9,620 Danaher Corporation $DHR Shares Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Danaher stake by 9.3%, buying 9,620 shares in the third quarter to hold 113,353 shares worth about $25.63 million.
• Analysts’ consensus rating is Moderate Buy, with a $242.91 average price target; 18 analysts rate the stock Buy and five rate it Hold.
• Danaher reported quarterly EPS of $2.11, beating estimates of $1.92, while revenue of $6.55 billion came in slightly below expectations and rose 8.3% year over year.

Rakuten Investment Management Inc. boosted its stake in shares of Danaher Corporation (NYSE:DHR - Free Report) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,353 shares of the conglomerate's stock after purchasing an additional 9,620 shares during the period. Rakuten Investment Management Inc.'s holdings in Danaher were worth $25,630,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Marquette Asset Management LLC grew its stake in shares of Danaher by 192.1% in the third quarter. Marquette Asset Management LLC now owns 111 shares of the conglomerate's stock valued at $25,000 after buying an additional 73 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Danaher during the second quarter worth $25,000. Main Street Group LTD bought a new stake in Danaher during the first quarter worth $25,000. Field & Main Bank bought a new stake in Danaher during the second quarter worth $29,000. Finally, Solstein Capital LLC acquired a new stake in Danaher in the second quarter valued at $33,000. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DHR shares. The Goldman Sachs Group reissued a "buy" rating and issued a $275.00 price objective on shares of Danaher in a research report on Thursday, October 22nd. DZ Bank cut shares of Danaher from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 27th. Citigroup raised their target price on shares of Danaher from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Stifel Nicolaus boosted their price target on Danaher from $220.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Finally, Royal Bank Of Canada boosted their price target on Danaher from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, October 5th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.91.

Danaher Price Performance

Shares of DHR opened at $229.99 on Wednesday. The firm has a market capitalization of $161.80 billion, a PE ratio of 37.64, a PEG ratio of 2.86 and a beta of 0.76. The company's 50-day moving average is $219.38 and its 200-day moving average is $201.70. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 1.29.

Danaher (NYSE:DHR - Get Free Report) last posted its earnings results on Wednesday, October 21st. The conglomerate reported $2.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.19. The company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.56 billion. Danaher had a net margin of 16.91% and a return on equity of 11.17%. Danaher's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS. Equities analysts forecast that Danaher Corporation will post 8.59 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Danaher's dividend payout ratio is currently 26.19%.

Insider Transactions at Danaher

In other Danaher news, CAO Christopher Bouda sold 7,598 shares of the firm's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $234.56, for a total transaction of $1,782,186.88. Following the completion of the sale, the chief accounting officer directly owned 9,107 shares in the company, valued at $2,136,137.92. This trade represents a 45.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.

About Danaher

Danaher Corporation NYSE: DHR is a global science and technology company that develops products, services and solutions for the life sciences, biotechnology and diagnostics markets. Its offerings help researchers, pharmaceutical and biotechnology companies, healthcare providers and other organizations conduct scientific research, develop and manufacture medicines, and diagnose disease.

The company operates through businesses that provide bioprocessing equipment and technologies, laboratory instruments, consumables, analytical tools and clinical diagnostic systems.

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