JFG Wealth Management LLC Makes New $315,000 Investment in Danaher Co. (NYSE:DHR)

JFG Wealth Management LLC acquired a new stake in shares of Danaher Co. (NYSE:DHR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,371 shares of the conglomerate’s stock, valued at approximately $315,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC bought a new stake in Danaher during the fourth quarter worth $64,000. FFT Wealth Management LLC boosted its holdings in Danaher by 25.8% during the 4th quarter. FFT Wealth Management LLC now owns 3,300 shares of the conglomerate’s stock worth $758,000 after acquiring an additional 676 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Danaher in the 4th quarter worth $559,000. Bank of New York Mellon Corp raised its holdings in shares of Danaher by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 8,589,019 shares of the conglomerate’s stock valued at $1,971,609,000 after purchasing an additional 441,012 shares during the last quarter. Finally, Wrapmanager Inc. lifted its position in shares of Danaher by 4.2% during the fourth quarter. Wrapmanager Inc. now owns 1,728 shares of the conglomerate’s stock valued at $397,000 after purchasing an additional 69 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHR has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Danaher in a research report on Monday, February 3rd. StockNews.com lowered Danaher from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Wells Fargo & Company dropped their price target on Danaher from $280.00 to $240.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Scotiabank initiated coverage on Danaher in a research note on Monday, December 23rd. They issued a “sector perform” rating and a $265.00 price objective for the company. Finally, Jefferies Financial Group decreased their target price on Danaher from $285.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Danaher presently has an average rating of “Moderate Buy” and a consensus target price of $278.00.

Insider Activity

In other news, SVP Brian W. Ellis sold 5,700 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $224.13, for a total value of $1,277,541.00. Following the completion of the transaction, the senior vice president now directly owns 20,230 shares in the company, valued at approximately $4,534,149.90. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.10% of the company’s stock.

Danaher Price Performance

Shares of NYSE:DHR opened at $210.65 on Wednesday. The company has a 50 day moving average of $225.79 and a 200 day moving average of $246.04. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock has a market cap of $150.56 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.66 and a beta of 0.83. Danaher Co. has a 12 month low of $196.80 and a 12 month high of $281.70.

Danaher (NYSE:DHR) last released its quarterly earnings results on Wednesday, January 29th. The conglomerate reported $2.14 EPS for the quarter, meeting analysts’ consensus estimates of $2.14. Danaher had a net margin of 16.33% and a return on equity of 10.82%. During the same quarter last year, the company posted $2.09 earnings per share. As a group, sell-side analysts forecast that Danaher Co. will post 7.63 EPS for the current fiscal year.

Danaher Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.32 dividend. This is a positive change from Danaher’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.61%. Danaher’s dividend payout ratio is presently 24.24%.

Danaher 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.