Danaher Corp. (NYSE: DHR – $92.60) a manufacturer of industrial, scientific and commercial products, reported its Q3 2015 net income higher than analysts’ consensus. Adjusted earnings per share for the quarter was $1.05, up from $0.99 per share in the prior year period and higher than the $1.04 per share expected by Wall Street. Sales were $5.02 billion, up from $4.71 billion reported for the same period last year and in line with estimates. Danaher, which will be spinning off its industrial products business from its higher growth science and technology segments, had another good quarter with solid core revenue growth, free cash flow and earnings performance. In a challenging global macro environment, Danaher has been able to continue to enhance its businesses through organic growth initiatives and strategic acquisitions, most notably Pall Corp., which will be a key part of the “New Danaher”. For the fourth quarter, the company expects adjusted earnings to range from $1.25 to $1.29 per share, slightly below the consensus mid-point. The shares, closing in on its all-time high of $92.92 set back in August, should remain in conservative accounts for now. Following the split, I will be review the two companies and determine a longer-range investment strategy for the conservative portfolio.