Atria Investments Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Atria Investments reduced its stake in Danaher Corporation by 4.55% during the most recent quarter end. The investment management company now holds a total of 30,797 shares of Danaher Corporation which is valued at $2,495,789 after selling 1,468 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Danaher Corporation makes up approximately 0.26% of Atria Investments’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in DHR in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 185,612 shares of Danaher Corporation which is valued at $15,041,996. Danaher Corporation makes up approx 0.25% of Gulf International Bank (uk) Ltd’s portfolio.Moreno Evelyn V boosted its stake in DHR in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 61,630 shares of Danaher Corporation which is valued at $4,983,402. Danaher Corporation makes up approx 1.86% of Moreno Evelyn V’s portfolio. Pensionfund Sabic sold out all of its stake in DHR during the most recent quarter. The investment firm sold 23,300 shares of DHR which is valued $1,873,320.

Danaher Corporation opened for trading at $81.31 and hit $81.7 on the upside on Friday, eventually ending the session at $80.92, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 29,45,984 shares. Company has a market cap of $55,729 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. Shares were Reiterated by Barclays on Jul 11, 2016 to “Overweight” and Lowered the Price Target to $ 86 from a previous price target of $105 .Danaher Corporation was Initiated by Goldman to “Neutral” on Jul 5, 2016. Danaher Corporation was Upgraded by Bernstein to ” Outperform” on Jun 24, 2016.

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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