This 2020 top pick has soared 45% for subscribers

Article Excerpt

DANAHER CORP. $237 is a buy. The company (New York symbol DHR; Manufacturing & Industry sector; Shares outstanding 707.2 million; Market cap: $167.6 billion; Dividend yield: 0.3%; Takeover Target Rating: Medium; www.danaher.com) is a leading maker of precision-testing equipment and tools. Its major customers include medical research labs and municipal water utilities. Its main brands include Beckman Coulter, ChemTreat, Pantone and KaVo Kerr. We named Danaher our #1 Spinoff Buy for 2020 and it didn’t disappoint. It has shot up a whopping 45% in the past year, and we feel it has more gains ahead. The company has a long history of successful spinoffs. They include industrial products maker Fortive Inc. (New York symbol FTV), which has gained 68% since its July 2016 spinoff, and dental-products company Envista Holdings Corp. (New York symbol NVST), which is now up 28% since its December 2019 split. In March 2020, Danaher completed its purchase of the BioPharma division of General Electric Co. (New York symbol GE). It paid $20.7 billion for that business, now…