Global Trust Asset Management LLC Buys 5,694 Shares of Danaher Corporation $DHR

Global Trust Asset Management LLC increased its stake in Danaher Corporation (NYSE:DHR) by 719.8% in the 4th quarter, Holdings Channel reports. The fund owned 6,485 shares of the conglomerate’s stock after buying an additional 5,694 shares during the quarter. Global Trust Asset Management LLC’s holdings in Danaher were worth $1,485,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of Danaher during the 3rd quarter valued at about $25,000. WFA of San Diego LLC bought a new position in Danaher during the second quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new position in Danaher during the second quarter valued at approximately $27,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Danaher during the third quarter worth approximately $27,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Danaher in the 3rd quarter worth approximately $28,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHR. Jefferies Financial Group upped their price objective on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group decreased their target price on shares of Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. KeyCorp reiterated an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Finally, Argus set a $265.00 target price on Danaher in a research note on Wednesday, January 14th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $253.55.

Insider Activity

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total value of $274,573.20. Following the sale, the executive vice president directly owned 5,099 shares of the company’s stock, valued at $1,060,642.99. The trade was a 20.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

Danaher Stock Performance

Danaher stock opened at $191.18 on Friday. Danaher Corporation has a fifty-two week low of $171.00 and a fifty-two week high of $242.80. The stock’s 50 day simple moving average is $204.49 and its two-hundred day simple moving average is $214.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. The stock has a market cap of $135.30 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.59 and a beta of 0.95.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. Danaher had a net margin of 14.71% and a return on equity of 10.81%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the prior year, the firm earned $2.14 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts expect that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.40 per share. This is a positive change from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s payout ratio is 31.75%.

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.