Hikari Tsushin adds Danaher Corporation (DHR) to its portfolio

Danaher Corporation (DHR) : Hikari Tsushin added new position in Danaher Corporation during the most recent quarter end. The investment management firm now holds 59,835 shares of Danaher Corporation which is valued at $4,869,971 , the company said in a statement filed on Aug 10, 2016 with the SEC.Danaher Corporation makes up approximately 1.16% of Hikari Tsushin’s portfolio.

Other Hedge Funds, Including , Banque Pictet Cie Sa boosted its stake in DHR in the latest quarter, The investment management firm added 5,973 additional shares and now holds a total of 804,959 shares of Danaher Corporation which is valued at $65,515,613. Danaher Corporation makes up approx 1.68% of Banque Pictet Cie Sa’s portfolio.Cadence Bank Na boosted its stake in DHR in the latest quarter, The investment management firm added 177 additional shares and now holds a total of 4,103 shares of Danaher Corporation which is valued at $334,395. Danaher Corporation makes up approx 0.16% of Cadence Bank Na’s portfolio.

Danaher Corporation opened for trading at $80.41 and hit $80.79 on the upside on Friday, eventually ending the session at $80.74, with a gain of 0.22% or 0.18 points. The heightened volatility saw the trading volume jump to 21,34,186 shares. Company has a market cap of $55,754 M.

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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