Danaher Corp

DHR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$435.00	Glnqv	Sbfmfykpfy

Danaher: Spinoff of Veralto Operations Pushes Down Danaher's Fair Value Estimate Moderately

Julie Utterback

Oct 2, 2023

Narrow-moat Danaher performed a tax-free spinoff of its environmental and applied solutions group, Veralto, to shareholders. We have reduced our fair value estimate to $243 per share from $265 to reflect this distribution of assets. Danaher's shares are trading slightly below fair value, in our opinion.

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