5 Best Drug Stocks To Invest In

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1. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 103

Established in 1984 by brothers Steven and Mitchell Rales, Danaher Corporation (NYSE:DHR) stands as a diversified American conglomerate with a global footprint. Headquartered in Washington, D.C., the company specializes in the design, manufacturing, and marketing of medical, industrial, and commercial products and services. Danaher Corporation (NYSE:DHR) operates through three distinct segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions.

Danaher Corporation (NYSE:DHR) released its Q3 2023 earnings report on October 24, 2023, revealing a net earnings figure of $1.1 billion, equivalent to $1.51 per diluted common share. Despite encountering a 10.5% year-over-year decline in revenues, totaling $6.9 billion, the company surpassed expectations in earnings, showcasing resilience in a challenging operating environment.

As of September 2023, 103 among the 910 hedge funds surveyed by Insider Monkey had bought the firm’s shares.

Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and 10 Travel Stocks Billionaires Are Loading Up On.

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