Bristol Gate Capital Partners buys $26.9 Million stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Bristol Gate Capital Partners scooped up 29,960 additional shares in Danaher Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 276,001 shares of Danaher Corporation which is valued at $26.9 Million.Danaher Corporation makes up approximately 5.07% of Bristol Gate Capital Partners’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in DHR in the latest quarter, The investment management firm added 187,291 additional shares and now holds a total of 687,360 shares of Danaher Corporation which is valued at $66.9 Million. Danaher Corporation makes up approx 0.46% of Teacher Retirement System Of Texas’s portfolio.Ballentine Partners boosted its stake in DHR in the latest quarter, The investment management firm added 1,592 additional shares and now holds a total of 4,369 shares of Danaher Corporation which is valued at $425,410. Danaher Corporation makes up approx 0.04% of Ballentine Partners’s portfolio.Agf Investments boosted its stake in DHR in the latest quarter, The investment management firm added 195,306 additional shares and now holds a total of 199,749 shares of Danaher Corporation which is valued at $19.4 Million. Danaher Corporation makes up approx 0.23% of Agf Investments’s portfolio.Russell Frank Co boosted its stake in DHR in the latest quarter, The investment management firm added 16,011 additional shares and now holds a total of 612,216 shares of Danaher Corporation which is valued at $59.2 Million. Danaher Corporation makes up approx 0.10% of Russell Frank Co’s portfolio.

Danaher Corporation opened for trading at $97.71 and hit $98.9201 on the upside on Monday, eventually ending the session at $98.65, with a gain of 1.31% or 1.28 points. The heightened volatility saw the trading volume jump to 23,87,699 shares. Company has a market cap of $67,940 M.

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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