Should You Consider Investing in Danaher (DHR)?

Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” second quarter 2022 investor letter – a copy of which can be downloaded here. The Partners III Opportunity Fund’s Institutional Class returned -13.84% in the second quarter, compared to -16.10% for the S&P 500 and -16.70% for the Russell 3000. Year-to-date, the Fund’s Institutional Class returned -18.22% compared to -19.96% for the S&P 500 and -21.10% for the Russell 3000. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter,  Weitz Investment Partners III Opportunity Fund mentioned Danaher Corporation (NYSE:DHR) and explained its insights for the company. Founded in 1969, Danaher Corporation (NYSE:DHR) is a Washington, D.C.-based globally diversified conglomerate with a $206.6 billion market capitalization. Danaher Corporation (NYSE:DHR) delivered a -13.67% return since the beginning of the year, while its 12-month returns are down by -11.42%. The stock closed at $284.04 per share on August 23, 2022.

Here is what Weitz Investment Partners III Opportunity Fund has to say about Danaher Corporation (NYSE:DHR) in its Q2 2022 investor letter:

“Consistent with that approach, portfolio activity among our long holdings tilted toward purchases. We added to almost half our holdings by varying degrees, and we were pleased to initiate new positions in Danaher (NYSE:DHR). Danaher is a provider of instruments and diagnostic tools to medical, life science, and other desirable end-markets worldwide. The business generate significant free cash flow, possess strong competitive positions, and have excellent management teams with demonstrated acquisition records.”


Our calculations show that Danaher Corporation (NYSE:DHR) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Danaher Corporation (NYSE:DHR) was in 83 hedge fund portfolios at the end of the second quarter of 2022, compared to 87 funds in the previous quarter. Danaher Corporation (NYSE:DHR) delivered a 12.71% return in the past 3 months.

In April 2022, we also shared another hedge fund’s views on Danaher Corporation (NYSE:DHR) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

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