Danaher Corporation $DHR Shares Purchased by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in shares of Danaher Corporation (NYSE:DHR) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,736 shares of the conglomerate’s stock after acquiring an additional 2,519 shares during the period. Arizona State Retirement System’s holdings in Danaher were worth $33,665,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Lipe & Dalton increased its holdings in shares of Danaher by 4.4% in the second quarter. Lipe & Dalton now owns 21,358 shares of the conglomerate’s stock valued at $4,068,000 after purchasing an additional 900 shares during the last quarter. Empirical Finance LLC boosted its stake in Danaher by 3.3% during the second quarter. Empirical Finance LLC now owns 22,703 shares of the conglomerate’s stock worth $4,324,000 after buying an additional 726 shares during the last quarter. Nykredit A S purchased a new stake in Danaher in the 2nd quarter valued at $30,377,000. Amundi increased its stake in shares of Danaher by 10.4% in the 2nd quarter. Amundi now owns 2,883,536 shares of the conglomerate’s stock worth $549,256,000 after acquiring an additional 272,444 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Danaher by 18,856.0% during the 2nd quarter. California State Teachers Retirement System now owns 184,571,691 shares of the conglomerate’s stock worth $35,157,216,000 after acquiring an additional 183,598,005 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHR has been the subject of a number of analyst reports. Evercore reissued an “outperform” rating and issued a $230.00 price objective on shares of Danaher in a report on Monday, July 6th. Guggenheim decreased their target price on shares of Danaher from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price target on shares of Danaher in a research note on Wednesday, July 22nd. Wolfe Research downgraded shares of Danaher from an “outperform” rating to a “peer perform” rating in a report on Monday, June 1st. Finally, 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. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Trading Down 1.2%

Shares of NYSE:DHR traded down $2.43 during midday trading on Tuesday, reaching $205.23. 3,276,292 shares of the company’s stock were exchanged, compared to its average volume of 4,466,724. The firm’s 50 day simple moving average is $202.03 and its two-hundred day simple moving average is $192.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.65 and a quick ratio of 1.25. The stock has a market cap of $144.28 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 2.59 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.

Danaher (NYSE:DHR) last posted its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating 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 net margin of 15.95% and a return on equity of 11.04%. Danaher’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, sell-side analysts forecast 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.