Coastline Trust Co Purchases 5,312 Shares of Danaher Corporation $DHR

Coastline Trust Co increased its position in shares of Danaher Corporation (NYSE:DHR) by 71.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,746 shares of the conglomerate’s stock after purchasing an additional 5,312 shares during the period. Coastline Trust Co’s holdings in Danaher were worth $2,918,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DHR. Sivia Capital Partners LLC increased its stake in shares of Danaher by 6.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,009 shares of the conglomerate’s stock worth $397,000 after purchasing an additional 119 shares during the last quarter. Empowered Funds LLC lifted its stake in Danaher by 58.8% in the 2nd quarter. Empowered Funds LLC now owns 24,129 shares of the conglomerate’s stock valued at $4,766,000 after purchasing an additional 8,934 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Danaher by 29.8% during the second quarter. Artisan Partners Limited Partnership now owns 2,672,971 shares of the conglomerate’s stock worth $528,019,000 after buying an additional 612,894 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Danaher by 1.9% in the second quarter. Westfield Capital Management Co. LP now owns 16,110 shares of the conglomerate’s stock valued at $3,182,000 after buying an additional 300 shares during the period. Finally, EFG Asset Management Americas Corp. lifted its position in shares of Danaher by 6.0% in the second quarter. EFG Asset Management Americas Corp. now owns 38,255 shares of the conglomerate’s stock valued at $7,557,000 after buying an additional 2,175 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Danaher Stock Performance

NYSE:DHR opened at $190.42 on Friday. The stock has a 50 day simple moving average of $215.31 and a 200 day simple moving average of $214.96. The stock has a market cap of $134.66 billion, a P/E ratio of 37.78, a PEG ratio of 2.60 and a beta of 0.93. Danaher Corporation has a 1-year low of $171.00 and a 1-year 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.

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

Danaher Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be given a dividend of $0.40 per share. This is a positive change from Danaher’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Danaher’s payout ratio is 25.40%.

Insiders Place Their Bets

In other Danaher news, EVP Gregory M. Milosevich sold 1,320 shares of Danaher stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $208.01, for a total value of $274,573.20. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DHR. KeyCorp reissued an “overweight” rating on shares of Danaher in a report on Thursday, January 29th. Argus set a $265.00 price target on Danaher in a report on Wednesday, January 14th. Evercore reaffirmed an “outperform” rating and set a $254.00 price objective on shares of Danaher in a research report on Wednesday, January 28th. Jefferies Financial Group upped their price objective on shares of Danaher from $255.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Danaher from $270.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.55.

About Danaher

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.