Retirement Stock Portfolio: 5 Healthcare Stocks To Consider

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 103

Established in 1984 by brothers Steven and Mitchell Rales, Danaher Corporation (NYSE:DHR) stands as a diversified American conglomerate with a global footprint. Headquartered in Washington, D.C., the company specializes in the design, manufacturing, and marketing of medical, industrial, and commercial products and services. Danaher Corporation (NYSE:DHR) operates through three distinct segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions.

Danaher Corporation (NYSE:DHR) released its Q3 2023 earnings report on October 24, 2023, revealing a net earnings figure of $1.1 billion, equivalent to $1.51 per diluted common share. Despite encountering a 10.5% year-over-year decline in revenues, totaling $6.9 billion, the company surpassed expectations in earnings, showcasing resilience in a challenging operating environment.

As of September 2023, 103 out of the 910 hedge funds surveyed by Insider Monkey had purchased shares of the firm.