Nissay Asset Management Corp Japan ADV Purchases 496 Shares of Danaher Co. (DHR)

Nissay Asset Management Corp Japan ADV lifted its position in shares of Danaher Co. (NYSE:DHR) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 72,147 shares of the conglomerate’s stock after buying an additional 496 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Danaher were worth $7,440,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ruggie Capital Group bought a new stake in Danaher in the fourth quarter valued at about $40,000. We Are One Seven LLC bought a new stake in Danaher in the fourth quarter valued at about $44,000. Oregon Public Employees Retirement Fund increased its holdings in Danaher by 10,085.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,863,048 shares of the conglomerate’s stock valued at $67,000 after purchasing an additional 6,795,666 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in Danaher by 59.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 690 shares of the conglomerate’s stock valued at $71,000 after purchasing an additional 257 shares during the last quarter. Finally, NuWave Investment Management LLC increased its holdings in Danaher by 5,600.0% in the fourth quarter. NuWave Investment Management LLC now owns 798 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 784 shares during the last quarter. Institutional investors own 77.79% of the company’s stock.

DHR has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $102.00 price objective on shares of Danaher in a report on Wednesday, December 19th. Needham & Company LLC initiated coverage on Danaher in a report on Wednesday, January 2nd. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Danaher in a report on Monday, January 7th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $113.08.

NYSE DHR opened at $111.24 on Friday. The stock has a market capitalization of $77.97 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.05 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 0.34. Danaher Co. has a 12 month low of $94.59 and a 12 month high of $111.79.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Tuesday, January 29th. The conglomerate reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Danaher had a return on equity of 11.64% and a net margin of 13.33%. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Danaher Co. will post 4.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, December 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Danaher’s dividend payout ratio (DPR) is currently 14.16%.

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Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.

Further Reading: What are different types of coverage ratios?

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Institutional Ownership by Quarter for Danaher (NYSE:DHR)

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