Osborne Partners Capital Management Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Osborne Partners Capital Management reduced its stake in Danaher Corporation by 0.76% during the most recent quarter end. The investment management company now holds a total of 185,092 shares of Danaher Corporation which is valued at $17,420,859 after selling 1,425 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Danaher Corporation makes up approximately 2.53% of Osborne Partners Capital Management’s portfolio.

Danaher Corporation opened for trading at $94.18 and hit $94.61 on the upside on Monday, eventually ending the session at $94.36, with a gain of 0.25% or 0.24 points. The heightened volatility saw the trading volume jump to 18,27,837 shares. Company has a market cap of $64,840 M.

Other Hedge Funds, Including , Santa Fe Partners reduced its stake in DHR by selling 3,613 shares or 14.77% in the most recent quarter. The Hedge Fund company now holds 20,853 shares of DHR which is valued at $1,962,684. Danaher Corporation makes up approx 0.32% of Santa Fe Partners’s portfolio.Newman Dignan Sheerar reduced its stake in DHR by selling 850 shares or 9.92% in the most recent quarter. The Hedge Fund company now holds 7,721 shares of DHR which is valued at $726,701. Danaher Corporation makes up approx 0.52% of Newman Dignan Sheerar’s portfolio.

On the company’s financial health, Danaher Corporation reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.26. The company had revenue of $5884.80 million for the quarter, compared to analysts expectations of $6005.39 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 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 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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