Parnassus Investments Ca buys $639,642,615 stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Parnassus Investments Ca scooped up 58,334 additional shares in Danaher Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 6,569,196 shares of Danaher Corporation which is valued at $639,642,615.Danaher Corporation makes up approximately 4.21% of Parnassus Investments Ca’s portfolio.

Other Hedge Funds, Including , Roble Belko Company Inc added DHR to its portfolio by purchasing 59 company shares during the most recent quarter which is valued at $5,745.Tiaa Cref Investment Management boosted its stake in DHR in the latest quarter, The investment management firm added 10,956 additional shares and now holds a total of 2,290,404 shares of Danaher Corporation which is valued at $222,421,132. Danaher Corporation makes up approx 0.17% of Tiaa Cref Investment Management’s portfolio.Bank Of The West reduced its stake in DHR by selling 4,016 shares or 8.12% in the most recent quarter. The Hedge Fund company now holds 45,422 shares of DHR which is valued at $4,410,930. Danaher Corporation makes up approx 0.61% of Bank Of The West’s portfolio.Van Hulzen Asset Management boosted its stake in DHR in the latest quarter, The investment management firm added 7,142 additional shares and now holds a total of 35,323 shares of Danaher Corporation which is valued at $3,417,500. Danaher Corporation makes up approx 1.95% of Van Hulzen Asset Management’s portfolio.

Danaher Corporation closed down -0.75 points or -0.76% at $97.37 with 24,06,603 shares getting traded on Friday. Post opening the session at $97.99, the shares hit an intraday low of $97.08 and an intraday high of $98.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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