Danaher Corporation (DHR) : Profit Investment Management reduced its stake in Danaher Corporation by 42.1% during the most recent quarter end. The investment management company now holds a total of 9,531 shares of Danaher Corporation which is valued at $726,358 after selling 6,930 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Danaher Corporation makes up approximately 0.73% of Profit Investment Management’s portfolio.
Other Hedge Funds, Including , Community Bank N.a. added DHR to its portfolio by purchasing 43 company shares during the most recent quarter which is valued at $3,277.Raymond James Trust N.a. boosted its stake in DHR in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 6,884 shares of Danaher Corporation which is valued at $538,466. Danaher Corporation makes up approx 0.05% of Raymond James Trust N.a.’s portfolio.Cutler Group Lp reduced its stake in DHR by selling 1,193 shares or 33.75% in the most recent quarter. The Hedge Fund company now holds 2,342 shares of DHR which is valued at $183,191. Danaher Corporation makes up approx 0.01% of Cutler Group Lp’s portfolio. First Financial Bank N.a. – Trust Division sold out all of its stake in DHR during the most recent quarter. The investment firm sold 4,342 shares of DHR which is valued $339,631.Burns J W Co Incny boosted its stake in DHR in the latest quarter, The investment management firm added 18,993 additional shares and now holds a total of 37,789 shares of Danaher Corporation which is valued at $2,939,228. Danaher Corporation makes up approx 0.91% of Burns J W Co Incny’s portfolio.
Danaher Corporation closed down -1.88 points or -2.40% at $76.34 with 42,83,339 shares getting traded on Tuesday. Post opening the session at $77.81, the shares hit an intraday low of $75.93 and an intraday high of $77.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
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.