Manitou Investment Management Ltd. Buys 4,345 Shares of Danaher Corporation $DHR

Manitou Investment Management Ltd. lifted its stake in Danaher Corporation (NYSE:DHR) by 76.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,049 shares of the conglomerate’s stock after acquiring an additional 4,345 shares during the quarter. Danaher makes up approximately 0.4% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 17th largest position. Manitou Investment Management Ltd.’s holdings in Danaher were worth $1,914,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in Danaher by 303.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248,020 shares of the conglomerate’s stock worth $56,777,000 after buying an additional 186,584 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Danaher in the fourth quarter valued at approximately $4,477,000. Legal & General Group Plc boosted its stake in shares of Danaher by 1.0% during the 4th quarter. Legal & General Group Plc now owns 4,495,287 shares of the conglomerate’s stock worth $1,029,061,000 after acquiring an additional 43,169 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Danaher by 220.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 674,373 shares of the conglomerate’s stock worth $154,377,000 after acquiring an additional 463,764 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Danaher by 12.2% in the 4th quarter. Whittier Trust Co. now owns 292,894 shares of the conglomerate’s stock valued at $69,296,000 after acquiring an additional 31,790 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Barclays cut their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Robert W. Baird reduced their target price on shares of Danaher from $251.00 to $249.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price target on shares of Danaher in a report on Wednesday, July 22nd. Finally, DZ Bank began coverage on shares of Danaher in a research report on Wednesday, June 3rd. They set a “buy” rating and a $210.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.91.

Danaher Stock Performance

NYSE DHR opened at $200.01 on Friday. The firm has a 50-day moving average price of $190.23 and a two-hundred day moving average price of $194.24. 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 $140.61 billion, a P/E ratio of 35.53, a P/E/G ratio of 2.49 and a beta of 0.78. 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 earnings results on Monday, July 20th. The conglomerate reported $1.94 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 period last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate 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.