Shorts Action: Danaher Corporation Del (NYSE:DHR) Shorted Shares Increased 24.91% After Market Selling

December 1, 2016 - By Marie Mckinney   ·   0 Comments

Shorts Action: Danaher Corporation Del (NYSE:DHR) Shorted Shares Increased 24.91% After Market Selling

The stock of Danaher Corporation Del (NYSE:DHR) registered an increase of 24.91% in short interest. DHR’s total short interest was 8.79 million shares in December as published by FINRA. Its up 24.91% from 7.03M shares, reported previously. With 3.41 million shares average volume, it will take short sellers 3 days to cover their DHR’s short positions. The short interest to Danaher Corporation Del’s float is 1.37%. About 119,076 shares traded hands. Danaher Corporation (NYSE:DHR) has risen 7.01% since April 28, 2016 and is uptrending. It has outperformed by 1.09% the S&P500.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $53.22 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 25.43 P/E ratio. The Company’s Test & Measurement segment offers products, software and services.

Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.26, from 1.05 in 2016Q1. The ratio improved, as 43 funds sold all Danaher Corporation shares owned while 373 reduced positions. 87 funds bought stakes while 351 increased positions. They now own 512.05 million shares or 3.37% less from 529.92 million shares in 2016Q1.
Nelson Van Denburg And Campbell Wealth Management Group Ltd Limited Liability Company last reported 0.52% of its portfolio in the stock. Ativo Cap Mgmt Ltd Liability Company accumulated 0.94% or 38,357 shares. Epoch Invest Prtn last reported 1.05% of its portfolio in the stock. Duff & Phelps Investment Management holds 0.01% of its portfolio in Danaher Corporation (NYSE:DHR) for 7,825 shares. Ls Investment Limited Liability Corporation, a Michigan-based fund reported 193,670 shares. Canandaigua Fincl Bank Trust reported 18,545 shares or 0.53% of all its holdings. Ontario Teachers Pension Plan Board last reported 0.54% of its portfolio in the stock. First Interstate Natl Bank holds 0.07% of its portfolio in Danaher Corporation (NYSE:DHR) for 3,188 shares. Addenda Capital last reported 70,342 shares in the company. 1832 Asset Ltd Partnership accumulated 0.07% or 168,152 shares. Greenleaf accumulated 81,171 shares or 0.21% of the stock. Bancorporation Of America De has invested 0.27% of its portfolio in Danaher Corporation (NYSE:DHR). National Bank Of Montreal Can holds 0.05% or 523,505 shares in its portfolio. Moreover, Magnetar Financial Limited Liability Corporation has 0.28% invested in Danaher Corporation (NYSE:DHR) for 148,081 shares. Tortoise Investment Management Ltd Liability Corporation last reported 480 shares in the company.

Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 3 selling transactions for $14.42 million net activity. The insider Joyce Thomas Patrick JR sold 36,125 shares worth $2.88 million. Shares for $7.80M were sold by COMAS DANIEL L.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Out of 13 analysts covering Danaher Corporation (NYSE:DHR), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Danaher Corporation has been the topic of 41 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, December 8 by Goldman Sachs. The stock of Danaher Corporation (NYSE:DHR) earned “Neutral” rating by Citigroup on Thursday, January 21. The firm has “Outperform” rating given on Friday, November 11 by Cowen & Co. Barclays Capital maintained it with “Overweight” rating and $94.0 target price in Friday, October 23 report. The firm earned “Overweight” rating on Monday, October 5 by Barclays Capital. As per Monday, July 11, the company rating was maintained by Barclays Capital. The firm has “Overweight” rating given on Tuesday, July 28 by Morgan Stanley. The rating was maintained by Argus Research on Tuesday, July 28 with “Buy”. Stifel Nicolaus maintained the shares of DHR in a report on Thursday, October 1 with “Buy” rating. The rating was initiated by Sterne Agee CRT with “Neutral” on Wednesday, September 9.

DHR Company Profile

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 Marie Mckinney

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