Danaher Corporation $DHR Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. reduced its stake in Danaher Corporation (NYSE:DHR) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,050 shares of the conglomerate’s stock after selling 65,238 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Danaher were worth $102,773,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPL Wealth Management LLC purchased a new position in Danaher in the third quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new position in Danaher in the fourth quarter valued at $26,000. WFA of San Diego LLC purchased a new position in Danaher in the second quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new position in Danaher in the third quarter valued at $27,000. Finally, Financial Life Planners purchased a new position in Danaher in the third quarter valued at $32,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on DHR. JPMorgan Chase & Co. dropped their target price on Danaher from $275.00 to $245.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. The Goldman Sachs Group dropped their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 13th. TD Cowen dropped their target price on Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada began coverage on Danaher in a report on Thursday. They issued an “outperform” rating and a $200.00 target price on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.65.

Insider Activity

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.80% of the company’s stock.

Danaher Stock Performance

Shares of DHR stock opened at $164.08 on Tuesday. The stock’s 50-day moving average is $185.54 and its two-hundred day moving average is $209.93. The firm has a market cap of $116.13 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 2.16 and a beta of 0.81. Danaher Corporation has a 1 year low of $160.93 and a 1 year high of $242.80. 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 (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 earnings per share. Analysts predict that Danaher Corporation will post 8.43 earnings per share for the current year.

Danaher Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be issued 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 1.0%. Danaher’s dividend payout ratio (DPR) 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.