5 Best Medical Technology Stocks to Buy

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 82     

Danaher Corporation (NYSE:DHR) designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company is one of the most prominent medical technology stocks to invest in. The company has an impressive dividend profile. It has consistently paid a dividend to shareholders for the past twenty-eight years. These payouts have also registered growth in the past eight years. On September 13, the firm declared a quarterly dividend of $0.25 per share, in line with previous. 

On August 24, Credit Suisse analyst Dan Leonard initiated coverage of Danaher Corporation (NASDAQ:DHR) stock with an Outperform rating and a $340 price target, noting the strong emergence of the firm following the pandemic due to capital flow and growth. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Danaher Corporation (NYSE:DHR), with 3.8 million shares worth more than $973 million.  

In its Q2 2022 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Danaher Corporation (NYSE:DHR) was one of them. Here is what the fund said:

“Consistent with that approach, portfolio activity among our long holdings tilted toward purchases. We added to almost half our holdings by varying degrees, and we were pleased to initiate new positions in Danaher (NYSE:DHR). Danaher is a provider of instruments and diagnostic tools to medical, life science, and other desirable end-markets worldwide. The business generate significant free cash flow, possess strong competitive positions, and have excellent management teams with demonstrated acquisition records.”