Asset Management One Co. Ltd. Raises Stake in Danaher Corporation $DHR

Key Points

• Asset Management One Co. Ltd. increased its stake in Danaher Corporation by 1.9%, now holding 301,904 shares worth approximately $59.6 million.
• Danaher reported strong quarterly earnings of $1.89 per share, surpassing the consensus estimate, with a revenue of $6.05 billion for the quarter.
• The company declared a quarterly dividend of $0.32, with a yield of 0.6% and a payout ratio of 27.23%.

Asset Management One Co. Ltd. raised its position in shares of Danaher Corporation (NYSE:DHR - Free Report) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,904 shares of the conglomerate's stock after purchasing an additional 5,600 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Danaher were worth $59,638,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DHR. GHP Investment Advisors Inc. lifted its holdings in Danaher by 396.0% during the first quarter. GHP Investment Advisors Inc. now owns 124 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 99 shares in the last quarter. Sierra Ocean LLC lifted its holdings in Danaher by 116.9% during the first quarter. Sierra Ocean LLC now owns 141 shares of the conglomerate's stock valued at $29,000 after purchasing an additional 76 shares in the last quarter. Red Tortoise LLC lifted its holdings in Danaher by 175.0% during the second quarter. Red Tortoise LLC now owns 154 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 98 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in Danaher during the first quarter valued at approximately $31,000. Finally, Ramirez Asset Management Inc. purchased a new position in Danaher during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Insiders Place Their Bets

In related news, Director Teri List sold 2,778 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $211.06, for a total value of $586,324.68. Following the sale, the director owned 20,751 shares in the company, valued at approximately $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on DHR shares. Rothschild Redb downgraded shares of Danaher from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Royal Bank Of Canada set a $241.00 target price on shares of Danaher in a report on Tuesday, September 2nd. Wells Fargo & Company reissued a "positive" rating on shares of Danaher in a report on Thursday. Cowen reissued a "buy" rating on shares of Danaher in a report on Wednesday. Finally, Bank of America lowered their target price on shares of Danaher from $230.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, September 22nd. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $243.39.

Danaher Trading Up 2.1%

Shares of DHR opened at $222.62 on Friday. The company's fifty day moving average is $202.49 and its 200 day moving average is $198.02. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $258.23. The stock has a market capitalization of $157.25 billion, a PE ratio of 45.90, a P/E/G ratio of 3.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 1.52.

Danaher (NYSE:DHR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The conglomerate reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. Danaher had a net margin of 14.44% and a return on equity of 10.92%. The company had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $6 billion. During the same quarter in the previous year, the business posted $1.71 earnings per share. Danaher's quarterly revenue was up 4.4% on a year-over-year basis. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. Sell-side analysts expect that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, September 26th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 26th. Danaher's payout ratio is currently 27.23%.

Danaher Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.

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