Pioneer Trust Bank N Aor Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Pioneer Trust Bank N Aor reduced its stake in Danaher Corporation by 0.03% during the most recent quarter end. The investment management company now holds a total of 46,243 shares of Danaher Corporation which is valued at $3,742,908 after selling 15 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Danaher Corporation makes up approximately 2.21% of Pioneer Trust Bank N Aor’s portfolio.

Other Hedge Funds, Including , Patton Albertson Miller Group reduced its stake in DHR by selling 1,131 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 6,138 shares of DHR which is valued at $497,424. Danaher Corporation makes up approx 0.22% of Patton Albertson Miller Group’s portfolio.Atria Investments reduced its stake in DHR by selling 1,468 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 30,797 shares of DHR which is valued at $2,495,789. Danaher Corporation makes up approx 0.26% of Atria Investments’s portfolio. Integrated Investment Consultants added DHR to its portfolio by purchasing 1,775 company shares during the most recent quarter which is valued at $142,710. Danaher Corporation makes up approx 0.07% of Integrated Investment Consultants’s portfolio.

Danaher Corporation opened for trading at $81.02 and hit $81.58 on the upside on Monday, eventually ending the session at $80.94, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 23,41,632 shares. Company has a market cap of $55,743 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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