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Danaher Corporation (NYSE: DHR) In 2023: Is This Company Worth Thinking About Investing In?

In today’s recent session, 2.05 million shares of the Danaher Corporation (NYSE:DHR) have been traded, and its beta is 0.81. Most recently the company’s share price was $225.26, and it changed around -$4.75 or -2.07% from the last close, which brings the market valuation of the company to $168.31B. DHR at last check was trading at a discount to its 52-week high of $303.82, offering almost -34.88% off that amount. The share price’s 52-week low was $221.22, which indicates that the recent value has risen by an impressive 1.79% since then. We note from Danaher Corporation’s average daily trading volume that its 10-day average is 3.29 million shares, with the 3-month average coming to 2.96 million.

Danaher Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 7 recommended DHR as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Danaher Corporation is expected to report earnings per share of $1.87 for the current quarter.

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Danaher Corporation (NYSE:DHR) trade information

Instantly DHR has been showing red trend so far today with a performance of -2.07% on intraday trading today. The rise to weekly highs of 233.65 on Tuesday, 05/23/23 increased the stock’s daily price by 3.59%. We can see from the shorts that 4.63 million shares have been sold at a short interest cover period of 1.43 day(s).

The consensus price target as assigned by Wall Street analysts is $279.00, which translates to bulls needing to increase their stock price by 19.26% from its current value. Analyst projections state that DHR is forecast to be at a low of $250.00 and a high of $356.00. In order for the stock price to hit the forecast high, the stock would need to plunge -58.04% from its current level, while the stock would need to crash -10.98% from its current level to reach the projected low.

Danaher Corporation (DHR) estimates and forecasts

Danaher Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -13.38 percent over the past six months and at a -13.79% annual growth rate that is well below the industry average of -6.50%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -32.20% in revenue this quarter, and will report a decrease of -21.10% in the next quarter. The year-over-year growth rate is expected to be -13.50%, down from the previous year.

Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $6.59 billion in revenue for the current quarter. 19 analysts expect Danaher Corporation to make $6.63 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $7.75 billion and $7.16 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.00%. Forecasts for the next quarter put sales growth at -7.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.70%. Danaher Corporation earnings are expected to increase by 13.70% in 2023, but the outlook is positive 2.81% per year for the next five years.

DHR Dividends

Danaher Corporation’s next quarterly earnings report is expected to be released around July 19 and July 24. The annual dividend yield of the stock is 0.47 percent and its annual dividend per share was 1.08. It is important to note, however, that the 0.47% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Danaher Corporation (NYSE:DHR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 10.77% of Danaher Corporation shares, and 79.70% of them are in the hands of institutional investors. The stock currently has a share float of 89.32%. Danaher Corporation stock is held by 2,872 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 7.47% of the shares, which is about 55.1 million shares worth $13.89 billion.

Blackrock Inc., with 7.00% or 51.65 million shares worth $13.02 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 19.92 million shares worth $5.29 billion, making up 2.73% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 15.15 million shares worth around $4.02 billion, which represents about 2.08% of the total shares outstanding.

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