Sustainable Growth Advisers 13F: Cuts Danaher (DHR) Stake by $93M

Sustainable Growth Advisers reduced its stake in Danaher Corporation (NYSE: DHR) during the period, according to a Form 13F filing submitted to the SEC on October 15, 2026. Institutional 13F filings are backward-looking reports that show holdings from the close of a prior quarter and may not represent the investor's exact position today.

What Changed in Sustainable Growth Advisers's Danaher Position

Sustainable Growth Advisers trimmed its investment by selling off 421,516 shares of Danaher Corporation. That marked a 28.4% decrease from the previous quarter, bringing the firm's total holding down to 1,063,782 shares. The remaining shares had a reported value of $235,680,902 at the time of the filing.

Other Institutional Activity in Danaher

Other major institutional investors made adjustments to their own Danaher positions around the same reporting cycle. Blackrock Inc. grew its holdings by 3,444,403 shares, ending with 55,084,630 shares worth about $12,616,583,285. Vanguard Capital Management LLC added 250,870 shares, lifting its stake by 0.6% to 41,377,076 shares valued at $9,477,005,209. FMR, LLC grew its holdings by 7,006,075 shares, a 31.1% increase that left it with 29,540,895 shares worth $6,766,046,392. State Street Corporation grew its holdings by 560,696 shares, ending with 28,456,019 shares worth $6,517,566,400. Finally, Wellington Management Group, LLP grew its holdings by 1,542,446 shares, a 10.4% increase to 16,316,834 shares worth $3,737,207,549.

Danaher Corporation Stock Up 1.8%

Danaher Corporation shares recently traded around $228.70 as of October 16, 2026. The stock sits above its 50-day moving average of $213.32 and trades higher than its 200-day moving average of $201.33. The share price remains 5.8% below its 52-week high of $242.80 while sitting well above its 52-week low of $160.93.

Recent Earnings

For its trailing twelve-month period, Danaher reported revenue of $25,106,999,296 alongside earnings of $5.61 per share. The company posted a net margin of 15.9% and a return on equity of 7.6%. Revenue grew by 5.5% compared to the same period a year prior. Investors will watch for the company's next earnings report, scheduled for October 21, 2026.

Dividend

Danaher pays an annual dividend with a yield of 0.69% and a dividend payout ratio of 25.7%.

Insider Buying and Selling at Danaher Corporation

Company insiders also made trades prior to the filing. Director Alan G Spoon sold 1,358 shares on May 1, 2026, at an average price of $174.67 for a total value of $237,207. Chief Executive Officer Rainer M Blair disposed of 58,255 shares on August 21, 2026, totaling $12,736,095.

Analysts Set New Price Targets

Wall Street analysts have updated their views on Danaher. Guggenheim maintained a Buy rating on the stock while raising its price target to $250.00 from $200.00 on October 1, 2026. RBC Capital maintained an Outperform rating and lifted its target to $250.00 from $215.00 on October 5, 2026. Barclays maintained an Overweight rating and raised its target to $255.00 from $230.00 on October 7, 2026. Morgan Stanley maintained an Overweight rating with a target moved to $240.00 from $220.00 on October 13, 2026. TD Cowen maintained a Buy rating and pushed its target to $255.00 from $236.00 on October 13, 2026. Overall, the stock carries a consensus recommendation of strong buy with a mean price target of $244.14 across 22 analyst opinions.

About Danaher Corporation

Headquartered in Washington, DC, Danaher Corporation operates as a science and technology innovator. The firm designs, manufactures, and markets professional, medical, research, and industrial products and services through segments focused on biotechnology, life sciences, and diagnostics. Institutional moves like the one by Sustainable Growth Advisers offer a look at how long-term asset managers handle their stakes in major healthcare names.

Bottom Line

Sustainable Growth Advisers trimmed its stake significantly, but overall institutional interest remains broad as earnings approach on October 21, 2026. Keep in mind that 13F filings are historical snapshots and may not reflect current holdings.