We still like Danaher’s prospects

Article Excerpt

Danaher has completed three separate spinoffs in the past few years: industrial-products maker Fortive Corp. (New York symbol FTV) in July 2016; dental equipment specialist Envista Holdings Corp. (New York symbol NVST) in September 2019; and water quality and product identification leader Veralto Corp. (New York symbol VLTO) in September 2023. The remaining company still has over 15 different operating units, so more spinoffs seem likely. The stock is down 18% since the start of 2025, mainly due to concerns that tariffs will hurt sales of its products in China (which accounts for 12% of its revenue). Even so, acquisitions and new products should spur its long-term growth. DANAHER CORP. $188 remains a buy for aggressive investors. The company (New York symbol DHR; Manufacturing & Industry sector; Shares outstanding 722.3 million; Market cap: $135.8 billion; Dividend yield: 0.7%; Takeover Target Rating: Medium; www.danaher.com) has three main businesses: Diagnostics (43% of revenue in the latest quarter) makes clinical instruments, consumables, software and services that hospitals, physicians’ offices, reference laboratories and…