4,347 Shares in Danaher Corporation $DHR Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Danaher Corporation (NYSE:DHR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,347 shares of the conglomerate’s stock, valued at approximately $862,000.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Danaher during the 2nd quarter valued at approximately $1,979,503,000. Viking Global Investors LP raised its holdings in shares of Danaher by 543.9% during the second quarter. Viking Global Investors LP now owns 2,907,515 shares of the conglomerate’s stock worth $574,351,000 after purchasing an additional 2,455,994 shares during the period. Generation Investment Management LLP lifted its position in shares of Danaher by 56.2% in the 2nd quarter. Generation Investment Management LLP now owns 4,965,646 shares of the conglomerate’s stock worth $980,914,000 after buying an additional 1,787,522 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of Danaher by 924.2% in the 2nd quarter. Primecap Management Co. CA now owns 1,239,320 shares of the conglomerate’s stock valued at $244,815,000 after buying an additional 1,118,318 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Danaher by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 60,769,587 shares of the conglomerate’s stock valued at $12,004,424,000 after buying an additional 788,499 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Redburn Partners set a $220.00 target price on shares of Danaher in a report on Wednesday, October 8th. Rothschild & Co Redburn reissued a “neutral” rating and issued a $220.00 price target (down previously from $245.00) on shares of Danaher in a report on Wednesday, October 8th. Argus set a $265.00 price objective on Danaher in a research report on Wednesday, January 14th. Robert W. Baird set a $247.00 target price on Danaher in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their target price on Danaher from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Danaher currently has an average rating of “Moderate Buy” and an average target price of $252.09.

Danaher Stock Down 2.2%

Shares of Danaher stock opened at $234.91 on Friday. The business’s fifty day moving average price is $230.26 and its two-hundred day moving average price is $213.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.10. The company has a market capitalization of $165.93 billion, a P/E ratio of 48.43, a PEG ratio of 3.58 and a beta of 0.89. Danaher Corporation has a 1-year low of $171.00 and a 1-year high of $258.23.

Danaher Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, December 26th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, December 26th. Danaher’s payout ratio is currently 26.39%.

Insider Buying and Selling

In related news, SVP Georgeann Couchara sold 5,174 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $210.42, for a total value of $1,088,713.08. Following the completion of the transaction, the senior vice president owned 2,625 shares in the company, valued at $552,352.50. This represents a 66.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Teri List sold 3,298 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $226.50, for a total transaction of $746,997.00. Following the transaction, the director directly owned 20,762 shares in the company, valued at approximately $4,702,593. The trade was a 13.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,248 shares of company stock valued at $6,609,663 over the last 90 days. 11.10% of the stock is currently owned by company 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.