Danaher Corporation (DHR) : Pensionfund Sabic reduced its stake in Danaher Corporation by 13.7% during the most recent quarter end. The investment management company now holds a total of 23,300 shares of Danaher Corporation which is valued at $2.2 Million after selling 3,700 shares in Danaher Corporation according to a report filed by the company on Apr 4, 2016 with the SEC.Danaher Corporation makes up approximately 0.66% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in DHR by selling 3,500 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 50,500 shares of DHR which is valued at $4.7 Million. Danaher Corporation makes up approx 0.64% of Pensionfund Dsm Netherlands’s portfolio.Beacon Financial Group reduced its stake in DHR by selling 118 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 2,540 shares of DHR which is valued at $242,900. Danaher Corporation makes up approx 0.05% of Beacon Financial Group’s portfolio.Renaissance Investment Group reduced its stake in DHR by selling 1,154 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 78,090 shares of DHR which is valued at $7.5 Million. Danaher Corporation makes up approx 3.74% of Renaissance Investment Group’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. 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 closed down -0.51 points or -0.55% at $92.68 with 18,93,631 shares getting traded on Monday. Post opening the session at $93.23, the shares hit an intraday low of $92.66 and an intraday high of $93.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.