Daiwa Securities Group Inc. Has $37.59 Million Stake in Danaher Corporation $DHR

Daiwa Securities Group Inc. grew its holdings in Danaher Corporation (NYSE:DHR) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,183 shares of the conglomerate’s stock after purchasing an additional 4,714 shares during the period. Daiwa Securities Group Inc.’s holdings in Danaher were worth $37,585,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG increased its holdings in shares of Danaher by 25.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 366,481 shares of the conglomerate’s stock valued at $83,895,000 after purchasing an additional 74,301 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock valued at $131,784,000 after purchasing an additional 18,744 shares during the period. Guinness Asset Management LTD grew its stake in shares of Danaher by 13.7% in the 3rd quarter. Guinness Asset Management LTD now owns 223,570 shares of the conglomerate’s stock valued at $41,597,000 after buying an additional 26,896 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Danaher in the 3rd quarter valued at approximately $3,251,000. Finally, Defender Capital LLC. bought a new stake in shares of Danaher in the 4th quarter valued at approximately $35,715,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

DHR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Citigroup initiated coverage on Danaher in a research note on Tuesday, May 26th. They issued a “buy” rating and a $230.00 price target for the company. DZ Bank initiated coverage on Danaher in a research note on Wednesday. They issued a “buy” rating and a $210.00 price target for the company. The Goldman Sachs Group lowered their price target on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Barclays lowered their price target on Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has a consensus rating of “Moderate Buy” and an average target price of $235.14.

Danaher Stock Up 4.9%

Shares of Danaher stock opened at $186.86 on Friday. The stock has a market capitalization of $132.25 billion, a P/E ratio of 36.14, a PEG ratio of 2.38 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. The stock has a 50 day moving average price of $181.34 and a two-hundred day moving average price of $206.35. Danaher Corporation has a 12-month low of $160.93 and a 12-month high of $242.80.

Danaher (NYSE:DHR) last announced its earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. Equities analysts expect that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

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