5 Safe Stocks to Buy Now According to Billionaire Dan Loeb

2. Danaher Corporation (NYSE:DHR)

Third Point’s Stake Value: $730,392,000

Percentage of Third Point’s 13F Portfolio: 9.5%

Number of Hedge Fund Holders: 83

Danaher Corporation (NYSE:DHR) is a healthcare company that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. The company operates internationally through its Life Sciences, Diagnostics, and Environmental & Applied Solutions segments.

Analyst Deane Dray at RBC Capital holds an Outperform rating on Danaher Corporation (NYSE:DHR) shares as of this July. The analyst also raised his price target on the stock to $317 in the same month. Dray commented that Danaher Corporation (NYSE:DHR) hosts a market-leading, mostly defensive portfolio. It is among Loeb’s safest stock picks this year.

There were 83 hedge funds long Danaher Corporation (NYSE:DHR) in the first quarter, compared to 87 hedge funds long the stock in the previous quarter. Their total stake values were $6.2 billion and $7.4 billion respectively.