Fiduciary Alliance LLC Buys 2,664 Shares of Danaher Corporation $DHR

Fiduciary Alliance LLC lifted its stake in Danaher Corporation (NYSE:DHR) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,355 shares of the conglomerate’s stock after purchasing an additional 2,664 shares during the period. Fiduciary Alliance LLC’s holdings in Danaher were worth $7,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Enterprise Financial Services Corp boosted its position in shares of Danaher by 1.4% in the 4th quarter. Enterprise Financial Services Corp now owns 3,219 shares of the conglomerate’s stock worth $737,000 after purchasing an additional 46 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Danaher by 2.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,870 shares of the conglomerate’s stock worth $428,000 after purchasing an additional 47 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Danaher by 0.3% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,421 shares of the conglomerate’s stock worth $3,057,000 after purchasing an additional 48 shares during the last quarter. Norway Savings Bank boosted its position in shares of Danaher by 0.7% in the 4th quarter. Norway Savings Bank now owns 7,063 shares of the conglomerate’s stock worth $1,617,000 after purchasing an additional 49 shares during the last quarter. Finally, SOL Capital Management CO boosted its position in shares of Danaher by 2.8% in the 3rd quarter. SOL Capital Management CO now owns 1,829 shares of the conglomerate’s stock worth $363,000 after purchasing an additional 50 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Insider Activity

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated 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 owned 5,099 shares of the company’s stock, valued at $1,060,642.99. This trade represents a 20.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DHR shares. JPMorgan Chase & Co. raised their price objective on Danaher from $270.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on Danaher from $270.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Argus set a $265.00 price objective on Danaher in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Danaher in a research note on Friday, March 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Danaher in a research note on Wednesday, January 7th. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.35.

Danaher Stock Performance

Shares of Danaher stock opened at $193.12 on Friday. The company has a market capitalization of $136.67 billion, a PE ratio of 38.32, a PEG ratio of 2.66 and a beta of 0.95. Danaher Corporation has a 12 month low of $175.51 and a 12 month high of $242.80. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $201.61 and its 200 day simple moving average is $214.31.

Danaher (NYSE:DHR) last released its quarterly earnings results on Tuesday, January 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.09. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter last year, the business posted $2.14 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts predict that Danaher Corporation will post 7.63 EPS for the current year.

Danaher Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. This is a positive change from Danaher’s previous quarterly dividend of $0.32. Danaher’s dividend payout ratio (DPR) is 31.75%.

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.