Danaher Corp Del (DHR) Holder Chevy Chase Trust Holdings INC Has Lowered Its Position by $20.21 Million as Stock Price Rose

April 17, 2018 - By Kenneth Lin

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.04, from 1.01 in 2017Q3. It is negative, as 50 investors sold DHR shares while 376 reduced holdings. 79 funds opened positions while 333 raised stakes. 516.43 million shares or 1.05% more from 511.08 million shares in 2017Q3 were reported. First Midwest National Bank Division invested in 0.08% or 6,718 shares. Boston Common Asset Mgmt Limited Com reported 0.78% stake. Mariner Wealth Ltd Limited Liability Company accumulated 7,755 shares or 0.03% of the stock. Pekin Singer Strauss Asset Il reported 5,388 shares. Northern Trust Corporation accumulated 9.20M shares or 0.22% of the stock. State Bank Of Montreal Can invested 0.07% of its portfolio in Danaher Corporation (NYSE:DHR). Laurion Mgmt Ltd Partnership owns 6,011 shares or 0% of their US portfolio. Moreover, Martin Currie Limited has 0.27% invested in Danaher Corporation (NYSE:DHR) for 41,320 shares. Cullinan Associate stated it has 39,155 shares. Fund Evaluation Grp Limited Co holds 0.18% in Danaher Corporation (NYSE:DHR) or 18,251 shares. Employees Retirement Association Of Colorado, Colorado-based fund reported 600,792 shares. Woodley Farra Manion holds 293,118 shares. City Hldgs Co reported 0.01% in Danaher Corporation (NYSE:DHR). First Interstate Financial Bank stated it has 3,496 shares or 0.07% of all its holdings. 15,203 were reported by Tekla Management Ltd.

Since October 23, 2017, it had 0 insider purchases, and 10 sales for $37.02 million activity. Shares for $1.06 million were sold by SCHWIETERS JOHN T on Monday, February 26. The insider LUTZ ROBERT S sold 11,189 shares worth $1.03M. COMAS DANIEL L sold $6.42 million worth of stock. The insider DANIEL WILLIAM K sold $13.37M. EHRLICH DONALD J sold $960,736 worth of stock or 10,578 shares. On Friday, February 23 the insider LOHR WALTER G sold $1.04M.

Chevy Chase Trust Holdings Inc decreased its stake in Danaher Corp Del (DHR) by 22.86% based on its latest 2017Q4 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc sold 219,691 shares as the company’s stock rose 4.06% while stock markets declined. The institutional investor held 741,375 shares of the industrial machinery and components company at the end of 2017Q4, valued at $68.81M, down from 961,066 at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $70.84B market cap company. The stock increased 1.00% or $1 during the last trading session, reaching $101.42. About 1.14M shares traded. Danaher Corporation (NYSE:DHR) has risen 13.03% since April 17, 2017 and is uptrending. It has outperformed by 1.48% the S&P500.

Chevy Chase Trust Holdings Inc, which manages about $23.22 billion US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 60,931 shares to 213,092 shares, valued at $12.13M in 2017Q4, according to the filing. It also increased its holding in Grubhub Inc (NYSE:GRUB) by 65,146 shares in the quarter, for a total of 302,843 shares, and has risen its stake in Tyson Foods Inc (NYSE:TSN).

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on April, 19. They expect $0.93 earnings per share, up 9.41 % or $0.08 from last year’s $0.85 per share. DHR’s profit will be $649.55 million for 27.26 P/E if the $0.93 EPS becomes a reality. After $1.19 actual earnings per share reported by Danaher Corporation for the previous quarter, Wall Street now forecasts -21.85 % negative EPS growth.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Among 12 analysts covering Danaher (NYSE:DHR), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Danaher had 27 analyst reports since October 20, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, January 19 with “Buy”. On Thursday, October 19 the stock rating was maintained by Cowen & Co with “Buy”. Credit Suisse maintained the shares of DHR in report on Friday, October 20 with “Outperform” rating. Stifel Nicolaus maintained Danaher Corporation (NYSE:DHR) rating on Thursday, October 19. Stifel Nicolaus has “Buy” rating and $102.0 target. The firm has “Buy” rating given on Thursday, March 1 by Deutsche Bank. The firm earned “Buy” rating on Thursday, January 11 by Robert W. Baird. Argus Research maintained the shares of DHR in report on Thursday, February 1 with “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $98.0 target in Tuesday, January 30 report. Jefferies maintained Danaher Corporation (NYSE:DHR) on Tuesday, January 30 with “Buy” rating. On Wednesday, January 31 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Danaher Corporation (NYSE:DHR) Institutional Positions Chart

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