Nissay Asset Management Corp Japan ADV Cuts Stake in Danaher Co. (NYSE:DHR)

Nissay Asset Management Corp Japan ADV decreased its position in Danaher Co. (NYSE:DHR - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,990 shares of the conglomerate's stock after selling 2,031 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Danaher were worth $18,486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHR. Heck Capital Advisors LLC purchased a new position in Danaher in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Danaher in the 4th quarter worth about $31,000. Golden State Wealth Management LLC purchased a new position in Danaher in the 4th quarter worth about $31,000. Strategic Financial Concepts LLC purchased a new position in Danaher in the 4th quarter worth about $31,000. Finally, Pineridge Advisors LLC raised its position in Danaher by 63.3% in the 4th quarter. Pineridge Advisors LLC now owns 147 shares of the conglomerate's stock worth $34,000 after buying an additional 57 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

Insider Buying and Selling

In other news, EVP Christopher Paul Riley sold 15,805 shares of Danaher stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $198.00, for a total transaction of $3,129,390.00. Following the completion of the sale, the executive vice president now directly owns 15,179 shares in the company, valued at approximately $3,005,442. This trade represents a 51.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Steven M. Rales sold 1,250,000 shares of Danaher stock in a transaction on Monday, May 12th. The stock was sold at an average price of $196.74, for a total value of $245,925,000.00. Following the sale, the chairman now owns 3,105,808 shares of the company's stock, valued at approximately $611,036,665.92. This trade represents a 28.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on DHR. The Goldman Sachs Group decreased their target price on Danaher from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on Danaher from $280.00 to $260.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on Danaher from $231.00 to $225.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a "buy" rating and set a $250.00 price target on shares of Danaher in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group reduced their price target on shares of Danaher from $260.00 to $230.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Danaher presently has an average rating of "Moderate Buy" and an average price target of $264.40.

Danaher Price Performance

Shares of NYSE DHR traded up $5.08 during midday trading on Friday, reaching $196.03. 3,868,501 shares of the stock traded hands, compared to its average volume of 3,454,106. The stock has a market capitalization of $140.29 billion, a PE ratio of 37.13, a P/E/G ratio of 2.66 and a beta of 0.80. The company's 50 day moving average is $196.87 and its 200 day moving average is $217.47. Danaher Co. has a one year low of $171.00 and a one year high of $281.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.40 and a quick ratio of 1.05.

Danaher (NYSE:DHR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.26. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.58 billion. Danaher had a return on equity of 10.82% and a net margin of 16.33%. On average, equities research analysts anticipate that Danaher Co. will post 7.63 earnings per share for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%. Danaher's dividend payout ratio is presently 24.85%.

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.