Danaher Corp (NYSE: DHR) is -0.55% lower on its value in year-to-date trading and has touched a low of $206.30 and a high of $281.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DHR stock was last observed hovering at around $230.50 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $230.06, the stock is -5.98% and -11.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.77 million and changing -0.19% at the moment leaves the stock -10.39% off its SMA200. DHR registered 10.02% gain for a year compared to 6-month gain of -13.87%. The firm has a 50-day simple moving average (SMA 50) of $262.1788 and a 200-day simple moving average (SMA200) of $256.8205.
The stock witnessed a -16.15% loss in the last 1 month and extending the period to 3 months gives it a -15.31%, and is -5.42% 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 1.95% over the week and 2.12% over the month.
Danaher Corp (DHR) has around 63000 employees, a market worth around $160.00B and $23.74B in sales. Current P/E ratio is 43.88 and Fwd P/E is 27.44. Profit margin for the company is 16.39%. Distance from 52-week low is 11.52% and -18.33% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
The EPS is expected to shrink by -1.19% this year.
Danaher Corp (DHR) Top Institutional Holders
3016.0 institutions hold shares in Danaher Corp (DHR), with institutional investors hold 91.47% of the company’s shares. The shares outstanding are 739.20M, and float is at 692.84M with Short Float at 0.75%. Institutions hold 81.40% 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).
