Is it Still Worthy to Keep Your Danaher (DHR) Shares?

Cooper Investors, an investment management firm, published its “Global Equities Fund (Hedged)” first quarter 2022 investor letter – a copy of which can be downloaded here. After a strong 2021, the Fund has endured a tough start to the year, returning -12.45%. In simple terms, the very narrow parts of the market doing well year to date (oil and gas, miners, some banks) are areas in which the fund is underweight, whereas many of the businesses we do own got dragged into a period of indiscriminate selling early in the quarter. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Cooper Investors Global Equities 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 $198.2 billion market capitalization. Danaher Corporation (NYSE:DHR) delivered a -16.39% return since the beginning of the year, while its 12-month returns are up by 13.17%. The stock closed at $275.07 per share on April 18, 2022.

Here is what Cooper Investors Global Equities Fund has to say about Danaher Corporation (NYSE:DHR) in its Q1 2022 investor letter:

“This combination of attributes was not in favour during a quarter where the market rotated into larger, more traditional index heavyweights that, while growing more slowly and generating lower returns on capital, typically trade on lower headline multiples. In Healthcare for example, we saw portfolio holdings Danaher fall 10-15% in the quarter. Given the relative business quality and growth prospects for a life sciences capital allocator champion like Danaher versus a large diversified pharma company, we think this period of underperformance is likely more a blip than a trend.”

Our calculations show that Danaher Corporation (NYSE:DHR) ranks 29th on our list of the 30 Most Popular Stocks Among Hedge Funds. Danaher Corporation (NYSE:DHR) was in 87 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 74 funds in the previous quarter. Danaher Corporation (NYSE:DHR) delivered a -6.22% return in the past 3 months.

In January 2022, we published an article that includes 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 Q1 page.

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