Global Trust Asset Management LLC Has $268,000 Stock Position in Danaher Corporation $DHR

Global Trust Asset Management LLC grew its position in Danaher Corporation (NYSE:DHR) by 9.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,358 shares of the conglomerate’s stock after acquiring an additional 116 shares during the quarter. Global Trust Asset Management LLC’s holdings in Danaher were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DHR. Summit Global Investments lifted its position in shares of Danaher by 18.0% during the 1st quarter. Summit Global Investments now owns 1,057 shares of the conglomerate’s stock worth $217,000 after buying an additional 161 shares during the period. Peoples Bank KS increased its stake in shares of Danaher by 6.4% in the 1st quarter. Peoples Bank KS now owns 1,910 shares of the conglomerate’s stock valued at $392,000 after buying an additional 115 shares during the period. Mechanics Bank Trust Department increased its stake in shares of Danaher by 3.0% in the 1st quarter. Mechanics Bank Trust Department now owns 9,507 shares of the conglomerate’s stock valued at $1,949,000 after buying an additional 274 shares during the period. JGP Wealth Management LLC increased its stake in shares of Danaher by 5.3% in the 1st quarter. JGP Wealth Management LLC now owns 3,852 shares of the conglomerate’s stock valued at $790,000 after buying an additional 194 shares during the period. Finally, Czech National Bank increased its stake in shares of Danaher by 5.4% in the 1st quarter. Czech National Bank now owns 146,962 shares of the conglomerate’s stock valued at $30,127,000 after buying an additional 7,584 shares during the period. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group lowered their target price on Danaher from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $241.00 price objective on Danaher in a research note on Tuesday, September 2nd. Scotiabank raised Danaher from a “sector perform” rating to a “sector outperform” rating and set a $275.00 price objective for the company in a research note on Friday, July 11th. Wells Fargo & Company decreased their price objective on Danaher from $210.00 to $205.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Danaher from $240.00 to $235.00 in a research note on Thursday, June 5th. Seventeen 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 presently has an average rating of “Moderate Buy” and a consensus price target of $245.91.

Danaher Stock Performance

DHR opened at $184.97 on Monday. Danaher Corporation has a 52-week low of $171.00 and a 52-week high of $279.59. The firm has a market capitalization of $132.45 billion, a PE ratio of 39.36, a PEG ratio of 2.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.22 and a current ratio of 1.62. The business’s 50-day simple moving average is $199.44 and its 200 day simple moving average is $197.48.

Danaher (NYSE:DHR) last released its earnings results on Tuesday, July 22nd. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.16. Danaher had a return on equity of 10.70% and a net margin of 14.21%.The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. Danaher’s revenue was up 3.4% on a year-over-year basis. Danaher has set its FY 2025 guidance at 7.700-7.800 EPS. As a group, sell-side analysts expect that Danaher Corporation will post 7.63 earnings per share for the current fiscal year.

Danaher Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, September 26th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Danaher’s payout ratio is 27.23%.

Insiders Place Their Bets

In other Danaher news, Director Teri List sold 2,778 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $211.06, for a total transaction of $586,324.68. Following the transaction, the director owned 20,751 shares of the company’s stock, valued at $4,379,706.06. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.20% of the stock is currently owned by company insiders.

Danaher Company Profile

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, aseptic fill finish; single-use hardware and consumables and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services; and healthcare filtration solutions.