Patron Partners LLC Invests $1.95 Million in Danaher Corporation $DHR

Patron Partners LLC bought a new position in Danaher Corporation (NYSE:DHR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,705 shares of the conglomerate’s stock, valued at approximately $1,948,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Danaher during the second quarter worth about $10,492,520,000. Norges Bank bought a new position in shares of Danaher during the 4th quarter valued at about $2,177,106,000. Generation Investment Management LLP purchased a new position in shares of Danaher during the 2nd quarter valued at about $1,287,949,000. Flossbach Von Storch SE purchased a new position in shares of Danaher during the 2nd quarter valued at about $747,260,000. Finally, Bank of New York Mellon Corp bought a new stake in Danaher in the 2nd quarter worth approximately $712,875,000. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

DHR has been the subject of several research reports. TD Cowen cut their target price on Danaher from $240.00 to $236.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. DZ Bank started coverage on shares of Danaher in a report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective for the company. Wall Street Zen cut shares of Danaher from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Danaher in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Danaher from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.91.

Danaher Stock Performance

Shares of DHR stock opened at $219.42 on Friday. The company has a market capitalization of $154.25 billion, a P/E ratio of 38.97, a PEG ratio of 2.69 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 debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. The stock has a 50 day moving average price of $195.80 and a two-hundred day moving average price of $192.61.

Danaher (NYSE:DHR) last issued its earnings results 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 firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Analysts expect 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.