Is it Safe to Invest in Danaher (DHR)?

ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” third quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the third quarter. On an absolute basis, the Strategy had gains in six of 10 sectors in which it was invested (out of 11 sectors total). You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

ClearBridge Sustainability Leaders Strategy, in its Q3 2021 investor letter, mentioned Danaher Corporation (NYSE: DHR) and discussed its stance on the firm. Danaher Corporation is a Washington, D.C.-based conglomerate company with a $225.6 billion market capitalization. DHR delivered a -4.03% return since the beginning of the year, while its 12-month returns are up by 41.45%. The stock closed at $315.76 per share on January 03, 2022

Here is what ClearBridge Sustainability Leaders Strategy has to say about Danaher Corporation  in its Q3 2021 investor letter:

“Diversified health care company Danaher, a top contributor in the second quarter, had a strong third quarter as well, posting a strong beat-and-raise driven by COVID-19 testing, a rebound for in-person activity and no impact from variants/renewed shutdowns.”

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Based on our calculations, Danaher Corporation (NYSE: DHR) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. DHR was in 74 hedge fund portfolios at the end of the third quarter of 2021, compared to 78 funds in the previous quarter. Danaher Corporation (NYSE: DHR) delivered a 5.76% return in the past 3 months.

In October 2021, we also shared another hedge fund’s views on DHR in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

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