5 Best Stocks to Buy According to Billionaire Daniel Sundheim

2. Danaher Corporation (NYSE: DHR)

Sundheim’s Stake Value: $597,634,000
Percentage of Daniel Sundheim’s 13F Portfolio: 4.42%
Number of Hedge Fund Holders: 81

Danaher Corporation (NYSE: DHR) develops, manufactures, and markets professional, medical, industrial, and commercial products and services. It was founded in 1969 and is placed second on the list of 10 best stocks to buy according to billionaire Daniel Sundheim. Shares of Danaher are up 48.81% in the past 12 months.

On August 4, Credit Suisse analyst Katie Tryhane initiated a coverage on the stock and rated it as “Outperform,” giving it a price target of $306. On July 27, Danaher Corporation (NYSE: DHR) declared that its two subsidiaries Pall Corporation and Cytiva, have devised a strategic growth strategy to invest more than $1.5 billion in expanding manufacturing capacity and services for global life sciences customers. The two companies would invest approximately $600 million and $400 million, respectively, to increase the production of essential goods required to develop biological medicines, such as chromatography resins and cell culture media. On July 22, Danaher declared earnings for the first quarter of 2021. It reported earnings per share of $2.46, beating market predictions by $0.41. The revenue for the first three months of 2021 was $7.22 billion, up 36.2% YoY, beating the estimates by $510 million. 

D1 Capital Partners holds 2.66 million shares in Danaher Corporation (NYSE: DHR) worth over $597 million, representing 4.42% of their portfolio. In addition, there were 81 hedge funds in our database that held stakes in Danaher at the end of the first quarter of 2021, the same as the quarter earlier.