BlackRock Amends Danaher Stake to 6.5% as of Dec 31, 2023

Ticker: DHR · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, large-cap

TL;DR

**BlackRock still owns 6.5% of Danaher, showing continued confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Danaher Corporation (DHR) as of December 31, 2023. This filing, Amendment No. 7, indicates BlackRock's continued significant, but passive, stake in Danaher, holding 48,092,727 shares of Common Stock, representing 6.5% of the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence in Danaher's future performance, even if this specific filing shows a slight decrease from previous disclosures.

Why It Matters

This filing confirms BlackRock's substantial, long-term investment in Danaher, providing a vote of confidence from one of the world's largest asset managers. Investors can view this as a positive signal regarding Danaher's stability and growth prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive ownership stake by a large institutional investor, which generally poses low risk to the company's operations or stock price.

Analyst Insight

Investors should note BlackRock's continued significant, passive stake in Danaher, which suggests institutional confidence. While not an active investment signal, it reinforces Danaher's position as a stable holding for large asset managers.

Key Numbers

48,092,727 — Shares Owned (BlackRock's total beneficial ownership in Danaher Common Stock as of December 31, 2023.)
6.5% — Percentage Ownership (The percentage of Danaher's Common Stock beneficially owned by BlackRock, indicating a significant but passive stake.)
7 — Amendment Number (This is the seventh amendment to BlackRock's Schedule 13G filing for Danaher, showing ongoing reporting.)

Key Players & Entities

BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
Danaher Corporation (company) — the subject company in which BlackRock holds shares
48,092,727 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
6.5% (dollar_amount) — percentage of Danaher's class of securities beneficially owned by BlackRock
December 31, 2023 (date) — the date of the event requiring this filing
January 26, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

BlackRock will maintain a significant, passive stake in Danaher Corporation for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

What is the purpose of this specific SC 13G/A filing by BlackRock Inc. regarding Danaher Corporation?

This SC 13G/A (Amendment No. 7) is filed by BlackRock Inc. to update its beneficial ownership of Common Stock in Danaher Corporation as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

How many shares of Danaher Corporation's Common Stock does BlackRock Inc. beneficially own according to this filing?

BlackRock Inc. beneficially owns 48,092,727 shares of Danaher Corporation's Common Stock as reported in this filing.

What percentage of Danaher Corporation's class of securities does BlackRock Inc. own?

BlackRock Inc. beneficially owns 6.5% of Danaher Corporation's class of securities, specifically its Common Stock.

What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.

Under which rule of the Securities Exchange Act of 1934 is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.

From the Filing

0001086364-24-004868.txt : 20240126 0001086364-24-004868.hdr.sgml : 20240126 20240126172651 ACCESSION NUMBER: 0001086364-24-004868 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DANAHER CORP /DE/ CENTRAL INDEX KEY: 0000313616 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 591995548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31677 FILM NUMBER: 24569232 BUSINESS ADDRESS: STREET 1: 2200 PENNSYLVANIA AVE. N.W. STREET 2: SUITE 800W CITY: WASHINGTON STATE: DC ZIP: 20037-1701 BUSINESS PHONE: 2028280850 MAIL ADDRESS: STREET 1: 2200 PENNSYLVANIA AVE. N.W. STREET 2: SUITE 800W CITY: WASHINGTON STATE: DC ZIP: 20037-1701 FORMER COMPANY: FORMER CONFORMED NAME: DMG INC DATE OF NAME CHANGE: 19850221 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us2358511028_012624.txt us2358511028_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7) DANAHER CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 235851102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 235851102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 45891457 (6) Shared voting power 0 (7) Sole dispositive power 50771463 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 50771463 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- DANAHER CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2200 PENNSYLVANIA AVE. N.W., SUITE 800W WASHINGTON DC 20037-1701 Ite