Danaher Corporation (DHR) : Cue Financial Group reduced its stake in Danaher Corporation by 4.7% during the most recent quarter end. The investment management company now holds a total of 26,133 shares of Danaher Corporation which is valued at $2,117,818 after selling 1,290 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Danaher Corporation makes up approximately 1.77% of Cue Financial Group’s portfolio.
Other Hedge Funds, Including , Hall Laurie J Trustee boosted its stake in DHR in the latest quarter, The investment management firm added 2,575 additional shares and now holds a total of 12,695 shares of Danaher Corporation which is valued at $1,028,803. Danaher Corporation makes up approx 0.66% of Hall Laurie J Trustee’s portfolio.Central Bank Trust Co boosted its stake in DHR in the latest quarter, The investment management firm added 35,153 additional shares and now holds a total of 36,826 shares of Danaher Corporation which is valued at $2,984,379. Danaher Corporation makes up approx 0.84% of Central Bank Trust Co’s portfolio.Newman Dignan Sheerar reduced its stake in DHR by selling 175 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 7,546 shares of DHR which is valued at $610,170. Danaher Corporation makes up approx 0.39% of Newman Dignan Sheerar’s portfolio. Daiwa Sb Investments Ltd. sold out all of its stake in DHR during the most recent quarter. The investment firm sold 2,580 shares of DHR which is valued $208,619.Watch Point Trust Co boosted its stake in DHR in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 20,185 shares of Danaher Corporation which is valued at $1,632,159. Danaher Corporation makes up approx 1.40% of Watch Point Trust Co’s portfolio.
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 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.