MUFG Securities EMEA plc Purchases 532,574 Shares of Danaher Corporation $DHR

MUFG Securities EMEA plc lifted its position in Danaher Corporation (NYSE:DHR) by 4,366.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 544,772 shares of the conglomerate’s stock after purchasing an additional 532,574 shares during the period. Danaher comprises approximately 1.4% of MUFG Securities EMEA plc’s portfolio, making the stock its 14th biggest holding. MUFG Securities EMEA plc owned about 0.08% of Danaher worth $124,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bearing Point Capital LLC grew its holdings in shares of Danaher by 9.8% in the fourth quarter. Bearing Point Capital LLC now owns 40,909 shares of the conglomerate’s stock worth $9,365,000 after purchasing an additional 3,637 shares during the last quarter. Sfmg LLC grew its holdings in shares of Danaher by 3.5% in the fourth quarter. Sfmg LLC now owns 1,739 shares of the conglomerate’s stock worth $398,000 after purchasing an additional 59 shares during the last quarter. Wormser Freres Gestion grew its holdings in shares of Danaher by 586.7% in the fourth quarter. Wormser Freres Gestion now owns 37,860 shares of the conglomerate’s stock worth $8,670,000 after purchasing an additional 32,347 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of Danaher by 23.5% in the fourth quarter. DT Investment Partners LLC now owns 1,286 shares of the conglomerate’s stock worth $294,000 after purchasing an additional 245 shares during the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Danaher in the fourth quarter worth approximately $492,000. Institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DHR shares. JPMorgan Chase & Co. decreased their target price on Danaher from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Citigroup started coverage on Danaher in a report on Tuesday, May 26th. They set a “buy” rating and a $230.00 target price for the company. UBS Group decreased their target price on Danaher from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Danaher in a report on Friday, March 27th. Finally, Wells Fargo & Company decreased their target price on Danaher from $240.00 to $212.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.24.

Danaher Price Performance

Shares of Danaher stock opened at $182.73 on Friday. The company has a market cap of $129.33 billion, a PE ratio of 35.34, a P/E/G ratio of 2.44 and a beta of 0.81. The business has a 50 day moving average of $182.11 and a 200 day moving average of $207.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.33.

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

Danaher Announces Dividend

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

Danaher Company Profile

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.