Danaher Corporation (DHR) : Perkins Coie Trust Co reduced its stake in Danaher Corporation by 6.6% during the most recent quarter end. The investment management company now holds a total of 26,910 shares of Danaher Corporation which is valued at $2,532,769 after selling 1,902 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Danaher Corporation makes up approximately 1.71% of Perkins Coie Trust Co’s portfolio.
Danaher Corporation opened for trading at $95.56 and hit $97.46 on the upside on Wednesday, eventually ending the session at $95.99, with a gain of 1.13% or 1.07 points. The heightened volatility saw the trading volume jump to 37,39,843 shares. Company has a market cap of $65,960 M.
Other Hedge Funds, Including , Mcnamara Financial Services sold out all of its stake in DHR during the most recent quarter. The investment firm sold 26,134 shares of DHR which is valued $2,459,732.Lenox Wealth Advisors reduced its stake in DHR by selling 60 shares or 18.99% in the most recent quarter. The Hedge Fund company now holds 256 shares of DHR which is valued at $24,095. Danaher Corporation makes up approx 0.01% of Lenox Wealth Advisors’s portfolio.Chevy Chase Trust Holdings reduced its stake in DHR by selling 7,173 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 868,162 shares of DHR which is valued at $80,461,254. Danaher Corporation makes up approx 0.46% of Chevy Chase Trust Holdings’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in DHR in the latest quarter, The investment management firm added 315 additional shares and now holds a total of 4,294 shares of Danaher Corporation which is valued at $397,968. Danaher Corporation makes up approx 0.08% of First Financial Bank N.a. – Trust Division’s portfolio.
On the company’s financial health, Danaher Corporation reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.03. The company had revenue of $5387.20 million for the quarter, compared to analysts expectations of $5329.83 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on Danaher Corporation. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 104 from a previous price target of $99 .Danaher Corporation was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 87 from a previous price target of $93 .
Danaher Corporation (Danaher) designs manufactures and markets professional medical industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental and Industrial Technologies. The Test & Measurement segment offers test measurement and monitoring products. The Environmental segment products and services help protect the global water supply facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments reagents consumables software and services. The Dental segment provides products that are used to diagnose treat and prevent disease and ailments of the teeth gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply improve packaging design and quality verify pharmaceutical dosages and authenticity and power innovative machines.