As Danaher Corp (DHR) Share Price Declined, First Manhattan Company Boosted Its Stake by $8.89 Million

February 25, 2018 - By Peter Erickson

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.40, from 1.41 in 2017Q2. It worsened, as 58 investors sold DHR shares while 367 reduced holdings. 78 funds opened positions while 352 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. United Kingdom-based Findlay Park Prtnrs Ltd Liability Partnership has invested 3.49% in Danaher Corporation (NYSE:DHR). 96,300 are owned by Renaissance Tech Ltd Limited Liability Company. Fmr Ltd Llc owns 20.85 million shares or 0.22% of their US portfolio. Ckw Financial Grp reported 400 shares. Pennsylvania-based Dt Invest Partners Llc has invested 0.03% in Danaher Corporation (NYSE:DHR). Dnb Asset Management As accumulated 65,855 shares. Nordea Mngmt invested in 0.03% or 152,102 shares. Keybank Association Oh stated it has 0.25% of its portfolio in Danaher Corporation (NYSE:DHR). Hikari Tsushin accumulated 65,135 shares. Spectrum Asset Mgmt (Nb Ca) holds 11,275 shares or 0.83% of its portfolio. Dowling & Yahnke Llc owns 40,963 shares. Fil holds 0.01% of its portfolio in Danaher Corporation (NYSE:DHR) for 35,042 shares. Kentucky-based Cullinan Associates has invested 0.27% in Danaher Corporation (NYSE:DHR). Cls Invests Lc accumulated 0% or 344 shares. Inverness Counsel Ltd Liability Company New York has invested 1.46% in Danaher Corporation (NYSE:DHR).

Since August 31, 2017, it had 0 insider purchases, and 7 selling transactions for $37.83 million activity. LUTZ ROBERT S sold $1.03 million worth of stock. $960,736 worth of Danaher Corporation (NYSE:DHR) was sold by EHRLICH DONALD J. The insider DANIEL WILLIAM K sold 131,066 shares worth $13.37 million. Shares for $4.40M were sold by Lalor Angela S. Another trade for 43,688 shares valued at $3.62 million was sold by King William.

First Manhattan Company increased its stake in Danaher Corp (DHR) by 3.8% based on its latest 2017Q3 regulatory filing with the SEC. First Manhattan Company bought 104,593 shares as the company’s stock declined 2.27% while stock markets rallied. The hedge fund held 2.86M shares of the industrial machinery and components company at the end of 2017Q3, valued at $244.99M, up from 2.75 million at the end of the previous reported quarter. First Manhattan Company who had been investing in Danaher Corp for a number of months, seems to be bullish on the $69.29B market cap company. The stock increased 2.02% or $1.97 during the last trading session, reaching $99.33. About 1.65 million shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since February 25, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

First Manhattan Company, which manages about $20.51 billion and $17.46B US Long portfolio, decreased its stake in Coty Inc (NYSE:COTY) by 241,111 shares to 5.96M shares, valued at $98.54 million in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 19,456 shares in the quarter, leaving it with 13,406 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

More notable recent Danaher Corporation (NYSE:DHR) news were published by: Seekingalpha.com which released: “Danaher’s (DHR) CEO Tom Joyce on Q4 2017 Results – Earnings Call Transcript” on January 30, 2018, also Nasdaq.com with their article: “Danaher Corp. Q4 Profit Climbs” published on January 30, 2018, Seekingalpha.com published: “Danaher Back On Track To Start 2018” on January 31, 2018. More interesting news about Danaher Corporation (NYSE:DHR) were released by: Prnewswire.com and their article: “Danaher Reports Fourth Quarter And Full Year 2017 Results” published on January 30, 2018 as well as Prnewswire.com‘s news article titled: “Danaher Announces Quarterly Dividend” with publication date: February 20, 2018.

Danaher Corporation (NYSE:DHR) Ratings Coverage

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation has $120 highest and $83.0 lowest target. $103.05’s average target is 3.75% above currents $99.33 stock price. Danaher Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Danaher Corporation (NYSE:DHR) has “Hold” rating given on Thursday, October 19 by RBC Capital Markets. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Stifel Nicolaus on Friday, December 15. The firm has “Neutral” rating by Citigroup given on Wednesday, July 27. The stock of Danaher Corporation (NYSE:DHR) has “Outperform” rating given on Wednesday, February 1 by Credit Suisse. As per Thursday, May 25, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 19. J.P. Morgan maintained the stock with “Buy” rating in Friday, September 8 report. The rating was maintained by Jefferies with “Buy” on Wednesday, September 13. The firm has “Sector Perform” rating given on Wednesday, January 27 by RBC Capital Markets. As per Friday, February 24, the company rating was upgraded by Citigroup.

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