12 Safest Stocks to Buy According to Hedge Funds

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6. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 98     

Danaher Corporation (NYSE:DHR) is a Washington-based conglomerate with interests in professional, medical, industrial, and commercial products and services. This company represents a valuable investment opportunity for a number of reasons. To begin, the company has shown great growth in dividends with 11 consecutive years of increases, significantly exceeding the sector median of 2 years by 450%. The company has also maintained dividend payments for 31 years, surpassing the sector median of 15 years by 106%, reflecting its long-standing commitment to shareholder returns. Moreover, Danaher Diagnostics LLC and Danaher Ventures LLC, two subsidiaries of Danaher Corporation, have formed an investment partnership with Innovaccer that would improve patient outcomes and experience through novel digital and diagnostic solutions. Significantly, this also aligns with the company’s mission to accelerate the transition to precision medicine with AI-enabled diagnostics.

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