Elite Wealth Management Lowers stake in Danaher Corporation (DHR)

Danaher Corporation (DHR) : Elite Wealth Management reduced its stake in Danaher Corporation by 11.08% during the most recent quarter end. The investment management company now holds a total of 8,203 shares of Danaher Corporation which is valued at $624,740 after selling 1,022 shares in Danaher Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Danaher Corporation makes up approximately 0.92% of Elite Wealth Management’s portfolio.

Other Hedge Funds, Including , Peddock Capital Advisors boosted its stake in DHR in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 5,045 shares of Danaher Corporation which is valued at $384,227. Danaher Corporation makes up approx 0.25% of Peddock Capital Advisors’s portfolio.Toth Financial Advisory Corp reduced its stake in DHR by selling 779 shares or 9.67% in the most recent quarter. The Hedge Fund company now holds 7,275 shares of DHR which is valued at $554,428. Danaher Corporation makes up approx 0.17% of Toth Financial Advisory Corp’s portfolio.Legal General Group Plc boosted its stake in DHR in the latest quarter, The investment management firm added 41,642 additional shares and now holds a total of 2,660,151 shares of Danaher Corporation which is valued at $203,075,927. Danaher Corporation makes up approx 0.21% of Legal General Group Plc’s portfolio.Prospera Financial Services Inc boosted its stake in DHR in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 2,765 shares of Danaher Corporation which is valued at $211,080. Danaher Corporation makes up approx 0.04% of Prospera Financial Services Inc’s portfolio.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 -0.05 points or -0.07% at $76.16 with 32,21,072 shares getting traded on Friday. Post opening the session at $76.76, the shares hit an intraday low of $76.04 and an intraday high of $76.8 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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