Danaher Corporation (DHR) : Stralem Co Inc reduced its stake in Danaher Corporation by 9.53% during the most recent quarter end. The investment management company now holds a total of 312,048 shares of Danaher Corporation which is valued at $30,087,668 after selling 32,852 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Danaher Corporation makes up approximately 3.23% of Stralem Co Inc’s portfolio.
Danaher Corporation opened for trading at $95.5 and hit $96.7 on the upside on Friday, eventually ending the session at $96.42, with a gain of 0.45% or 0.43 points. The heightened volatility saw the trading volume jump to 24,56,499 shares. Company has a market cap of $66,404 M.
Other Hedge Funds, Including , National Investment Services Inc Wi reduced its stake in DHR by selling 683 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 39,031 shares of DHR which is valued at $3,763,369. Danaher Corporation makes up approx 4.21% of National Investment Services Inc Wi’s portfolio. Simplex Trading sold out all of its stake in DHR during the most recent quarter. The investment firm sold 2,882 shares of DHR which is valued $271,254. 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.Eqis Capital Management reduced its stake in DHR by selling 85 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 2,667 shares of DHR which is valued at $247,178. Danaher Corporation makes up approx 0.02% of Eqis Capital Management’s portfolio.Capital Investment Services Of America reduced its stake in DHR by selling 1,570 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 179,898 shares of DHR which is valued at $16,672,947. Danaher Corporation makes up approx 3.20% of Capital Investment Services Of America’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 RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 96 from a previous price target of $87 .Company shares were Reiterated by Stifel on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $109 .Company shares were Reiterated by Barclays on Apr 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 105 from a previous price target of $104 .
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.