Rakuten Investment Management Inc. Grows Position in Danaher Corporation $DHR

Rakuten Investment Management Inc. boosted its stake in Danaher Corporation (NYSE:DHR) by 1,824.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,636 shares of the conglomerate’s stock after buying an additional 79,289 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Danaher were worth $19,289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DHR. Sivia Capital Partners LLC grew its stake in Danaher by 6.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock valued at $397,000 after purchasing an additional 119 shares during the period. First Trust Advisors LP grew its stake in Danaher by 34.5% in the 2nd quarter. First Trust Advisors LP now owns 55,418 shares of the conglomerate’s stock valued at $10,947,000 after purchasing an additional 14,217 shares during the period. Main Street Financial Solutions LLC grew its stake in Danaher by 40.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,088 shares of the conglomerate’s stock valued at $610,000 after purchasing an additional 886 shares during the period. Ieq Capital LLC grew its stake in Danaher by 64.2% in the 2nd quarter. Ieq Capital LLC now owns 75,714 shares of the conglomerate’s stock valued at $14,957,000 after purchasing an additional 29,592 shares during the period. Finally, HUB Investment Partners LLC grew its stake in Danaher by 30.7% in the 2nd quarter. HUB Investment Partners LLC now owns 1,383 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 325 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DHR. Piper Sandler started coverage on Danaher in a research note on Thursday. They issued a “neutral” rating and a $200.00 price objective for the company. DZ Bank initiated coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective on the stock. Barclays cut their target price on shares of Danaher from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley cut their target price on shares of Danaher from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada initiated coverage on shares of Danaher in a research report on Thursday, May 14th. They set an “outperform” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.61.

Danaher Stock Up 0.5%

Shares of NYSE DHR opened at $181.04 on Tuesday. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The business has a 50-day simple moving average of $180.73 and a two-hundred day simple moving average of $204.27. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33. The company has a market cap of $128.13 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.30 and a beta of 0.81.

Danaher (NYSE:DHR) last issued its earnings results on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. Danaher had a return on equity of 10.91% and a net margin of 14.89%.The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the company earned $1.88 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Research analysts anticipate that Danaher Corporation will post 8.45 earnings per share for the current fiscal year.

Danaher Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.60 annualized dividend and a yield of 0.9%. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

About Danaher

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.