5 Best Medical Technology Stocks To Buy Now

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 103

Founded in 1984 by brothers Steven and Mitchell Rales, Danaher Corporation (NYSE:DHR) is a diversified American conglomerate with a global presence. The company, headquartered in Washington, D.C., 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) unveiled its Q3 2023 earnings report on October 24, 2023, disclosing a net earnings figure of $1.1 billion, equivalent to $1.51 per diluted common share. Despite facing a 10.5% year-over-year decline in revenues, amounting to $6.9 billion, the company exceeded 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. Danaher Corporation (NYSE:DHR)’s largest hedge fund shareholder is Andreas Haloversen’s Viking Global since it owns 4.63 million shares that are worth $1.02 billion.