The stock of Danaher Corporation (NYSE:DHR) decreased by -$1.95 on Tuesday to finish at $255.23, down -0.76 percent. The last five days have seen an average of 1,592,260 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$10.19. The average number of shares traded over the last 20 days was 3,207,590, while the average volume over the last 50 days totaled 2,951,674.
DHR stock appreciated 7.35% since last month. On 07/17/23, the company’s shares reached a one-month low of $234.90. The stock touched a high of $303.82 on 01/23/23, after rallying from a low of $221.22 in 52 weeks. The price of DHR stock has declined by -3.84% or -$10.19 this year, reaching a new high 6 times. Still, the stock price is down -15.99% from the 52-week high.
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Insider Transactions
DHR stock investors should be aware that Danaher Corporation (DHR) stock had its last reported insider trading activity 19 days ago on Jul 28. On Jul 28, SVP – Corporate Development Raskas Daniel sold 11,213 shares at $260.65 each. This transaction resulted in the insider making $2,922,652. On Jul 28, FILLER LINDA sold 10,190 shares at a price of US$260.25. After the transaction, the insider now owns 38,152 shares. Executive Vice President Weidemanis Joakim had earlier sold 22,439 shares on Jul 26 for $263.42 a share. The transaction was completed for $5,910,832.
Valuation Metrics
Danaher Corporation (DHR) has a trailing price-to-earnings (P/E) ratio of 29.94. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.26, the price-to-book (PB) ratio of 3.64, and the price-to-cash flow ratio of 26.37.
Company paid $0.27 per share in dividends, remained unchanged from $0.27 last year. A $0.02 dividend increase was reported on Wednesday February 22 2023.
Financial Health
For the three months ended June 29, Danaher Corporation’s quick ratio was 1.70, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.35, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 59.10% percent. Danaher Corporation’s EBITDA margin for the year ended June 29 was 34.70%, whereas its operating margin stood at 24.80% for the same period. Based on annual data, it had gross profit of $18.95 billion and revenue of $31.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DHR’s return on assets (ROA) during the last 12 months has been 7.50%. There was a 11.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.90%.
Earnings Surprise
According to Danaher Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.16 billion, while revenues fell by -8.3% to $7.17 billion. It was predicted that Danaher Corporation’s quarterly earnings would be $2.05, but it ended up being $2.01, beating the consensus by 2.00%. EBITDA was $1.99 billion for the quarter. At the end of Danaher Corporation’s most recent quarter ended June 29, its liabilities totaled 33.18 billion, while its total debt was $20.97 billion. Equity owned by shareholders amounts to $738.35 million.
Technical Picture
Here’s a quick look at Danaher Corporation’s (DHR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 51.66%, suggesting the stock is Neutral, with a 13.15% historical volatility rate.
The stochastic %K and %D were 32.77% and 44.35% respectively, while the average true range (ATR) was 5.48. Based on the 14-day stochastic reading of 18.58%, the RSI (14) reading is 54.72%. On the 9-day MACD Oscillator, the stock is at -0.52, and the 14-day reading is at -0.59.
Analyst Ratings
In its analyst report released on July 19, 2023, Raymond James began covering Danaher Corporation (NYSE: DHR). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Danaher Corporation (DHR) an Overweight rating. DHR is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 17 others recommend it as a buy.
What is DHR’s price target for the next 12 months?
The current consensus forecast for the stock is between $230.00 and $325.00, with a median target price of $282.95. In analyzing these forecasts, the average price target given by analysts for Danaher Corporation (DHR) is $281.54.
