Flputnam Investment Management Co. purchased a new position in Danaher Corporation (NYSE:DHR) in the second quarter, HoldingsChannel reports. The fund purchased 14,389 shares of the conglomerate’s stock, valued at approximately $2,741,000.

A number of other large investors have also recently added to or reduced their stakes in DHR. Global Retirement Partners LLC acquired a new position in Danaher during the 2nd quarter worth $1,583,000. 1ST Source Bank acquired a new stake in shares of Danaher in the 2nd quarter valued at about $3,491,000. Fielder Capital Group LLC bought a new position in shares of Danaher during the second quarter worth about $1,140,000. SCS Capital Management LLC bought a new position in shares of Danaher during the second quarter worth about $3,598,000. Finally, Geneva Capital Management LLC acquired a new position in Danaher in the second quarter worth about $585,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHR has been the subject of several research reports. Weiss Ratings upgraded Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. TD Cowen decreased their price objective on shares of Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on shares of Danaher from $212.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Stifel Nicolaus decreased their price target on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Evercore reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Danaher in a research report on Monday, July 6th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $228.91.

Danaher Price Performance

Shares of NYSE DHR opened at $202.51 on Monday. The firm’s 50-day simple moving average is $193.14 and its 200 day simple moving average is $192.91. The stock has a market cap of $142.37 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.52 and a beta of 0.78. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. 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 announced its quarterly earnings data on Monday, July 20th. The conglomerate reported $1.94 earnings per share (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 company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Danaher Corporation will post 8.53 EPS for the current year.

Danaher Company 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.