Here is What Hedge Funds Think About Danaher Corporation (DHR)

On the other hand, some investors decided to unload their entire stakes in Danaher Corporation between July and September. For example, First Eagle Investment Management dropped the largest investment of the “upper crust” of funds followed by Insider Monkey, totaling close to $234.8 million in stock. John Smith Clark’s fund, Southpoint Capital Advisors, also closed its position, worth about $126.3 million. These bearish behaviors are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s check out hedge fund activity in other stocks similar to Danaher Corporation (NYSE:DHR). We will take a look at Costco Wholesale Corporation (NASDAQ:COST), BHP Billiton plc (ADR) (NYSE:BBL), Simon Property Group, Inc (NYSE:SPG), and Colgate-Palmolive Company (NYSE:CL). This group of stocks’ market valuations are similar to DHR’s market valuation.

As you can see these stocks had an average of 32 funds holding shares and the average amount invested in these stocks was $1.37 billion. That figure was $1.99 billion in Danaher Corporation’s case. Costco Wholesale Corporation (NASDAQ:COST) is the most popular stock in this table. On the other hand BHP Billiton plc (ADR) (NYSE:BBL) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Danaher Corporation (NYSE:DHR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.