Danaher Co. (NYSE:DHR) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Danaher Co. (NYSE:DHR - Free Report) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,235 shares of the conglomerate's stock after purchasing an additional 6,313 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Danaher were worth $75,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DHR. Y Intercept Hong Kong Ltd bought a new position in Danaher in the third quarter worth $4,963,000. MML Investors Services LLC lifted its holdings in shares of Danaher by 3.9% during the third quarter. MML Investors Services LLC now owns 89,520 shares of the conglomerate's stock valued at $24,888,000 after purchasing an additional 3,332 shares during the last quarter. Northeast Financial Consultants Inc purchased a new stake in shares of Danaher in the 3rd quarter worth approximately $216,000. Dunhill Financial LLC increased its position in Danaher by 45.1% during the 3rd quarter. Dunhill Financial LLC now owns 222 shares of the conglomerate's stock valued at $62,000 after buying an additional 69 shares in the last quarter. Finally, Tenere Capital LLC boosted its holdings in Danaher by 5.4% in the third quarter. Tenere Capital LLC now owns 36,328 shares of the conglomerate's stock worth $10,100,000 after acquiring an additional 1,874 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wolfe Research raised Danaher from a "peer perform" rating to an "outperform" rating and set a $285.00 price target for the company in a research report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Danaher from $250.00 to $265.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Danaher in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $280.00 price objective for the company. StockNews.com lowered Danaher from a "buy" rating to a "hold" rating in a report on Thursday. Finally, KeyCorp upped their price target on Danaher from $290.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $287.16.

Danaher Price Performance

Shares of NYSE DHR traded up $4.57 during midday trading on Monday, reaching $234.69. 1,174,413 shares of the stock traded hands, compared to its average volume of 2,772,611. Danaher Co. has a one year low of $217.96 and a one year high of $281.70. The stock has a market capitalization of $169.51 billion, a PE ratio of 43.92, a P/E/G ratio of 4.23 and a beta of 0.83. The company's 50 day moving average is $250.76 and its 200 day moving average is $258.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.37 and a quick ratio of 1.01.

Danaher (NYSE:DHR - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.14. Danaher had a return on equity of 10.62% and a net margin of 16.39%. The firm had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.59 billion. During the same quarter in the previous year, the business earned $2.02 EPS. The company's quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Danaher Co. will post 7.5 earnings per share for the current year.

Danaher Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. Danaher's payout ratio is 20.61%.

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.