Profit Investment Management LLC Decreased Stake in Danaher Corp Del (NYSE:DHR) by $3.82 Million as Shares Rose


Profit Investment Management Llc decreased its stake in Danaher Corp Del (NYSE:DHR) by 44.37% based on its latest 2016Q2 regulatory filing with the SEC. Profit Investment Management Llc sold 40,597 shares as the company’s stock rose 36.48% with the market. The institutional investor held 50,899 shares of the industrial machinery and components company at the end of 2016Q2, valued at $4.83 million, down from 91,496 at the end of the previous reported quarter. Profit Investment Management Llc who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $53.89B market cap company. The stock decreased 1.73% or $1.35 during the last trading session, hitting $76.86. About 3.56M shares traded hands or 42.40% up from the average. Danaher Corporation (NYSE:DHR) has risen 22.60% since February 8, 2016 and is uptrending. It has outperformed by 6.12% the S&P500.

Profit Investment Management Llc is a Maryland-based institutional investor with more than $2.21 billion AUM in November, 2014. Taken from Profit Investment Management latest Adv, the fund reported to have 15 full and part-time employees. The institutional investor had between 26-100 clients.

The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.06, from 0.99 in 2016Q1. The ratio is positive, as 43 funds sold all DHR 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.

Riverhead Capital Management Llc holds 6.7% of its portfolio in DHR for 2.17 million shares. Sterling Investment Management Inc. owns 6,485 shares or 5.9% of their US portfolio. Moreover, Davis has 5.39% invested in the company for 75,080 shares. The Hawaii-based Cadinha & Co Llc has invested 5.35% in the stock. Spears Abacus Advisors Llc, a New York-based fund reported 398,334 shares.

Out of 12 analysts covering Danaher (NYSE:DHR), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Danaher has been the topic of 34 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on September 7 with “Overweight” rating.

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial services and products. The company has a market cap of $53.89 billion. The Firm operates in five divisions: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. It has a 19.57 P/E ratio. The Company’s Test & Measurement segment offers products, software and services.

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