Danaher Corporation (DHR) : Zweig-dimenna Associates reduced its stake in Danaher Corporation by 50.86% during the Q4 period. The investment management company now holds a total of 186,675 shares of Danaher Corporation which is valued at $17,788,261 after selling 193,180 shares in Danaher Corporation according to the most recent disclosure to the SEC.Danaher Corporation makes up approximately 0.96% of Zweig-dimenna Associates’s portfolio.
Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D added DHR to its portfolio by purchasing 200,000 company shares during the Fourth Quarter which is valued at $19,058,000. Danaher Corporation makes up approx 0.08% of State Of New Jersey Common Pension Fund D’s portfolio.Liberty Mutual Group Asset Management boosted its stake in DHR during the Q4 period, The investment management firm added 5,648 additional shares and now holds a total of 35,478 shares of Danaher Corporation which is valued at $3,380,699. Danaher Corporation makes up approx 0.14% of Liberty Mutual Group Asset Management’s portfolio.Pbwm Holdings reduced its stake in DHR by selling 156 shares or 0.57% during the fourth quarter. The Hedge Fund company now holds 27,299 shares of DHR which is valued at $2,601,322. Danaher Corporation makes up approx 1.01% of Pbwm Holdings’s portfolio. Winton Capital Group Ltd sold out all of its stake in DHR during the fourth quarter. The investment firm sold 143,928 shares of DHR which is valued $13,714,899. Warren Averett Asset Management added DHR to its portfolio by purchasing 6,990 company shares during the Fourth Quarter which is valued at $666,077. Danaher Corporation makes up approx 0.29% of Warren Averett Asset Management’s portfolio.
On the company’s financial health, Danaher Corporation reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.26. The company had revenue of $5884.80 million for the quarter, compared to analysts expectations of $6005.39 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Investors should note that on Feb 29, 2016, Danaher Corporation announced a cash dividend of $0.1600. The company’s management has announced Mar 22, 2016 as the ex-dividend date and fixed the record date on Mar 24, 2016. The payable date has been fixed on Apr 29, 2016.
Many Wall Street Analysts have commented on Danaher Corporation. Shares were Reiterated by RBC Capital Mkts on Jan 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 87 from a previous price target of $93 .Danaher Corporation was Downgraded by Goldman to ” Neutral” on Dec 8, 2015.
Danaher Corporation opened for trading at $94.02 and hit $95.29 on the upside on Friday, eventually ending the session at $95.29, with a gain of 1.86% or 1.74 points. The heightened volatility saw the trading volume jump to 73,29,053 shares. Company has a market cap of $65,479 M.
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.