Hikari Power Ltd Invests $3.90 Million in Danaher Corporation $DHR

Key Points

• Hikari Power Ltd purchased 20,500 Danaher shares worth approximately $3.91 million in the second quarter, making DHR about 0.5% of its portfolio. Institutional investors collectively own 79.05% of the stock.
• Analysts remain broadly positive, with 1 Strong Buy, 19 Buy, and 5 Hold ratings. However, several firms have reduced their price targets; the consensus target is $228.91, implying upside from the $202.51 opening price.
• Danaher exceeded quarterly expectations, reporting $1.94 in adjusted earnings per share and $6.26 billion in revenue, up 5.5% year over year. Analysts forecast full-year earnings of $8.53 per share.

Hikari Power Ltd purchased a new stake in Danaher Corporation (NYSE:DHR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,500 shares of the conglomerate's stock, valued at approximately $3,905,000. Danaher makes up about 0.5% of Hikari Power Ltd's holdings, making the stock its 17th biggest position.

Other large investors have also recently bought and sold shares of the company. Main Street Group LTD bought a new position in shares of Danaher during the first quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Danaher in the 2nd quarter worth about $25,000. JPL Wealth Management LLC bought a new stake in shares of Danaher in the 3rd quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of Danaher during the 4th quarter worth about $26,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Danaher during the 2nd quarter worth about $26,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Danaher from $275.00 to $245.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of Danaher from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Stifel Nicolaus cut their target price on shares of Danaher from $260.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Wolfe Research downgraded Danaher from an "outperform" rating to a "peer perform" rating in a report on Monday, June 1st. Finally, HSBC decreased their price target on Danaher from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $228.91.

Danaher Stock Up 0.0%

Shares of NYSE:DHR opened at $202.51 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 0.48. The firm has a market cap of $142.37 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.52 and a beta of 0.78. Danaher Corporation has a 12 month low of $160.93 and a 12 month high of $242.80. The company's 50-day moving average price is $193.14 and its two-hundred day moving average price is $192.91.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Monday, July 20th. The conglomerate reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. Danaher had a net margin of 15.95% and a return on equity of 11.04%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Danaher Corporation will post 8.53 EPS for the current fiscal year.

Danaher Company 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.

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