Danaher Corporation (DHR) : Stack Financial Management Inc reduced its stake in Danaher Corporation by 0.64% during the most recent quarter end. The investment management company now holds a total of 250,360 shares of Danaher Corporation which is valued at $24.4 Million after selling 1,609 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Danaher Corporation makes up approximately 2.93% of Stack Financial Management Inc’s portfolio.
Other Hedge Funds, Including , East Coast Asset Management. sold out all of its stake in DHR during the most recent quarter. The investment firm sold 2,268 shares of DHR which is valued $220,835.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in DHR by selling 800 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 12,600 shares of DHR which is valued at $1.2 Million. Danaher Corporation makes up approx 0.32% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Banque Pictet Cie Sa boosted its stake in DHR in the latest quarter, The investment management firm added 118,770 additional shares and now holds a total of 798,986 shares of Danaher Corporation which is valued at $77.6 Million. Danaher Corporation makes up approx 2.08% of Banque Pictet Cie Sa’s portfolio.Badgley Phelps Bell Inc boosted its stake in DHR in the latest quarter, The investment management firm added 5,926 additional shares and now holds a total of 136,581 shares of Danaher Corporation which is valued at $13.3 Million. Danaher Corporation makes up approx 1.25% of Badgley Phelps Bell Inc’s portfolio. Northpointe Capital added DHR to its portfolio by purchasing 20,691 company shares during the most recent quarter which is valued at $2 Million. Danaher Corporation makes up approx 0.24% of Northpointe Capital’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 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.