When it comes to investing in this market, it's less about flashiness and more about fundamentals - or so says fund manager Daniel Kallus, who believes Danaher Corp. (DHR) is exactly the kind of high-quality growth stock investors should have on their radar right now.

Danaher, a diversified technology manufacturer best known as the maker of Craftsman tools, is attractive because of its strong balance sheet and smart acquisitions strategy, said Kallus, who manages the Monteagle Quality Growth Fund [MFGIX] distributed out of Nashville, Tenn., and serves as director of equities at Houston-based Davis Hamilton Jackson & Associates.

"It's definitely not an aggressive name," said Kallus, who has held the stock in his fund for several years. "It's really for the patient, longer-term investor looking for downside protection."

A key aspect of Danaher's appeal is in its management team's propensity for making the right acquisitions at the right time, and for the right price.