Danaher Corporation $DHR Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of Danaher Corporation (NYSE:DHR) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,926 shares of the conglomerate’s stock after purchasing an additional 23,039 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Danaher were worth $70,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Portland Global Advisors LLC acquired a new position in shares of Danaher during the 4th quarter worth approximately $211,000. Rockline Wealth Management LLC acquired a new position in shares of Danaher during the 4th quarter worth approximately $200,000. Founders Financial Securities LLC acquired a new position in shares of Danaher during the 4th quarter worth approximately $205,000. Bantamac Capital LLC raised its position in shares of Danaher by 66.5% during the 4th quarter. Bantamac Capital LLC now owns 5,000 shares of the conglomerate’s stock worth $1,145,000 after purchasing an additional 1,997 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its position in shares of Danaher by 4,366.1% during the 4th quarter. MUFG Securities EMEA plc now owns 544,772 shares of the conglomerate’s stock worth $124,709,000 after purchasing an additional 532,574 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHR has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Argus lowered their target price on shares of Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Wells Fargo & Company lowered their target price on shares of Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Citigroup initiated coverage on shares of Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price for the company. Finally, TD Cowen lowered their target price on shares of Danaher from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Twenty research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.24.

Danaher Stock Up 1.2%

Shares of NYSE DHR opened at $182.73 on Friday. Danaher Corporation has a 52-week low of $160.93 and a 52-week high of $242.80. The firm has a fifty day moving average of $182.11 and a 200-day moving average of $207.48. The stock has a market capitalization of $129.33 billion, a PE ratio of 35.34, a P/E/G ratio of 2.44 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company earned $1.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Danaher’s payout ratio is currently 30.95%.

About Danaher

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.