Danaher Corporation (DHR) Position Cut by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. reduced its holdings in shares of Danaher Corporation (NYSE:DHR) by 32.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,373 shares of the conglomerate’s stock after selling 2,099 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Danaher Corporation were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in DHR. Vanguard Group Inc. grew its stake in Danaher Corporation by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 41,488,407 shares of the conglomerate’s stock valued at $3,501,206,000 after purchasing an additional 520,776 shares during the last quarter. BlackRock Inc. grew its stake in Danaher Corporation by 3.2% during the 2nd quarter. BlackRock Inc. now owns 39,201,798 shares of the conglomerate’s stock valued at $3,308,239,000 after purchasing an additional 1,233,876 shares during the last quarter. FMR LLC grew its stake in Danaher Corporation by 0.9% during the 2nd quarter. FMR LLC now owns 19,624,350 shares of the conglomerate’s stock valued at $1,656,100,000 after purchasing an additional 183,183 shares during the last quarter. Geode Capital Management LLC grew its stake in Danaher Corporation by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 5,815,659 shares of the conglomerate’s stock valued at $496,687,000 after purchasing an additional 329,458 shares during the last quarter. Finally, Flossbach Von Storch AG grew its stake in Danaher Corporation by 44.7% during the 2nd quarter. Flossbach Von Storch AG now owns 5,782,019 shares of the conglomerate’s stock valued at $487,945,000 after purchasing an additional 1,785,810 shares during the last quarter. 75.38% of the stock is currently owned by institutional investors.
Danaher Corporation (NYSE:DHR) opened at $93.58 on Friday. The firm has a market capitalization of $64,287.83, a PE ratio of 23.76, a P/E/G ratio of 2.20 and a beta of 1.02. Danaher Corporation has a fifty-two week low of $76.27 and a fifty-two week high of $93.86. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.42.
Danaher Corporation (NYSE:DHR) last announced its earnings results on Thursday, October 19th. The conglomerate reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.05. Danaher Corporation had a return on equity of 11.29% and a net margin of 13.36%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. analysts forecast that Danaher Corporation will post 3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.60%. Danaher Corporation’s payout ratio is currently 16.52%.
Several analysts have weighed in on the company. Robert W. Baird boosted their price target on Danaher Corporation from $87.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Morgan Stanley upped their target price on Danaher Corporation from $95.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Credit Suisse Group upped their target price on Danaher Corporation from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Thursday, October 5th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $95.00 target price on shares of Danaher Corporation in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Danaher Corporation presently has an average rating of “Buy” and a consensus price target of $93.31.
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In other Danaher Corporation news, insider William King sold 43,688 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $82.86, for a total transaction of $3,619,987.68. Following the completion of the transaction, the insider now owns 45,748 shares of the company’s stock, valued at $3,790,679.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Patrick Joyce, Jr. sold 125,989 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $92.64, for a total value of $11,671,620.96. Following the transaction, the chief executive officer now directly owns 271,737 shares of the company’s stock, valued at approximately $25,173,715.68. The disclosure for this sale can be found here. Insiders have sold 279,628 shares of company stock valued at $25,304,394 in the last three months. Insiders own 12.20% of the company’s stock.
Danaher Corporation Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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