Investor Market Move: King Luther Capital Management Corp Has Cut Its Danaher Corp Del (DHR) Stake by $3.50 Million; Share Price Rose

Investor Market Move: King Luther Capital Management Corp Has Cut Its Danaher Corp Del (DHR) Stake by $3.50 Million; Share Price Rose

King Luther Capital Management Corp decreased its stake in Danaher Corp Del (DHR) by 1.97% based on its latest 2016Q3 regulatory filing with the SEC. King Luther Capital Management Corp sold 44,908 shares as the company’s stock rose 1.05% with the market. The institutional investor held 2.23 million shares of the industrial machinery and components company at the end of 2016Q3, valued at $174.73 million, down from 2.27M at the end of the previous reported quarter. King Luther Capital Management Corp who had been investing in Danaher Corp Del for a number of months, seems to be less bullish one the $56.45 billion market cap company. The stock closed at $81.1 during the last session. It is down 7.56% since June 7, 2016 and is uptrending. It has outperformed by 0.14% the S&P500.

King Luther Capital Management Corp, which manages about $16.93B and $10.24 billion US Long portfolio, upped its stake in Occidental Pete Corp Del (NYSE:OXY) by 110,450 shares to 611,255 shares, valued at $44.57 million in 2016Q3, according to the filing. It also increased its holding in Vwr Corp by 311,617 shares in the quarter, for a total of 1.74 million shares, and has risen its stake in Kirby Corp (NYSE:KEX).

King Luther Capital Management Corp is a Texas-based institutional investor with more than $16.93 billion AUM in January, 2015. Taken from King Luther Capital Management latest Adv, the fund reported to have 76 full and part-time employees. Among which 44 performing investment advisory and research functions. The institutional investor had more than 2000 clients.

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q3. Its up 0.26, from 1.05 in 2016Q2. The ratio is positive, as 88 funds sold all DHR shares owned while 290 reduced positions. 86 funds bought stakes while 409 increased positions. They now own 505.49 million shares or 1.28% less from 512.05 million shares in 2016Q2. Ativo Limited Liability Corp has 38,367 shares for 0.69% of their US portfolio. Willingdon Wealth holds 0.16% or 4,048 shares in its portfolio. Violich Management Incorporated last reported 65,915 shares in the company. Endurance Wealth, a Rhode Island-based fund reported 76,581 shares. Cadence State Bank Na last reported 0.15% of its portfolio in the stock. Aureus Asset Mngmt Ltd Liability Co has 0.62% invested in the company for 39,781 shares. The Massachusetts-based North American Management Corp has invested 1.7% in Danaher Corporation (NYSE:DHR). Verition Fund Management Limited Liability Company holds 0.08% or 9,102 shares in its portfolio. The Indiana-based 1St Source Retail Bank has invested 0.44% in Danaher Corporation (NYSE:DHR). Mizuho And Banking Limited last reported 0.24% of its portfolio in the stock. Parametric Associate Limited Liability Company has 1.34 million shares for 0.16% of their US portfolio. Fiduciary Tru last reported 0.03% of its portfolio in the stock. Godshalk Welsh Management last reported 0.22% of its portfolio in the stock. Stack Fincl Mngmt holds 254,366 shares or 2.32% of its portfolio. Martin Currie holds 0.57% or 80,343 shares in its portfolio.

Insider Transactions: Since July 27, 2016, the stock had 0 insider buys, and 3 sales for $14.42 million net activity. Another trade for 36,125 shares valued at $2.88 million was sold by Joyce Thomas Patrick JR. The insider COMAS DANIEL L sold 96,446 shares worth $7.80 million.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on January, 24. They expect $1.03 earnings per share, down 18.90% or $0.24 from last year’s $1.27 per share. DHR’s profit will be $716.94M for 19.68 P/E if the $1.03 EPS becomes a reality. After $0.87 actual earnings per share reported by Danaher Corporation for the previous quarter, Wall Street now forecasts 18.39% EPS growth.

More notable recent Danaher Corporation (NYSE:DHR) news were published by: Prnewswire.com which released: “Danaher To Present At J.P. Morgan Healthcare Conference” on January 04, 2017, also Fool.com with their article: “Is Danaher Corporation Stock a Buy for 2017?” published on December 27, 2016, Prnewswire.com published: “Danaher Initiates 2017 Outlook” on December 15, 2016. More interesting news about Danaher Corporation (NYSE:DHR) were released by: Nasdaq.com and their article: “Danaher Corporation (DHR) Ex-Dividend Date Scheduled for December 28, 2016” published on December 27, 2016 as well as Equitiesfocus.com‘s news article titled: “Danaher Corporation (NYSE:DHR) Mean Price Target At $89.72” with publication date: January 09, 2017.

According to Zacks Investment Research, “Danaher Corporation conducts its operations through two business segments: Process/Environmental Controls and Tools and Components. The Process/Environmental Controls segment produces and sells a range of products including compact, professional electronic test tools, quality assurance products and systems, and power protection products. The Tools and Components segment is a worldwide producer and distributor of general purpose mechanics’ hand tools and automotive specialty tools.”

Danaher Corporation (NYSE:DHR) Ratings Coverage

Out of 13 analysts covering Danaher Corporation (NYSE:DHR), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Danaher Corporation has been the topic of 42 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Argus Research maintained it with “Buy” rating and $98 target price in Tuesday, July 28 report. The rating was downgraded by Bernstein to “Market Perform” on Monday, April 4. The stock has “Outperform” rating given by Leerink Swann on Wednesday, September 30. Sterne Agee CRT maintained the shares of DHR in a report on Monday, April 25 with “Neutral” rating. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. RBC Capital Markets maintained it with “Sector Perform” rating and $92 target price in Friday, October 23 report. Stifel Nicolaus maintained Danaher Corporation (NYSE:DHR) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $103.0 price target. The rating was downgraded by Goldman Sachs on Tuesday, December 8 to “Neutral”. The stock of Danaher Corporation (NYSE:DHR) has “Outperform” rating given on Friday, November 11 by Cowen & Co. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Argus Research on Monday, October 26.

DHR Company Profile

Danaher Corporation (Danaher), incorporated on October 3, 1986, is a global science and technology company. The Company’s research and development, manufacturing, sales, distribution, service and administrative facilities are located in approximately 50 countries. The Company’s divisions include Environmental; Life Sciences & Diagnostics, and Dental. The Company’s product identification business develops and makes equipment, consumables and software for various printing, marking, coding, design and color management applications on consumer and industrial products. The Company’s product identification products are marketed under the ESKO, FOBA, LINX, PANTONE, VIDEOJET and X-RITE brands. The Company’s manufacturing facilities are located in North America, Europe, South America and Asia.

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