Nissay Asset Management Corp Japan ADV raised its stake in shares of Danaher Co. (NYSE:DHR) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,651 shares of the conglomerate’s stock after acquiring an additional 1,651 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Danaher were worth $7,786,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DHR. Gardiner Nancy B lifted its stake in Danaher by 5.8% in the third quarter. Gardiner Nancy B now owns 9,110 shares of the conglomerate’s stock worth $991,000 after acquiring an additional 500 shares during the last quarter. Reilly Financial Advisors LLC lifted its position in shares of Danaher by 62.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,301 shares of the conglomerate’s stock worth $141,000 after buying an additional 501 shares during the last quarter. Securian Asset Management Inc lifted its position in shares of Danaher by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 62,119 shares of the conglomerate’s stock worth $6,130,000 after buying an additional 504 shares during the last quarter. Centaurus Financial Inc. lifted its position in shares of Danaher by 20.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,026 shares of the conglomerate’s stock worth $299,000 after buying an additional 510 shares during the last quarter. Finally, Whitnell & Co. lifted its position in shares of Danaher by 2.1% during the 3rd quarter. Whitnell & Co. now owns 25,270 shares of the conglomerate’s stock worth $2,746,000 after buying an additional 514 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.
DHR has been the subject of several research reports. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Wednesday, September 19th. Morgan Stanley upped their price target on shares of Danaher from $122.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, October 10th. Finally, Robert W. Baird reduced their price target on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $112.14.
In other Danaher news, CFO Daniel L. Comas sold 36,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $103.88, for a total value of $3,739,680.00. Following the transaction, the chief financial officer now directly owns 124,218 shares in the company, valued at approximately $12,903,765.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Patrick Joyce, Jr. sold 5,212 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $103.89, for a total transaction of $541,474.68. Following the completion of the transaction, the insider now owns 151,829 shares in the company, valued at $15,773,514.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,007 shares of company stock worth $15,202,163. 11.90% of the stock is owned by corporate insiders.
Shares of NYSE:DHR traded up $0.97 on Thursday, reaching $102.94. 2,126,626 shares of the company were exchanged, compared to its average volume of 2,566,182. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 0.38. Danaher Co. has a 1-year low of $91.84 and a 1-year high of $110.13. The stock has a market cap of $71.47 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04.
Danaher (NYSE:DHR) last issued its quarterly earnings data on Thursday, October 18th. The conglomerate reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.03. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.59%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. Equities analysts anticipate that Danaher Co. will post 4.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a $0.16 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.62%. Danaher’s payout ratio is 15.88%.
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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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