Danaher Corp. (DHR) Stock Could Soon Reward Patient Investors

Danaher Corp. (NYSE: DHR) is 5.02% higher on its value in year-to-date trading and has touched a low of $182.09 and a high of $249.89 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 $245.87 in the last trading session, with the day’s loss setting it -2.92%.

Currently trading at $242.95, the stock is 3.13% and 5.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -1.19% at the moment leaves the stock 11.52% off its SMA200. DHR registered 4.64% gain for a year compared to 6-month gain of 6.49%. The firm has a 50-day simple moving average (SMA 50) of $8.04 and a 200-day simple moving average (SMA200) of $25.63.

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The stock witnessed a 5.80% loss in the last 1 month and extending the period to 3 months gives it a 23.44%, and is -1.37% 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 1.71% over the week and 2.20% over the month.

Danaher Corp. (DHR) has around Dec 28 2023 employees, a market worth around $179.59B and $27.60B in sales. Current P/E ratio is 38.04 and Fwd P/E is 27.99. Profit margin for the company is 17.18%. Distance from 52-week low is 33.42% and -2.78% from its 52-week high. The company has generated returns on investments over the last 12 months (6.76%).

Danaher Corp. quarterly earnings per share for the current quarter are estimated at $1.71 with sales reaching $5.62B over the same period.The EPS is expected to grow by 1.13% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to shrink -21.60% in year-over-year returns.

Danaher Corp. (DHR) Top Institutional Holders

2,836 institutions hold shares in Danaher Corp. (DHR), with institutional investors hold 91.25% of the company’s shares. The shares outstanding are 739.20M, and float is at 673.82M with Short Float at 0.91%. Institutions hold 81.45% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 55.92 million shares valued at $13.42 billion. The investor’s holdings represent 7.57% of the DHR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 50.28 million shares valued at $12.07 billion to account for 6.81% of the shares outstanding. The other top investors are State Street Corporation which holds 27.96 million shares representing 3.79% and valued at over $6.71 billion, while FMR, LLC holds 3.00% of the shares totaling 22.15 million with a market value of $5.31 billion.

Danaher Corp. (DHR) Insider Activity

A total of 1 insider transactions have happened at Danaher Corp. (DHR) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by List Teri ,the company’sDirector. SEC filings show that List Teri sold 3,289 shares of the company’s common stock on Feb 06 at a price of $248.32 per share for a total of $0.82 million. Following the sale, the insider now owns 19726.0 shares.

Danaher Corp. disclosed in a document filed with the SEC on Aug 21 that Gutierrez-Ramos Jose-Carlos (SVP, Chief Science Officer) sold a total of 590 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $250.54 per share for $0.15 million. Following the transaction, the insider now directly holds 6939.0 shares of the DHR stock.

Still, SEC filings show that on Jul 28, Raskas Daniel (SVP – Corporate Development) disposed off 11,213 shares at an average price of $260.65 for $2.92 million. The insider now directly holds 38,288 shares of Danaher Corp. (DHR).

Danaher Corp. (DHR): Who are the competitors?

The company’s main competitors (and peers) include Rogers Corp. (ROG) that is trading -19.18% down over the past 12 months. Roche Holding AG Akt (RO) that is -21.02% lower over the same period.