John Allison’s Unio Capital Portfolio: 5 Dividend Stocks

4. Danaher Corporation (NYSE:DHR)

Dividend Yield as of July 3: 0.39%
Unio Capital’s Stake Value: $782,000

Danaher Corporation (NYSE:DHR) is an American manufacturing company that deals in medical, industrial, and commercial products. In Q1 2022, the company’s revenues increased 12% year-over-year to $7.7 billion and its net earnings came in at $1.7 billion.

In the past 10 years, Danaher Corporation (NYSE:DHR) has raised its dividend at a CAGR of 29%. The company currently offers a quarterly payout of $0.25 per share, with a yield of 0.39%, as of July 3. RBC Capital appreciated the company’s portfolio in June and raised its price target on Danaher Corporation (NYSE:DHR) to $310 while upgrading the stock to Outperform.

During Q1 2022, Unio Capital trimmed its position in Danaher Corporation (NYSE:DHR) by 7%, taking its total stake in the company to $782,000. The company constituted 4.13% of John Allison’s portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in Danaher Corporation (NYSE:DHR) stood at 83 in Q1, falling from 87 in the previous quarter. The collective value of stakes owned by these hedge funds stood at over $6 billion. Ken Fisher, Dan Loeb, and Ken Griffin were some of the most prominent stakeholders of the Washington-based company in Q1.

Cooper Investors mentioned Danaher Corporation (NYSE:DHR) in its Q1 2022 investor letter. Here is what the firm has to say:

“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.”