Do You Believe in the Excellent Long-Term Outlook for Danaher Corporation (DHR)?

Madison Investments, an investment advisor, released its “Madison Investors Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund advanced 8.5% compared to an 8.7% return for S&P 500 Index benchmark.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Madison Investors Fund highlighted stocks like Danaher Corporation (NYSE:DHR) in the second quarter 2023 investor letter. Headquartered in Washington, the District of Columbia, Danaher Corporation (NYSE:DHR) manufactures, and markets professional, medical, industrial, and commercial products and services. On July 13, 2023, Danaher Corporation (NYSE:DHR) stock closed at $238.81 per share. One-month return of Danaher Corporation (NYSE:DHR) was -1.24%, and its shares lost 6.63% of their value over the last 52 weeks. Danaher Corporation (NYSE:DHR) has a market capitalization of $176.218 billion.

Madison Investors Fund made the following comment about Danaher Corporation (NYSE:DHR) in its second quarter 2023 investor letter:

“The bottom five individual contributors for the quarter were U.S. Bancorp, Progressive, Analog Devices, Dollar Tree, and Danaher Corporation (NYSE:DHR). Analog Devices and Danaher are both seeing end market demand moderate (in semiconductor and medical research, respectively) compared to the artificially high levels they experienced for two years due to the post-Covid chaos in supply chains. Despite these near-term dynamics, we think the longer-term outlooks remain excellent in both cases.”

dna, health, medicine

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Danaher Corporation (NYSE:DHR) is in 29th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Danaher Corporation (NYSE:DHR) at the end of first quarter 2023 which was 88 in the previous quarter.

We discussed Danaher Corporation (NYSE:DHR) in another article and shared Oakmark Global Fund’s views on the company. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.