Mitsubishi UFJ Asset Management Co. Ltd. Acquires 55,129 Shares of Danaher Corporation $DHR

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Danaher Corporation (NYSE:DHR) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,340,152 shares of the conglomerate’s stock after acquiring an additional 55,129 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Danaher were worth $308,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AssuredPartners Investment Advisors LLC raised its holdings in shares of Danaher by 10.4% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 1,740 shares of the conglomerate’s stock worth $398,000 after acquiring an additional 164 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Danaher by 0.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 89,687 shares of the conglomerate’s stock worth $20,531,000 after purchasing an additional 834 shares in the last quarter. Highlander Partners L.P. raised its stake in shares of Danaher by 3.6% in the fourth quarter. Highlander Partners L.P. now owns 58,000 shares of the conglomerate’s stock worth $13,277,000 after purchasing an additional 2,000 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Danaher by 4.8% in the fourth quarter. QRG Capital Management Inc. now owns 33,079 shares of the conglomerate’s stock valued at $7,572,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Danaher in the fourth quarter valued at approximately $652,000. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DHR shares. Morgan Stanley cut their price objective on Danaher from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. KeyCorp reaffirmed an “overweight” rating on shares of Danaher in a research report on Thursday, January 29th. Evercore boosted their price target on shares of Danaher from $225.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $245.00 target price on shares of Danaher in a research note on Tuesday, April 21st. Finally, TD Cowen lowered their price target on shares of Danaher from $245.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.70.

Danaher Price Performance

Shares of Danaher stock opened at $174.69 on Wednesday. The stock has a market capitalization of $123.64 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. Danaher Corporation has a 52-week low of $172.34 and a 52-week high of $242.80. The company has a fifty day moving average of $192.65 and a 200-day moving average of $213.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.52 and a current ratio of 1.87.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. Equities research analysts expect that Danaher Corporation will post 8.43 EPS for the current year.

Danaher Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Danaher’s payout ratio is presently 30.95%.

Insider Activity

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, the executive vice president directly owned 5,099 shares in the company, valued at $1,060,642.99. This trade represents a 20.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 10.80% of the stock is owned by corporate insiders.

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.