Danaher Corporation (DHR): What Technical Indicators Show

Danaher Corporation (NYSE:DHR) saw a downside of -0.57% to $297.03 after subtracting -$1.71 on Tuesday. The 5-day average trading volume is 1,290,991 shares of the company’s common stock. It has gained $306.62 in the past week. An average of 2,086,578 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,000,821.

DHR’s 1-month performance is -9.47% or -$32.97 on its low of $290.06 reached on 10/01/21. The company’s shares have touched a 52-week low of $211.22 and high of $333.96, with the stock’s rally to the 52-week high happening on 09/10/21. YTD, DHR has achieved 34.48% or $74.88. However, the current price is down -11.06%% from the 52-week high price.


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Insider Transactions

On Aug 13, 60 days have gone by since the last insider trading activity for Danaher Corporation (DHR). LUTZ ROBERT S (SVP-Chief Accounting Officer) most recently sold 5,000 shares at $313.40 per share on Aug 13. This transaction cost the insider $1,567,001. Executive Vice President, Weidemanis Joakim, sold 6,700 shares at a price of $298.93 on Jul 30. Then, on Jul 28, SVP and General Counsel Ellis Brian W sold 12,000 shares at a price of $291.00 per share. This transaction amounted to $3,492,000.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 50.49 and a low of 21.19. DHR stock has a beta of 0.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.06 while the price-to-book (PB) in the most recent quarter is 5.41, with the price to cash flow ratio at 34.81.

Danaher Corporation pays an annual dividend of $0.84 per share. Its dividend yield is 0.28% and the payout ratio is 9.80%. DHR paid $0.21 a share compared with prior rate of $0.21, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.03 reported on Tuesday February 23 2021. Measured over the last 3 years, the Dividend has been growing by 28.57% yearly.

It is projected that Danaher Corporation’s next ex-dividend date will be on 27-Dec. DHR is expected to distribute $0.21 as its next dividend.

Danaher Corporation’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 2.30 meaning that DHR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.52. In terms of profitability, the gross margin trailing 12 months is 59.20%. The trailing 12-month EBITDA margin is 27.32% while for the period ending June 29; Danaher Corporation’s operating margin was 25.00%. The firm’s gross profit as reported stood at $12.47 billion against revenue of $22.28 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DHR to announce $2.05 per share in earnings in its latest quarter, but it posted $2.46, representing a 20.00% surprise. EBITDA for the quarter stood at more than $2.53 billion. DHR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 35.26 billion, with total debt at $20.53 billion. Shareholders hold equity totaling $713.9 million

Technical Picture

Let’s look briefly at Danaher Corporation (DHR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 24.66% to suggest the stock is trending oversold, with historical volatility in this time period at 9.39%.

The stock’s 5-day moving average is $299.75, reflecting a -0.83% or -$2.50 change from its current price. DHR is currently trading -8.35% above its 20-day SMA, +16.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.01% and +34.10% respectively.

Stochastic %K and %D was 22.74% and 26.42% and the average true range (ATR) pointed at 6.71. The RSI (14) points at 30.34%, while the 14-day stochastic is at 18.80% with the period’s ATR at 6.63. The stock’s 9-day MACD Oscillator is pointing at -1.89 and -7.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Danaher Corporation (NYSE: DHR), BofA Securities reiterated its a Buy rating for the company but lifted their price target by $340 to $360. Analysts offering their rating for DHR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DHR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 17 have offered a “buy” rating.

What is DHR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $288.00 and a high of $365.00, with their median price target at $335.00. Looking at these predictions, the average price target given by analysts is for Danaher Corporation (DHR) stock is $335.65.

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