Forsta Ap-fonden adds Danaher Corporation (DHR) to its portfolio

Danaher Corporation (DHR) : Forsta Ap-fonden added new position in Danaher Corporation during the most recent quarter end. The investment management firm now holds 914,658 shares of Danaher Corporation which is valued at $74,581,213 , the company said in a statement filed on Aug 8, 2016 with the SEC.Danaher Corporation makes up approximately 2.10% of Forsta Ap-fonden’s portfolio.

Other Hedge Funds, Including , Reilly Herbert Faulkner Iii boosted its stake in DHR in the latest quarter, The investment management firm added 959 additional shares and now holds a total of 42,164 shares of Danaher Corporation which is valued at $3,436,366. Danaher Corporation makes up approx 2.48% of Reilly Herbert Faulkner Iii’s portfolio.Ls Investment Advisors boosted its stake in DHR in the latest quarter, The investment management firm added 3,070 additional shares and now holds a total of 193,670 shares of Danaher Corporation which is valued at $15,733,751. Danaher Corporation makes up approx 1.05% of Ls Investment Advisors’s portfolio.

Danaher Corporation closed down -0.16 points or -0.20% at $81.23 with 29,26,567 shares getting traded on Monday. Post opening the session at $81.73, the shares hit an intraday low of $81.15 and an intraday high of $81.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Danaher Corporation reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.22. The company had revenue of $5785.00 million for the quarter, compared to analysts expectations of $5766.84 million. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 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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