Danaher Co. (NYSE:DHR) Shares Purchased by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. increased its stake in shares of Danaher Co. (NYSE:DHR) by 340.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,650 shares of the conglomerate’s stock after acquiring an additional 1,275 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Danaher were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nicholas Hoffman & Company LLC. raised its stake in Danaher by 2.3% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 1,899 shares of the conglomerate’s stock valued at $439,000 after acquiring an additional 43 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Danaher by 1.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 3,470 shares of the conglomerate’s stock valued at $803,000 after acquiring an additional 43 shares during the last quarter. Berger Financial Group Inc raised its stake in Danaher by 1.7% during the 4th quarter. Berger Financial Group Inc now owns 2,517 shares of the conglomerate’s stock valued at $582,000 after acquiring an additional 43 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Danaher by 1.0% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,329 shares of the conglomerate’s stock valued at $1,001,000 after acquiring an additional 43 shares during the last quarter. Finally, Drive Wealth Management LLC raised its stake in Danaher by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 1,485 shares of the conglomerate’s stock valued at $344,000 after acquiring an additional 44 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alan G. Spoon sold 708 shares of Danaher stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $243.58, for a total value of $172,454.64. Following the completion of the sale, the director now owns 116,202 shares of the company’s stock, valued at $28,304,483.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Alan G. Spoon sold 708 shares of Danaher stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $243.58, for a total value of $172,454.64. Following the completion of the sale, the director now owns 116,202 shares of the company’s stock, valued at $28,304,483.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rainer Blair sold 9,005 shares of Danaher stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $265.00, for a total value of $2,386,325.00. Following the completion of the transaction, the chief executive officer now owns 106,990 shares in the company, valued at approximately $28,352,350. The disclosure for this sale can be found here. Insiders sold a total of 148,783 shares of company stock valued at $37,536,717 over the last quarter. Company insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DHR shares. Robert W. Baird upped their price objective on Danaher from $259.00 to $271.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen raised their price target on Danaher from $280.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays raised their price target on Danaher from $260.00 to $270.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Jefferies Financial Group started coverage on Danaher in a report on Monday. They issued a “buy” rating and a $295.00 price target for the company. Finally, Citigroup raised their price objective on Danaher from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Danaher has an average rating of “Moderate Buy” and an average target price of $269.29.

Danaher Price Performance

Danaher stock traded down $4.90 during mid-day trading on Friday, hitting $263.08. 3,625,661 shares of the company were exchanged, compared to its average volume of 2,734,940. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.85 and a quick ratio of 1.51. The business’s 50 day simple moving average is $251.70 and its two-hundred day simple moving average is $242.39. The company has a market capitalization of $194.86 billion, a P/E ratio of 45.06, a PEG ratio of 4.10 and a beta of 0.85. Danaher Co. has a 12-month low of $182.09 and a 12-month high of $269.11.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.62 billion. Danaher had a return on equity of 11.43% and a net margin of 16.78%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.36 earnings per share. Analysts forecast that Danaher Co. will post 7.63 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, June 28th. Danaher’s dividend payout ratio is currently 18.31%.

Danaher Company 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.