Danaher Corp (NYSE: DHR) is -1.21% lower on its value in year-to-date trading and has touched a low of $222.53 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 $226.16 in the last trading session, with the day’s gains setting it 2.39%.
Currently trading at $228.55, the stock is -2.55% and -6.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.03 million and changing 1.06% at the moment leaves the stock -10.34% off its SMA200. DHR registered 0.77% gain for a year compared to 6-month loss of -10.99%. The firm has a 50-day simple moving average (SMA 50) of $243.6974 and a 200-day simple moving average (SMA200) of $254.895.
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The stock witnessed a -1.95% gain in the last 1 month and extending the period to 3 months gives it a -16.33%, and is -2.70% 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 2.16% over the week and 1.90% over the month.
Danaher Corp (DHR) has around 63000 employees, a market worth around $166.82B and $23.74B in sales. Current P/E ratio is 43.59 and Fwd P/E is 27.42. Profit margin for the company is 16.39%. Distance from 52-week low is 2.71% and -18.87% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
with sales reaching $6.39B over the same period.The EPS is expected to shrink by -1.15% this year, but quarterly earnings will post -0.63% year-over-year. Quarterly sales are estimated to shrink -0.21% in year-over-year returns.
Danaher Corp (DHR) Top Institutional Holders
3027.0 institutions hold shares in Danaher Corp (DHR), with institutional investors hold 91.54% of the company’s shares. The shares outstanding are 722.20M, and float is at 692.96M with Short Float at 0.78%. Institutions hold 81.46% 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
The most recent transaction is an insider sale by Raskas Daniel, the company’s SVP – Corporate Development. SEC filings show that Raskas Daniel sold 26,318 shares of the company’s common stock on Nov 26 ’24 at a price of $236.59 per share for a total of $6.23 million. Following the sale, the insider now owns 15225.0 shares.
Danaher Corp disclosed in a document filed with the SEC on Nov 25 ’24 that Raskas Daniel (SVP – Corporate Development) sold a total of 8,370 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $238.00 per share for $1.99 million. Following the transaction, the insider now directly holds 15225.0 shares of the DHR stock.
Still, SEC filings show that on Nov 26 ’24, Raskas Daniel (Officer) Proposed Sale 26,318 shares at an average price of $236.59 for $6.23 million. The insider now directly holds shares of Danaher Corp (DHR).
