Danaher Corporation (NYSE: DHR) is 2.32% higher on its value in year-to-date trading and has touched a low of $233.71 and a high of $303.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DHR stock was last observed hovering at around $277.00 in the last trading session, with the day’s loss setting it -5.42% off its average median price target of $300.00 for the next 12 months. It is also 25.59% off the consensus price target high of $365.00 offered by 27 analysts, but current levels are -0.59% lower than the price target low of $270.00 for the same period.
Currently trading at $271.58, the stock is 2.16% and 2.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.21 million and changing -1.96% at the moment leaves the stock 2.23% off its SMA200. DHR registered -3.16% loss for a year compared to 6-month loss of -0.66%.
The stock witnessed a 4.06% gain in the last 1 month and extending the period to 3 months gives it a 11.03%, and is -1.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.67% over the month.
Danaher Corporation (DHR) has around 78000 employees, a market worth around $195.09B and $31.25B in sales. Current P/E ratio is 29.98 and Fwd P/E is 26.20. Profit margin for the company is 21.20%. Distance from 52-week low is 16.20% and -10.61% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
Danaher Corporation (DHR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Danaher Corporation (DHR) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.00, where 7 rate it as a Hold and 3 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Danaher Corporation is expected to release its quarterly report on 04/20/2023.The EPS is expected to grow by 73.90% this year.
Danaher Corporation (DHR) Top Institutional Holders
The shares outstanding are 728.50M, and float is at 648.17M with Short Float at 0.65%.
Danaher Corporation (DHR) Insider Activity
A total of 23 insider transactions have happened at Danaher Corporation (DHR) in the last six months, with sales accounting for 14 and purchases happening 9 times. The most recent transaction is an insider sale by Weidemanis Joakim,the company’sExecutive Vice President. SEC filings show that Weidemanis Joakim sold 9,508 shares of the company’s common stock on Nov 28 at a price of $266.60 per share for a total of $2.53 million. Following the sale, the insider now owns 71498.0 shares.
Danaher Corporation disclosed in a document filed with the SEC on Nov 15 that Couchara Georgeann (SVP, Human Resources) sold a total of 1,884 shares of the company’s common stock. The trade occurred on Nov 15 and was made at $271.61 per share for $0.51 million. Following the transaction, the insider now directly holds 2588.0 shares of the DHR stock.
Still, SEC filings show that on Nov 11, McGrew Matthew (EVP & Chief Financial Officer) disposed off 18,935 shares at an average price of $274.72 for $5.2 million. The insider now directly holds 29,634 shares of Danaher Corporation (DHR).
Danaher Corporation (DHR): Who are the competitors?
The company’s main competitors (and peers) include Rogers Corporation (ROG) that is trading -51.90% down over the past 12 months. Thermo Fisher Scientific Inc. (TMO) is 0.07% up on the 1-year trading charts.