Danaher Corp (NYSE: DHR) is 5.15% higher on its value in year-to-date trading and has touched a low of $192.35 and a high of $281.70 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 $245.39 in the last trading session, with the day’s loss setting it -2.14% off its average median price target of $290.00 for the next 12 months. It is also 22.78% off the consensus price target high of $315.00 offered by 28 analysts, but current levels are 4.61% higher than the price target low of $255.00 for the same period.
Currently trading at $243.25, the stock is -4.08% and -7.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.29 million and changing -0.87% at the moment leaves the stock -5.31% off its SMA200. DHR registered 24.41% gain for a year compared to 6-month gain of -3.32%. The firm has a 50-day simple moving average (SMA 50) of $264.8724 and a 200-day simple moving average (SMA200) of $256.8338.
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The stock witnessed a -10.02% loss in the last 1 month and extending the period to 3 months gives it a -9.47%, and is -1.59% 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 2.07% over the week and 2.10% over the month.
Danaher Corp (DHR) has around 63000 employees, a market worth around $175.19B and $23.74B in sales. Current P/E ratio is 46.40 and Fwd P/E is 28.93. Profit margin for the company is 16.39%. Distance from 52-week low is 26.47% and -13.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
Danaher Corp (DHR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Danaher Corp (DHR) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 1.61, where 7 rate it as a Hold and 3 think it is a “Overweight”. 18 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
with sales reaching $6.39B over the same period.The EPS is expected to shrink by -1.07% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -0.30% in year-over-year returns.
Danaher Corp (DHR) Top Institutional Holders
2974.0 institutions hold shares in Danaher Corp (DHR), with institutional investors hold 91.88% of the company’s shares. The shares outstanding are 739.20M, and float is at 656.57M with Short Float at 0.81%. Institutions hold 81.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 60.49 million shares valued at $15.11 billion. The investor’s holdings represent 8.1684% of the DHR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 50.54 million shares valued at $12.63 billion to account for 6.8241 of the shares outstanding. The other top investors are STATE STREET CORP which holds 27.67 million shares representing 3.7366% and valued at over $6.92 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 3.3051 of the shares totaling 24.48 million with a market value of $6.12 billion.
Danaher Corp (DHR) Insider Activity
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Still, SEC filings show that on Aug 26 ’24, Couchara Georgeann (SVP, Human Resources) disposed off 952 shares at an average price of $268.37 for $0.26 million. The insider now directly holds 4,212 shares of Danaher Corp (DHR).
