We're buying this stock for the second time this week, taking advantage post-earnings selling

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The roughly 10% decline in shares since earnings is too excessive.

We're buying 25 shares of Danaher at roughly $243 each. Following Thursday's trade, Jim Cramer's Charitable Trust will own 525 shares of DHR, increasing its weighting to 3.67% from 3.5%. We're picking up more shares of Danaher as we continue to view the roughly 10% decline in shares of the life sciences company since earnings as too excessive and a chance to add to our position for the second time this week at a cheaper price.

On Thursday morning, Wolfe Research upgraded its rating on Danaher to an outperform buy and set a $285 per share price target. Even though Wolfe said it has always believed Danaher was one of the top assets in the tools industry, it held a peer perform hold rating on the stock because the analysts thought consensus expectations and the stock's valuation were too high. That has all changed in the past week.

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