Jim Cramer's Charitable Trust is strategically reallocating its resources by purchasing additional shares in the cybersecurity firm CrowdStrike. This move follows the Trust's decision to utilize approximately half of the proceeds from a recent sale of Palo Alto Networks shares. Over the past four trading sessions, CrowdStrike shares have seen an 8% decline, presenting an opportune moment for the Trust to increase its stake. The Trust is acquiring 30 shares of CrowdStrike at an average price of $336.77, bringing its total holdings to 255 shares and increasing its portfolio weighting to approximately 2.5% from a previous 2.15%.
In addition to expanding its position in CrowdStrike, the Trust is also investing in Danaher Corporation, a conglomerate specializing in healthcare and environmental technologies. The Trust is purchasing 25 shares of Danaher at an approximate price of $239.56. This acquisition will elevate its total holdings to 575 shares, enhancing its portfolio weight to about 4.5% from around 3.8%. The Trust's strategic moves are supported by a robust cash position, which currently stands at nearly 9%, enabling it to capitalize on investment opportunities.
Revvity, another company in focus, has experienced a significant market response, with shares rallying approximately 6%. This surge follows management's announcement that preliminary fourth-quarter organic sales grew by 6%, surpassing the consensus estimate of 4%. Meanwhile, Danaher is gearing up for its presentation at the JPMorgan Healthcare Conference, scheduled for Tuesday at 2:15 p.m. ET. Historically, Danaher management has provided preliminary results a day prior to such presentations.
Despite the absence of a 2025 outlook, Danaher remains optimistic about its financial future. The company recently affirmed that its full-year 2024 adjusted earnings per share are expected to meet or exceed prior guidance issued in early November. This positive outlook further reinforces the Trust's decision to increase its investment in Danaher.
The Trust maintains a disciplined approach to trading, adhering to a policy of waiting 45 minutes after issuing a trade alert before executing any transactions within its portfolio. This practice ensures compliance and transparency in its investment strategy.