November 24, 2016 - By Ruchi Gupta · 0 Comments
Danaher Corp (NYSE:DHR) institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.26, from 1.05 in 2016Q1. The ratio has improved, as 438 active investment managers increased and opened new equity positions, while 416 sold and decreased holdings in Danaher Corp. The active investment managers in our partner’s database now hold: 512.05 million shares, down from 529.92 million shares in 2016Q1. Also, the number of active investment managers holding Danaher Corp in their top 10 equity positions increased from 74 to 84 for an increase of 10. Sold All: 43 Reduced: 373 Increased: 351 New Position: 87.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $54.20 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 25.85 P/E ratio. The Company’s Test & Measurement segment offers products, software and services.
The stock increased 0.94% or $0.74 on November 23, hitting $79.16. About 1.85M shares traded hands. Danaher Corporation (NYSE:DHR) has risen 8.29% since April 22, 2016 and is uptrending. It has outperformed by 2.88% the S&P500.
Analysts await Danaher Corporation (NYSE:DHR) to report earnings on January, 24. They expect $1.03 EPS, down 18.90% or $0.24 from last year’s $1.27 per share. DHR’s profit will be $705.23 million for 19.21 P/E if the $1.03 EPS becomes a reality. After $0.87 actual EPS reported by Danaher Corporation for the previous quarter, Wall Street now forecasts 18.39% EPS growth.
According to Zacks Investment Research, “Danaher Corporation conducts its operations through two business segments: Process/Environmental Controls and Tools and Components. The Process/Environmental Controls segment produces and sells a range of products including compact, professional electronic test tools, quality assurance products and systems, and power protection products. The Tools and Components segment is a worldwide producer and distributor of general purpose mechanics’ hand tools and automotive specialty tools.”
Robecosam Usa Inc. holds 9.43% of its portfolio in Danaher Corporation for 74,961 shares. Tricadia Capital Management Llc owns 250,000 shares or 8.54% of their US portfolio. Moreover, Cortland Associates Inc Mo has 6.88% invested in the company for 310,508 shares. The New York-based Southpoint Capital Advisors Lp has invested 6.75% in the stock. Green Valley Investors Llc, a Delaware-based fund reported 2.17 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 insider sales for $14.42 million net activity.
Ratings analysis reveals 62% of Danaher Corporation’s analysts are positive. Out of 13 Wall Street analysts rating Danaher Corporation, 8 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $83 while the high is $120. The stock’s average target of $98.07 is 23.89% above today’s ($79.16) share price. DHR was included in 41 notes of analysts from July 28, 2015. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 27 report. The stock of Danaher Corporation (NYSE:DHR) has “Neutral” rating given on Wednesday, September 9 by Sterne Agee CRT. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, July 28. Barclays Capital maintained the shares of DHR in a report on Friday, October 23 with “Overweight” rating. The company was maintained on Tuesday, July 28 by Argus Research. The company was maintained on Thursday, October 1 by Stifel Nicolaus. Barclays Capital maintained Danaher Corporation (NYSE:DHR) rating on Monday, July 11. Barclays Capital has “Overweight” rating and $86 price target. As per Monday, April 18, the company rating was maintained by Barclays Capital. The firm earned “Overweight” rating on Wednesday, September 7 by Barclays Capital. Citigroup maintained Danaher Corporation (NYSE:DHR) rating on Monday, June 13. Citigroup has “Neutral” rating and $104 price target.
Danaher Corporation (Danaher), incorporated on October 3, 1986, is a global science and technology company. The Company’s research and development, manufacturing, sales, distribution, service and administrative facilities are located in approximately 50 countries. The Company’s divisions include Environmental; Life Sciences & Diagnostics, and Dental. The Company’s product identification business develops and makes equipment, consumables and software for various printing, marking, coding, design and color management applications on consumer and industrial products. The Company’s product identification products are marketed under the ESKO, FOBA, LINX, PANTONE, VIDEOJET and X-RITE brands. The Company’s manufacturing facilities are located in North America, Europe, South America and Asia.
Another recent and important Danaher Corporation (NYSE:DHR) news was published by Prnewswire.com which published an article titled: “Danaher To Webcast Investor And Analyst Meeting” on November 14, 2016.
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By Ruchi Gupta