PNC Financial Services Group Inc. cut its stake in shares of Danaher Corp. (NYSE:DHR) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 296,917 shares of the company’s stock after selling 26,363 shares during the period. PNC Financial Services Group Inc.’s holdings in Danaher Corp. were worth $23,276,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DHR. Vanguard Group Inc. boosted its stake in shares of Danaher Corp. by 4.5% in the second quarter. Vanguard Group Inc. now owns 36,674,510 shares of the company’s stock valued at $3,704,126,000 after buying an additional 1,586,751 shares during the last quarter. FMR LLC boosted its stake in shares of Danaher Corp. by 3.3% in the second quarter. FMR LLC now owns 35,987,650 shares of the company’s stock valued at $3,634,752,000 after buying an additional 1,165,271 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Danaher Corp. by 1.2% in the second quarter. Capital Research Global Investors now owns 10,131,602 shares of the company’s stock valued at $1,023,292,000 after buying an additional 117,254 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Danaher Corp. by 9.6% in the second quarter. BlackRock Fund Advisors now owns 7,591,208 shares of the company’s stock valued at $766,712,000 after buying an additional 662,349 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Danaher Corp. by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 7,017,297 shares of the company’s stock valued at $550,086,000 after buying an additional 441,860 shares during the last quarter. Institutional investors own 74.86% of the company’s stock.

Institutional Ownership by Quarter for Danaher Corp. (NYSE:DHR)

Danaher Corp. (NYSE:DHR) traded down 0.99% on Wednesday, reaching $78.35. The company had a trading volume of 506,545 shares. The firm has a market capitalization of $54.19 billion, a PE ratio of 21.92 and a beta of 1.06. The stock has a 50 day moving average of $78.41 and a 200 day moving average of $78.26. Danaher Corp. has a 12 month low of $61.60 and a 12 month high of $82.64.

Danaher Corp. (NYSE:DHR) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Danaher Corp. had a return on equity of 12.90% and a net margin of 11.78%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, analysts anticipate that Danaher Corp. will post $3.59 EPS for the current year.

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Several brokerages have recently commented on DHR. RBC Capital Markets set a $86.00 price target on Danaher Corp. and gave the company a “hold” rating in a research note on Friday, October 21st. Cowen and Company raised Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Friday, November 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Danaher Corp. in a research note on Thursday, October 6th. Zacks Investment Research lowered Danaher Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $86.00 price target on shares of Danaher Corp. in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Danaher Corp. presently has an average rating of “Buy” and a consensus target price of $92.14.

In other Danaher Corp. news, insider Thomas Patrick Joyce, Jr. sold 36,125 shares of the business’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $79.68, for a total transaction of $2,878,440.00. Following the transaction, the insider now owns 205,407 shares in the company, valued at $16,366,829.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.60% of the company’s stock.

Danaher Corp. Company Profile

Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.

5 Day Chart for NYSE:DHR

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