Today’s Stock On Watch: Will Danaher Corporation Go Down Anytime Soon?

Today's Stock On Watch: Will Danaher Corporation Go Down Anytime Soon?

The stock of Danaher Corporation (NYSE:DHR) is a huge mover today! About 1.03 million shares traded hands. Danaher Corporation (NYSE:DHR) has risen 14.20% since April 11, 2016 and is uptrending. It has outperformed by 8.05% the S&P500.
The move comes after 7 months positive chart setup for the $55.59 billion company. It was reported on Nov, 11 by Barchart.com. We have $117.31 PT which if reached, will make NYSE:DHR worth $25.57 billion more.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Out of 12 analysts covering Danaher Corporation (NYSE:DHR), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Danaher Corporation has been the topic of 40 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Danaher Corporation (NYSE:DHR) has “Buy” rating given on Monday, October 26 by Argus Research. The rating was maintained by Barclays Capital on Monday, October 5 with “Overweight”. Morgan Stanley upgraded Danaher Corporation (NYSE:DHR) on Tuesday, July 28 to “Overweight” rating. Barclays Capital maintained the shares of DHR in a report on Wednesday, September 7 with “Overweight” rating. The stock of Danaher Corporation (NYSE:DHR) has “Market Perform” rating given on Monday, April 4 by Bernstein. The rating was maintained by Credit Suisse on Friday, September 4 with “Neutral”. As per Friday, October 23, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, October 1 by Stifel Nicolaus. As per Monday, April 25, the company rating was maintained by Sterne Agee CRT. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, December 8.

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.”

Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.06, from 0.99 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.
State Street Corp has invested 0.24% of its portfolio in Danaher Corporation (NYSE:DHR). Gamco Investors Et Al owns 21,751 shares or 0.01% of their US portfolio. First Bancshares Trust reported 24,443 shares or 2.14% of all its holdings. Third Point Ltd Limited Liability Company accumulated 3.71% or 3.85 million shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 31,583 shares or 0.29% of their US portfolio. Moreover, City Hldgs Com has 0.02% invested in Danaher Corporation (NYSE:DHR) for 356 shares. The Tennessee-based Patten Grp Incorporated has invested 0% in Danaher Corporation (NYSE:DHR). First Eagle Investment Mgmt Llc reported 2.32 million shares or 0.6% of all its holdings. Cambridge Trust last reported 139,916 shares in the company. Teacher Retirement System Of Texas last reported 688,542 shares in the company. Morgan Stanley holds 0.19% of its portfolio in Danaher Corporation (NYSE:DHR) for 5.17M shares. Polaris Greystone Grp Ltd Liability last reported 4,373 shares in the company. Moreover, Westpac Corp has 0% invested in Danaher Corporation (NYSE:DHR) for 102,355 shares. Hanson And Doremus Management holds 0.01% of its portfolio in Danaher Corporation (NYSE:DHR) for 150 shares. Zweig Advisers Limited Com holds 0.93% of its portfolio in Danaher Corporation (NYSE:DHR) for 67,000 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 selling transactions for $14.42 million net activity. Joyce Thomas Patrick JR sold $3.74M worth of Danaher Corporation (NYSE:DHR) on Saturday, July 30. Shares for $7.80 million were sold by COMAS DANIEL L on Wednesday, July 27. Lalor Angela S sold 8,392 shares worth $820,461.

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.

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