Billionaire Tom Sandell is Buying These 5 Stocks

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1. Danaher Corporation (NYSE:DHR)

Sandell Asset Management’s Stake Value: $39,836,000 

Percentage of Sandell Asset Management’s 13F Portfolio: 22.29%

Danaher Corporation (NYSE:DHR) is a developer, manufacturer, and seller of commercial, industrial, and medical products and services through its three business segments, namely Diagnostics, Environmental and Applied Sciences, and Life Sciences.

Danaher Corporation (NYSE:DHR) reported its Q3 2021 results before the opening bell on October 21. The Washington-based company reported strong results beating top-line and bottom-line estimates for the quarter. The company reported revenues of $7.23 billion, increasing by 23% from the same quarter last year and outperforming the analysts’ estimate of $7 billion. Meanwhile, the adjusted EPS came in at $2.39, beating the consensus estimate of $2.15. For Q4 2021, Danaher Corporation (NYSE:DHR) anticipates core revenue growth of the low-to-mid-teens percent range.

Danaher Corporation (NYSE:DHR) was mentioned in the Q2 2021 investor letter of investment management firm ClearBridge Investments. Here’s what the firm said:

“Our differentiated positions in the health care sector also made strong contributions as the market began to reward the heavily discounted sector. Danaher, for example, is seeing customer activity approach pre-pandemic levels and is executing well. In addition to improving health through its life sciences (research tools for biopharmaceutical, food and beverage, medical, aerospace and microelectronics industries) and diagnostics (tools for use in labs and critical care settings) businesses, Danaher offers environmental and applied solutions that keep global food and water supplies safe.”

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