Danaher Corporation (DHR): Keep paying attention to its insider activity


Danaher Corporation (NYSE:DHR) saw a downside of -1.96% to close Tuesday at $271.58 after subtracting -$5.42 on the day. The 5-day average trading volume is 2,864,880 shares of the company’s common stock. It has gained $279.32 in the past week and touched a new high 2 times within the past 5 days. An average of 2,486,215 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,433,702.

DHR’s 1-month performance is 4.06% or $11.72 on its low of $242.48 reached on 01/06/23. The company’s shares have touched a 52-week low of $233.71 and high of $303.82, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, DHR has achieved 2.32% or $6.16 and has reached a new high 6 times. However, the current price is down -10.61% from the 52-week high price.

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Insider Transactions

DHR stock investors last saw insider trading activity on Nov 28.Weidemanis Joakim (Executive Vice President) most recently sold 9,508 shares at $266.60 per share on Nov 28. This transaction cost the insider $2,534,878. SVP, Human Resources, Couchara Georgeann, sold 1,884 shares at a price of $271.61 on Nov 15. Then, on Nov 11, EVP & Chief Financial Officer McGrew Matthew sold 18,935 shares at a price of $274.72 per share. This transaction amounted to $5,201,845.

Valuation Metrics

DHR stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.24 while the price-to-book (PB) in the most recent quarter is 4.37, with the price to cash flow ratio at 31.15.

Danaher Corporation’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.41, while the total debt to equity was 0.42.. In terms of profitability, the gross margin trailing 12 months is 60.60%. The firm’s gross profit as reported stood at $17.95 billion against revenue of $29.45 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 27.98% to $1.55 billion, while revenue of $1.66 billion was -6.9% off the previous quarter. Analysts expected DHR to announce $2.26 per share in earnings in its latest quarter, but it posted $2.56, representing a 13.30% surprise. EBITDA for the quarter stood at more than $2.56 billion. DHR stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 34.04 billion, with total debt at $20.25 billion. Shareholders hold equity totaling $727.96 million.

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 24 January was 53.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.12%.

The stock’s 5-day moving average is $272.88, reflecting a -1.21% or -$3.34 change from its current price. DHR is currently trading +4.99% above its 20-day SMA, -0.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.97% and SMA200 by-6.13%.

Stochastic %K and %D was 86.87% and 84.83% and the average true range (ATR) pointed at 7.93. The RSI (14) points at 53.93%, while the 14-day stochastic is at 78.99% with the period’s ATR at 7.77. The stock’s 9-day MACD Oscillator is pointing at 1.10 and 6.11 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Danaher Corporation (NYSE: DHR), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for DHR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DHR as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 16 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 $275.00 and a high of $365.00, with their median price target at $300.00. Looking at these predictions, the average price target given by analysts is for Danaher Corporation (DHR) stock is $307.81.


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