5 Healthcare Stocks Billionaires Like the Most

1. Danaher Corporation (NYSE:DHR)

Number of Billionaire Holders: 25

Danaher Corporation (NYSE:DHR) is a global science and technology company providing products and services across life sciences, diagnostics, environmental and applied sectors through more than 20 operating companies. It has operations in more than 60 countries.

On December 6, Danaher Corporation (NYSE:DHR) completed the acquisition of Abcam plc (NASDAQ:ABCM), a protein consumables supplier, in an all-cash transaction implying an enterprise value of nearly $5.7 billion for the target company.

Previously, Danaher Corporation (NYSE:DHR) completed the separation of its Environmental & Applied Solutions segment, through the spin-off of Veralto Corporation. The Veralto stock started trading on the NYSE on October 2.

Danaher Corporation (NYSE:DHR) ranks first on our list of 12 healthcare stocks billionaires like the most. The shares of the company were owned by 25 billionaires with ownership of total shares valued at $4.2 billion according to the Insider Monkey database.

Oakmark Funds, advised by Harris Associates, made the following comments about Danaher Corporation (NYSE:DHR) in its Q3 2023 investor letter:

“Danaher is a global leader in life sciences tools and diagnostics. We are impressed by Danaher’s excellent track record of creating shareholder value through smart capital allocation and world-class operational execution. The company’s business mix has shifted dramatically in recent years following a series of transformative acquisitions and divestitures. We believe these portfolio improvements leave the company attractively positioned in some of the industry’s fastest growing, most profitable niches within life sciences. Near-term headwinds related to the pandemic are overshadowing this attractive long-term outlook, in our view. More specifically, Danaher sells diagnostic tests and critical inputs needed for manufacturing Covid-19 vaccines. As Covid-19 demand has normalized, Danaher experienced sales headwinds and channel destocking, pressuring its stock price. The shares now trade at a discount to both peers and private market transactions, giving us an attractive opportunity to invest in what we view as a high-quality, resilient business at a discounted valuation.”

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