A Closer Look At Danaher Corporation (DHR)’s Financials

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As of Friday close, Danaher Corporation’s (NYSE:DHR) stock was down -$6.38, moving down -2.56 percent to $242.96. The average number of shares traded per day over the past five days has been 2,704,920 shares. 3 times new highs have been achieved over the past 5 days, with a $3.21 gain in that time frame. In the last twenty days, the average volume was 2,528,125, while in the previous 50 days, it was 2,685,278.

Since last month, DHR stock retreated -5.50%. Shares of the company fell to $237.00 on 03/13/23, the lowest level in the past month. A 52-week high of $303.82 was reached on 01/23/23 after having rallying from a 52-week low of $233.71. Since the beginning of this year, DHR’s stock price has dropped by -8.46% or -$22.46, and marked a new high 6 times. However, the stock has declined by -20.03% since its 52-week high.

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Sponsored

DHR stock investors should be aware that Danaher Corporation (DHR) stock had its last reported insider trading activity 52 days ago on Jan 25. Stevens Raymond C, the Director of the company, disposed of 8,410 shares for $264.27 on Jan 25. It resulted in a $2,222,514 divestment by the insider. Weidemanis Joakim sold 9,508 shares at an average price of $266.60 on Nov 28. The insider now owns 71,498 shares following the transaction. On Nov 15, SVP, Human Resources Couchara Georgeann sold 1,884 shares at $271.61 apiece. The transaction was valued at $511,719.

Valuation Metrics

Right now, Danaher Corporation (DHR) has a P/E ratio of about 25.14. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 5.72, the price-to-book (PB) ratio of 3.66, and the price-to-cash flow ratio of 27.47 may also be considered.

The latest dividend of $0.27 per share was paid out, which is 8.0% more than last year’s $0.25.

Financial Health

In the three months ended December 30, Danaher Corporation’s quick ratio stood at 1.50, while its current ratio was 1.90, 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 December 30 was 0.39, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 60.20% percent. In the year ended December 30, operating margins totaled 27.60%. Based on annual data, DHR earned $18.95 billion in gross profit and brought in $31.47 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 11.20%. Return on equity (ROE) for the past 12 months was 15.60%.

In Danaher Corporation’s quarter-end financial report for December 30, it reported total debt of $19.09 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DHR’s revenue rose 2.64% to $7.66 billion during the quarter, while net income inched up to $8.37 billion. While analysts expected Danaher Corporation to report $2.54 quarterly earnings, the actual figure was $2.87 per share, beating the consensus estimate by 13.00%. The liabilities of Danaher Corporation were 34.26 billion at the end of its most recent quarter ended December 30, and its total debt was $20.74 billion.

Technical Picture

This quick technical analysis looks at Danaher Corporation’s (DHR) price momentum. With a historical volatility rate of 28.44%, the RSI 9-day stood at 43.02% on 17 March.

With respect to its five-day moving average, the current Danaher Corporation price is up by +1.34% percent or $3.21. At present, DHR shares trade -5.00% below its 20-day simple moving average and -0.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.79% below its SMA50 and -7.91% below its SMA200.

Stochastic coefficient K was 44.76% and Stochastic coefficient D was 41.46%, while ATR was 6.33. Given the Stochastic reading of 34.18% for the 14-day period, the RSI (14) reading has been calculated as 42.25%. As of today, the MACD Oscillator reading stands at 0.80, while the 14-day reading stands at -1.03.

Analyst Ratings

Danaher Corporation downgraded its rating on Danaher Corporation (NYSE: DHR) to a Neutral in a note to investors on January 05, 2023. The analysts firm previously had an Outperform rating on the stock.Danaher Corporation (DHR) has been rated Overweight by analysts. According to 0 brokerage firms, DHR is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Danaher Corporation stock as buy, with 16 recommending it as overweight.

With a median target price of $303.00, the current consensus forecast for the stock is $270.00 – $356.00. Based on these forecasts, analysts predict Danaher Corporation (DHR) will achieve an average price target of $303.55.

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