Munger Mode rating: 4 out of 5 — Buy. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
Current Price: ~$195.50 Market Cap: ~$138B 52-Week Range: $180–$243 Forward P/E: ~24x Charlie and I have spent many pleasant hours studying serial acquirers over the decades. Most are terrible — they grow by eating low-quality businesses, add financial engineering on top, and eventually the whole edifice collapses when the music stops. A rare few — Berkshire aside — have built something genuinely durable by marrying a thoughtful operating discipline to a steady diet of good businesses. Danaher is one of them. The company we are looking at today is a very different animal from the Danaher we might have examined a decade ago. Gone are the dental tools, the industrial instruments, the environmental water platforms.
Recent filings analysed: 8-K (2026-08-03), 8-K (2026-06-03), 8-K (2026-05-07), 8-K (2026-04-29).
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