FSM Wealth Advisors LLC Reduces Position in Danaher Corporation $DHR

FSM Wealth Advisors LLC decreased its stake in shares of Danaher Corporation (NYSE:DHR) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,984 shares of the conglomerate’s stock after selling 3,002 shares during the period. FSM Wealth Advisors LLC’s holdings in Danaher were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new stake in shares of Danaher in the third quarter valued at $25,000. WFA of San Diego LLC purchased a new stake in shares of Danaher in the second quarter valued at $26,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Danaher in the third quarter valued at $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Danaher in the third quarter valued at $28,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Danaher in the third quarter valued at $31,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DHR. Evercore lowered their price objective on Danaher from $254.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danaher in a report on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. TD Cowen reiterated a “buy” rating on shares of Danaher in a report on Wednesday, January 7th. Finally, Guggenheim lifted their target price on Danaher from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Eighteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.35.

Insider Activity at Danaher

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $208.01, for a total transaction of $274,573.20. Following the transaction, the executive vice president owned 5,099 shares in the company, valued at $1,060,642.99. The trade was a 20.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Danaher Trading Up 0.0%

Shares of DHR opened at $189.69 on Monday. The stock’s 50-day moving average is $201.03 and its two-hundred day moving average is $214.68. The stock has a market cap of $134.24 billion, a PE ratio of 37.64, a P/E/G ratio of 2.57 and a beta of 0.95. Danaher Corporation has a 12 month low of $178.78 and a 12 month high of $242.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.51.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Tuesday, January 27th. The conglomerate reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.09. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Danaher had a return on equity of 10.81% and a net margin of 14.71%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Equities analysts forecast that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Increases Dividend

The business also recently disclosed 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 boost 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 is Friday, March 27th. Danaher’s payout ratio is presently 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.