Would It Be A Good Move Today To Buy Danaher Corporation (DHR) Stock?

As of Wednesday close, Danaher Corporation’s (NYSE:DHR) stock was up $2.04, moving up 0.84 percent to $245.91. The average number of shares traded per day over the past five days has been 3,184,500 shares. 1 time new highs have been achieved over the past 5 days, with a $3.49 gain in that time frame. In the last twenty days, the average volume was 2,625,040, while in the previous 50 days, it was 2,798,490.

Since last month, DHR stock retreated -2.34%. Shares of the company fell to $238.23 on 06/16/22, the lowest level in the past month. A 52-week high of $333.96 was reached on 01/03/22 after having rallying from a 52-week low of $233.71. Since the beginning of this year, DHR’s stock price has dropped by -25.26% or -$83.10, and marked a new high 1 time. However, the stock has declined by -26.37% since its 52-week high.

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Danaher Corporation (DHR) last reported insider trading activity 38 days ago on May 16. RALES MITCHELL P, the Chairman of Exec. Committee of the company, purchased of 200 shares for $247.89 on May 16. It resulted in a $49,578 investment by the insider. Weidemanis Joakim sold 6,500 shares at an average price of $255.74 on Apr 25. The insider now owns 86,398 shares following the transaction. On Feb 02, Senior Vice President – GC Ellis Brian W sold 5,365 shares at $293.99 apiece. The transaction was valued at $1,577,248.

Valuation Metrics

Right now, Danaher Corporation (DHR) has a P/E ratio of about 28.87. The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 5.96, the price-to-book (PB) ratio of 4.09, and the price-to-cash flow ratio of 28.21 may also be considered.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Wednesday February 23 2022, a $0.04 dividend increase was announced.

Financial Health

In the three months ended March 30, Danaher Corporation’s quick ratio stood at 1.30, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.51, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 60.80% percent. In the year ended March 30, operating margins totaled 24.90%. Based on annual data, DHR earned $17.95 billion in gross profit and brought in $29.45 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 15.30%.

In Danaher Corporation’s quarter-end financial report for March 30, it reported total debt of $21.77 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DHR’s revenue rose 10.8% to $8.15 billion during the quarter, while net income inched up to $7.69 billion. While analysts expected Danaher Corporation to report $2.66 quarterly earnings, the actual figure was $2.76 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated $2.74 billion in EBITDA. The liabilities of Danaher Corporation were 37.03 billion at the end of its most recent quarter ended March 30, and its total debt was $22.88 billion. The value of shareholders’ equity is $727.08 million.

Technical Picture

This quick technical analysis looks at Danaher Corporation’s (DHR) price momentum. With a historical volatility rate of 27.37%, the RSI 9-day stood at 43.84% on 22 June.

With respect to its five-day moving average, the current Danaher Corporation price is up by +1.44% percent or $3.49. At present, DHR shares trade -2.85% below its 20-day simple moving average and -8.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.84% below its SMA50 and -26.03% below its SMA200.

Stochastic coefficient K was 12.91% and Stochastic coefficient D was 7.36%, while ATR was 7.50. Given the Stochastic reading of 21.72% for the 14-day period, the RSI (14) reading has been calculated as 44.17%. As of today, the MACD Oscillator reading stands at -2.83, while the 14-day reading stands at -10.60.

Analyst Ratings

RBC Capital Mkts upgraded its rating on Danaher Corporation (NYSE: DHR) to an Outperform in a note to investors on June 01, 2022. The analysts firm previously had a Sector perform rating on the stock.Danaher Corporation (DHR) has been rated Overweight by analysts. According to 0 brokerage firms, DHR is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Danaher Corporation stock as buy, with 16 recommending it as overweight.

With a median target price of $335.00, the current consensus forecast for the stock is $265.00 – $365.00. Based on these forecasts, analysts predict Danaher Corporation (DHR) will achieve an average price target of $329.18.


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