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Danaher Corp. (DHR) Volatility At 1.69%, Should You Add A Position?

Danaher Corp. (NYSE: DHR) is 4.56% higher on its value in year-to-date trading and has touched a low of $182.09 and a high of $259.00 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 $244.34 in the last trading session, with the day’s loss setting it -2.44%.

Currently trading at $241.90, the stock is -3.69% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -1.00% at the moment leaves the stock 7.07% off its SMA200. DHR registered 9.12% gain for a year compared to 6-month gain of 12.15%. The firm has a 50-day simple moving average (SMA 50) of $8.07 and a 200-day simple moving average (SMA200) of $25.72.

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The stock witnessed a -4.91% loss in the last 1 month and extending the period to 3 months gives it a 4.80%, and is -2.76% 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 1.69% over the week and 1.56% over the month.

Danaher Corp. (DHR) has around 63000 employees, a market worth around $179.14B and $27.60B in sales. Current P/E ratio is 37.90 and Fwd P/E is 27.93. Profit margin for the company is 17.18%. Distance from 52-week low is 32.85% and -6.60% from its 52-week high. The company has generated returns on investments over the last 12 months (6.67%).

Danaher Corp. quarterly earnings per share for the current quarter are estimated at $1.71 with sales reaching $5.22B over the same period.The EPS is expected to grow by 0.89% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to shrink -27.20% in year-over-year returns.

2,864 institutions hold shares in Danaher Corp. (DHR), with institutional investors hold 91.52% of the company’s shares. The shares outstanding are 739.20M, and float is at 675.18M with Short Float at 0.84%. Institutions hold 81.68% 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

The most recent transaction is an insider sale by Raskas Daniel, the company’s SVP – Corporate Development. SEC filings show that Raskas Daniel sold 23,757 shares of the company’s common stock on Feb 26 ’24 at a price of $252.00 per share for a total of $5.99 million. Following the sale, the insider now owns 38102.0 shares.

Danaher Corp. disclosed in a document filed with the SEC on Feb 15 ’24 that LOHR WALTER G (Director) sold a total of 3,289 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $251.15 per share for $0.83 million. Following the transaction, the insider now directly holds 14129.0 shares of the DHR stock.

Still, SEC filings show that on Feb 13 ’24, Couchara Georgeann (SVP, Human Resources) disposed off 2,622 shares at an average price of $242.67 for $0.64 million. The insider now directly holds 4,244 shares of Danaher Corp. (DHR).

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