Cadinha Co Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Cadinha Co reduced its stake in Danaher Corporation by 0.79% during the most recent quarter end. The investment management company now holds a total of 247,143 shares of Danaher Corporation which is valued at $20,152,040 after selling 1,958 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Danaher Corporation makes up approximately 4.16% of Cadinha Co’s portfolio.

Other Hedge Funds, Including , Notis-mcconarty Edward boosted its stake in DHR in the latest quarter, The investment management firm added 4,528 additional shares and now holds a total of 10,215 shares of Danaher Corporation which is valued at $832,931. Danaher Corporation makes up approx 0.56% of Notis-mcconarty Edward’s portfolio.Clear Harbor Asset Management boosted its stake in DHR in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 4,006 shares of Danaher Corporation which is valued at $326,489. Danaher Corporation makes up approx 0.07% of Clear Harbor Asset Management’s portfolio.Utah Retirement Systems boosted its stake in DHR in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 110,903 shares of Danaher Corporation which is valued at $8,980,925. Danaher Corporation makes up approx 0.23% of Utah Retirement Systems’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in DHR by selling 40,000 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 160,000 shares of DHR which is valued at $12,956,800. Danaher Corporation makes up approx 0.06% of State Of New Jersey Common Pension Fund D’s portfolio. Community Bank Trust Waco Texas added DHR to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $161,700. Danaher Corporation makes up approx 0.09% of Community Bank Trust Waco Texas’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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