4,610 Shares in Danaher Corporation $DHR Purchased by First Bank & Trust

First Bank & Trust bought a new position in shares of Danaher Corporation (NYSE:DHR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,610 shares of the conglomerate’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tyche Wealth Partners LLC acquired a new position in shares of Danaher in the 3rd quarter valued at $462,000. Ceredex Value Advisors LLC grew its holdings in shares of Danaher by 1.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 249,377 shares of the conglomerate’s stock worth $49,262,000 after purchasing an additional 3,862 shares during the period. Lockheed Martin Investment Management Co. increased its position in shares of Danaher by 49.4% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 25,340 shares of the conglomerate’s stock worth $5,024,000 after purchasing an additional 8,380 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in Danaher by 2.9% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 664,705 shares of the conglomerate’s stock valued at $131,784,000 after buying an additional 18,744 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its holdings in Danaher by 4.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 513,288 shares of the conglomerate’s stock valued at $100,071,000 after buying an additional 22,595 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Danaher Stock Down 1.5%

Shares of DHR opened at $187.18 on Thursday. The company’s 50-day simple moving average is $211.42 and its 200-day simple moving average is $214.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.51 and a current ratio of 1.87. Danaher Corporation has a 1 year low of $171.00 and a 1 year high of $242.80. The stock has a market capitalization of $132.36 billion, a PE ratio of 37.14, a P/E/G ratio of 2.58 and a beta of 0.93.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6.79 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. This is a positive change from Danaher’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 27th. Danaher’s payout ratio is presently 25.40%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danaher in a research note on Thursday, January 29th. Guggenheim upped their price objective on shares of Danaher from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research report on Wednesday, January 7th. Leerink Partners lifted their target price on shares of Danaher from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company upped their price target on Danaher from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. Nineteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Danaher presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Insider Buying and Selling at Danaher

In other news, EVP Gregory M. Milosevich sold 1,320 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the sale, the executive vice president owned 5,099 shares of the company’s stock, valued at approximately $1,060,642.99. This represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Danaher 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.