Seaward Management Limited Partnership Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Seaward Management Limited Partnership reduced its stake in Danaher Corporation by 3.21% during the most recent quarter end. The investment management company now holds a total of 96,223 shares of Danaher Corporation which is valued at $9,277,822 after selling 3,195 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Danaher Corporation makes up approximately 0.49% of Seaward Management Limited Partnership’s portfolio.

Danaher Corporation opened for trading at $96.5 and hit $97.32 on the upside on Wednesday, eventually ending the session at $97.19, with a gain of 0.86% or 0.83 points. The heightened volatility saw the trading volume jump to 26,45,649 shares. Company has a market cap of $66,934 M.

Other Hedge Funds, Including , Joel Isaacson reduced its stake in DHR by selling 600 shares or 73.17% in the most recent quarter. The Hedge Fund company now holds 220 shares of DHR which is valued at $21,212.Davis R M Inc boosted its stake in DHR in the latest quarter, The investment management firm added 5,835 additional shares and now holds a total of 369,107 shares of Danaher Corporation which is valued at $35,589,297. Danaher Corporation makes up approx 1.78% of Davis R M Inc’s portfolio.Dnb Asset Management As boosted its stake in DHR in the latest quarter, The investment management firm added 20,800 additional shares and now holds a total of 60,755 shares of Danaher Corporation which is valued at $5,718,261. Danaher Corporation makes up approx 0.12% of Dnb Asset Management As’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 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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