Nomura Asset Management Co. Ltd. increased its holdings in shares of Danaher Corporation (NYSE:DHR – Free Report) by 8.1% in the fourth quarter, Holdings Channel reports. The firm owned 308,926 shares of the conglomerate’s stock after acquiring 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.
Other institutional investors have also recently added to or reduced their stakes in the company. Tyche Wealth Partners LLC acquired a new position in Danaher in the 3rd quarter worth $462,000. Bank Pictet & Cie Europe AG lifted its holdings in Danaher by 25.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock worth $83,895,000 after buying an additional 74,301 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock worth $131,784,000 after buying an additional 18,744 shares in the last quarter. Guinness Asset Management LTD lifted its holdings in Danaher by 13.7% in the 3rd quarter. Guinness Asset Management LTD now owns 223,570 shares of the conglomerate’s stock worth $41,597,000 after buying an additional 26,896 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Danaher by 896.1% in the 3rd quarter. AlphaQuest LLC now owns 5,598 shares of the conglomerate’s stock worth $1,110,000 after buying an additional 5,036 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Evercore boosted their price objective on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Danaher from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wolfe Research cut their price objective on shares of Danaher from $260.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Twenty analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.24.
Danaher Stock Performance
Shares of Danaher stock opened at $182.73 on Friday. The firm has a market cap of $129.33 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. The firm’s 50-day simple moving average is $182.11 and its 200-day simple moving average is $207.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80.
Danaher (NYSE:DHR – Get Free Report) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Equities analysts forecast that Danaher Corporation will post 8.43 earnings per share for the current fiscal year.
Danaher Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, June 26th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio is 30.95%.
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.
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