These 5 Companies Just Increased Their Dividends By Over 10%

2. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 87

Percentage of Dividend Increase: 19%

Danaher Corporation (NYSE:DHR) is a Washington-based conglomerate that designs and markets professional, medical, industrial, and commercial products. The three main segments at Danaher Corporation (NYSE:DHR) are Life Sciences, Diagnostics, and Environmental and Applied Solutions. 

Danaher Corporation (NYSE:DHR) reported a $0.25 per share quarterly dividend on February 23, a 19% increase from its previous dividend of $0.21. The dividend will be paid on April 29 to shareholders of record on March 25. 

On January 27, Danaher Corporation (NYSE:DHR) announced its Q4 results, posting EPS of $2.69, beating estimates by $0.15. The company’s revenue for the period jumped 20.53% year-on-year to $8.15 billion, exceeding consensus estimates by $162.62 million. 

Wells Fargo analyst Dan Leonard lowered the firm’s price target on Danaher Corporation (NYSE:DHR) to $330 from $350 on January 28 but kept an ‘Overweight’ rating on the shares, reflecting a view that its core growth algorithm and COVID-19 soft landing are underappreciated.

Dan Loeb’s Third Point is a significant stakeholder of Danaher Corporation (NYSE:DHR) as of the end of 2021, owning 2.90 million shares worth over $954 million. Overall, 87 hedge funds were bullish on Danaher Corporation (NYSE:DHR) at that time, up from 74 funds in the previous quarter. 

Here is what ClearBridge Sustainability Leaders Strategy had to say about Danaher Corporation (NYSE:DHR) in its Q3 2021 investor letter:

“Diversified health care company Danaher, a top contributor in the second quarter, had a strong third quarter as well, posting a strong beat-and-raise driven by COVID-19 testing, a rebound for in-person activity and no impact from variants/renewed shutdowns.”