As Danaher Corp Del (DHR) Valuation Declined, Holder Zacks Investment Management Has Trimmed Its Position by $4.19 Million

February 21, 2018 - By Peter Erickson

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.40, from 1.41 in 2017Q2. It is negative, 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. Asset invested in 3,687 shares or 0.05% of the stock. Nordea Mgmt reported 0.03% stake. Headinvest Ltd Liability Corporation reported 64,289 shares. Hightower Advsrs Limited Company stated it has 101,559 shares or 0.07% of all its holdings. Raymond James Assocs owns 390,283 shares for 0.07% of their portfolio. New York-based Renaissance Technology Llc has invested 0.01% in Danaher Corporation (NYSE:DHR). Steinberg Glob Asset Mngmt has 0.2% invested in Danaher Corporation (NYSE:DHR) for 16,064 shares. Blb&B Advsr Ltd Company holds 24,379 shares or 0.32% of its portfolio. Aviva Public Limited Liability stated it has 0.18% in Danaher Corporation (NYSE:DHR). Tradition Mngmt Ltd Liability Corp holds 4,825 shares. Welch And Forbes Ltd Liability Com owns 753,542 shares or 1.7% of their US portfolio. Ballentine Prtnrs Limited Company owns 0.03% invested in Danaher Corporation (NYSE:DHR) for 5,471 shares. Norinchukin Bank & Trust The reported 148,030 shares or 0.25% of all its holdings. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.71% or 204,896 shares in its portfolio. Wills Fincl Gru Incorporated, a Virginia-based fund reported 30,339 shares.

Since August 31, 2017, it had 0 insider purchases, and 7 sales for $37.83 million activity. DANIEL WILLIAM K sold 131,066 shares worth $13.37 million. King William had sold 43,688 shares worth $3.62 million on Thursday, August 31. Lalor Angela S also sold $4.40 million worth of Danaher Corporation (NYSE:DHR) shares. COMAS DANIEL L sold $8.03 million worth of stock or 88,184 shares. EHRLICH DONALD J also sold $960,736 worth of Danaher Corporation (NYSE:DHR) on Tuesday, October 24.

Zacks Investment Management decreased its stake in Danaher Corp Del (DHR) by 54.01% based on its latest 2017Q3 regulatory filing with the SEC. Zacks Investment Management sold 49,309 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 41,984 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.60 million, down from 91,293 at the end of the previous reported quarter. Zacks Investment Management who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $68.56 billion market cap company. The stock increased 1.62% or $1.57 during the last trading session, reaching $98.42. About 565,917 shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since February 21, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Zacks Investment Management, which manages about $3.45B and $4.27 billion US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 16,193 shares to 37,774 shares, valued at $11.83M in 2017Q3, according to the filing. It also increased its holding in Baxter Intl Inc (NYSE:BAX) by 79,725 shares in the quarter, for a total of 305,394 shares, and has risen its stake in Activision Blizzard Inc (NASDAQ:ATVI).

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 $647.83M for 26.46 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.

More important recent Danaher Corporation (NYSE:DHR) news were published by: Prnewswire.com which released: “Danaher Announces Quarterly Dividend” on February 20, 2018, also Seekingalpha.com published article titled: “Danaher’s (DHR) CEO Tom Joyce on Q4 2017 Results – Earnings Call Transcript”, Seekingalpha.com published: “Danaher Back On Track To Start 2018” on January 31, 2018. More interesting news about Danaher Corporation (NYSE:DHR) was released by: Nasdaq.com and their article: “Danaher Corp. Q4 Profit Climbs” with publication date: January 30, 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 had 85 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 23. As per Friday, May 27, the company rating was maintained by RBC Capital Markets. Citigroup maintained Danaher Corporation (NYSE:DHR) rating on Friday, July 21. Citigroup has “Buy” rating and $96 target. RBC Capital Markets maintained the shares of DHR in report on Thursday, September 28 with “Hold” rating. Leerink Swann initiated the stock with “Outperform” rating in Wednesday, September 30 report. The rating was maintained by Credit Suisse with “Buy” on Thursday, May 25. The company was initiated on Wednesday, February 1 by Credit Suisse. The firm has “Buy” rating by Cowen & Co given on Thursday, October 19. The firm earned “Buy” rating on Friday, December 15 by Stifel Nicolaus. Robert W. Baird maintained the shares of DHR in report on Thursday, January 11 with “Buy” rating.

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