Midwest Trust Co Buys 3,460 Shares of Danaher Corporation $DHR

Midwest Trust Co increased its position in Danaher Corporation (NYSE:DHR) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,465 shares of the conglomerate’s stock after buying an additional 3,460 shares during the period. Midwest Trust Co’s holdings in Danaher were worth $23,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Danaher during the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new position in shares of Danaher in the fourth quarter valued at $27,000. JPL Wealth Management LLC bought a new position in shares of Danaher in the third quarter valued at $25,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Danaher by 71.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 127 shares of the conglomerate’s stock valued at $29,000 after buying an additional 53 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in shares of Danaher during the second quarter valued at about $26,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DHR. Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price on shares of Danaher in a report on Tuesday, April 21st. Guggenheim cut their price target on Danaher from $275.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Argus decreased their price objective on Danaher from $265.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 24th. DZ Bank started coverage on Danaher in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price objective for the company. Finally, Citigroup started coverage on Danaher in a report on Tuesday, May 26th. They issued a “buy” rating and a $230.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and an average price target of $231.64.

Danaher Stock Up 1.6%

Shares of DHR traded up $3.13 during trading hours on Friday, reaching $199.11. 3,847,629 shares of the stock traded hands, compared to its average volume of 3,706,558. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $180.59 and a 200 day simple moving average of $199.48. Danaher Corporation has a 52 week low of $160.93 and a 52 week high of $242.80. The company has a market cap of $140.92 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 2.54 and a beta of 0.79.

Danaher (NYSE:DHR) last issued its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6 billion. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 EPS. On average, equities analysts forecast that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Danaher’s dividend payout ratio is currently 30.95%.

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.