Southpoint Capital Advisors Lp buys $126,154,500 stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Southpoint Capital Advisors Lp scooped up 50,000 additional shares in Danaher Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,550,000 shares of Danaher Corporation which is valued at $126,154,500.Danaher Corporation makes up approximately 5.83% of Southpoint Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Invictus Rg boosted its stake in DHR in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 75 shares of Danaher Corporation which is valued at $6,104. Danaher Corporation makes up approx 0.01% of Invictus Rg’s portfolio.Allianz Asset Management Ag reduced its stake in DHR by selling 13,473 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 1,650,138 shares of DHR which is valued at $134,304,732. Danaher Corporation makes up approx 0.19% of Allianz Asset Management Ag’s portfolio.Pictet Asset Management Ltd reduced its stake in DHR by selling 84,640 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 2,186,200 shares of DHR which is valued at $177,934,818. Danaher Corporation makes up approx 0.67% of Pictet Asset Management Ltd’s portfolio.Pittenger Anderson Inc reduced its stake in DHR by selling 75 shares or 11.9% in the most recent quarter. The Hedge Fund company now holds 555 shares of DHR which is valued at $45,110.Locust Wood Capital Advisers reduced its stake in DHR by selling 31,920 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 305,973 shares of DHR which is valued at $24,857,247. Danaher Corporation makes up approx 2.66% of Locust Wood Capital Advisers’s portfolio.

Danaher Corporation opened for trading at $81.55 and hit $81.85 on the upside on Thursday, eventually ending the session at $81.44, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 23,36,583 shares. Company has a market cap of $56,237 M.

On the company’s financial health, Danaher Corporation reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.22. The company had revenue of $5785.00 million for the quarter, compared to analysts expectations of $5766.84 million. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Danaher Corporation. Shares were Reiterated by Barclays on Jul 11, 2016 to “Overweight” and Lowered the Price Target to $ 86 from a previous price target of $105 .Danaher Corporation was Initiated by Goldman to “Neutral” on Jul 5, 2016. Danaher Corporation was Upgraded by Bernstein to ” Outperform” on Jun 24, 2016.

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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