Brown Advisory Inc buys $653.7 Million stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Brown Advisory Inc scooped up 7,665 additional shares in Danaher Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 6,713,777 shares of Danaher Corporation which is valued at $653.7 Million.Danaher Corporation makes up approximately 2.27% of Brown Advisory Inc’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd boosted its stake in DHR in the latest quarter, The investment management firm added 7,215 additional shares and now holds a total of 75,603 shares of Danaher Corporation which is valued at $7.4 Million. Danaher Corporation makes up approx 0.14% of Nomura Asset Management Co Ltd’s portfolio.Beaumont Financial Partners boosted its stake in DHR in the latest quarter, The investment management firm added 1,083 additional shares and now holds a total of 5,126 shares of Danaher Corporation which is valued at $499,119. Danaher Corporation makes up approx 0.08% of Beaumont Financial Partners’s portfolio.Keybank National Associationoh boosted its stake in DHR in the latest quarter, The investment management firm added 24,261 additional shares and now holds a total of 591,133 shares of Danaher Corporation which is valued at $57.6 Million. Danaher Corporation makes up approx 0.38% of Keybank National Associationoh’s portfolio.Cipher Capital Lp reduced its stake in DHR by selling 28,998 shares or 87.13% in the most recent quarter. The Hedge Fund company now holds 4,282 shares of DHR which is valued at $416,938. Danaher Corporation makes up approx 0.04% of Cipher Capital Lp’s portfolio.Advantus Capital Management Inc boosted its stake in DHR in the latest quarter, The investment management firm added 644 additional shares and now holds a total of 58,255 shares of Danaher Corporation which is valued at $5.7 Million. Danaher Corporation makes up approx 0.17% of Advantus Capital Management Inc’s portfolio.

Danaher Corporation closed down -0.31 points or -0.31% at $99.66 with 20,71,882 shares getting traded on Wednesday. Post opening the session at $99.89, the shares hit an intraday low of $99.57 and an intraday high of $100.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Investors should note that on May 10, 2016, Danaher Corporation announced a cash dividend of $0.1600. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jul 29, 2016.

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 Company’s 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 Company’s Industrial Technologies solutions help protect the world’s food supply improve packaging design and quality verify pharmaceutical dosages and authenticity and power innovative machines.

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