T. Rowe Price Associates Reports $3.5B Stake in Danaher Corp. - cbl

Posted February 10, 2012

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By Bill Murphy

WASHINGTON -- T. Rowe Price Associates Inc. has cut its stake in Danaher Corp. (NYSE: DHR) to 9.60 percent but the value of its portfolio still rose to $3.46 billion, according to an SEC filing.

The Baltimore investing giant said it owned 66.20 million shares in the Washington-based maker of scientific and industrial devices, down from 71.07 million shares, representing a 10.36 percent stake worth $2.98 billion last September. The current value of its stake is based on the stock's closing price of $52.31 per share on Feb. 9.

Danaher reported net earnings of $1.9 billion, or $2.77 per share, in 2011, compared with $1.7 billion, or $2.53 per share, in 2010.

T. Rowe Price, founded in 1937, manages nearly $510 billion in assets. Led by James Kennedy, the group provides mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.

Form 13G filing: http://tinyurl.com/7croa6m

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Danaher Corp.

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