First Midwest Bank Trust Division cut its stake in shares of Danaher Corporation (NYSE:DHR) by 41.6% during the second quarter, Holdings Channel reports. The fund owned 13,136 shares of the conglomerate’s stock after selling 9,365 shares during the period. First Midwest Bank Trust Division’s holdings in Danaher Corporation were worth $1,108,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DHR. Benin Management CORP boosted its stake in shares of Danaher Corporation by 2.5% in the second quarter. Benin Management CORP now owns 4,170 shares of the conglomerate’s stock valued at $352,000 after buying an additional 100 shares during the last quarter. Cypress Asset Management Inc. TX boosted its stake in shares of Danaher Corporation by 144.1% in the second quarter. Cypress Asset Management Inc. TX now owns 47,370 shares of the conglomerate’s stock valued at $3,998,000 after buying an additional 27,965 shares during the last quarter. Investment Partners Ltd. OH ADV bought a new stake in shares of Danaher Corporation during the second quarter valued at about $225,000. Osborne Partners Capital Management LLC boosted its stake in shares of Danaher Corporation by 0.8% in the second quarter. Osborne Partners Capital Management LLC now owns 184,408 shares of the conglomerate’s stock valued at $15,562,000 after buying an additional 1,432 shares during the last quarter. Finally, Rosenbaum Jay D. boosted its stake in shares of Danaher Corporation by 10.1% in the second quarter. Rosenbaum Jay D. now owns 4,400 shares of the conglomerate’s stock valued at $371,000 after buying an additional 405 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Danaher Corporation (DHR) traded down 0.49% during midday trading on Thursday, reaching $81.16. The company’s stock had a trading volume of 745,059 shares. Danaher Corporation has a 1-year low of $75.71 and a 1-year high of $88.01. The company has a market capitalization of $56.38 billion, a P/E ratio of 25.90 and a beta of 1.03. The company has a 50 day moving average of $82.52 and a 200-day moving average of $84.24.

Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a return on equity of 11.15% and a net margin of 12.63%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Danaher Corporation will post $3.95 earnings per share for the current fiscal year.

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Several analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and issued a $95.00 target price on shares of Danaher Corporation in a report on Friday, August 4th. BidaskClub cut Danaher Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Danaher Corporation from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, July 28th. Wells Fargo & Company reiterated a “market perform” rating on shares of Danaher Corporation in a report on Saturday, July 22nd. Finally, Citigroup Inc. set a $96.00 price target on Danaher Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $91.76.

In other news, insider William King sold 7,458 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $82.97, for a total value of $618,790.26. Following the completion of the sale, the insider now owns 18,245 shares of the company’s stock, valued at $1,513,787.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Angela S. Lalor sold 10,815 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $84.16, for a total value of $910,190.40. Following the completion of the sale, the senior vice president now directly owns 39,020 shares of the company’s stock, valued at approximately $3,283,923.20. The disclosure for this sale can be found here. Insiders sold 38,623 shares of company stock valued at $3,206,426 in the last ninety days. Company insiders own 12.20% of the company’s stock.

Danaher Corporation Company Profile

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.

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Institutional Ownership by Quarter for Danaher Corporation (NYSE:DHR)

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