In the latest trading session, 1.05 million Danaher Corp. (NYSE:DHR) shares changed hands as the company’s beta touched 0.84. With the company’s most recent per share price at $268.05 changed hands at -$4.04 or -1.49% at last look, the market valuation stands at $193.59B. DHR’s current price is a discount, trading about -5.09% off its 52-week high of $281.70. The share price had its 52-week low at $182.09, which suggests the last value was 32.07% up since then. When we look at Danaher Corp.’s average trading volume, we note the 10-day average is 2.04 million shares, with the 3-month average coming to 2.39 million.
Analysts gave the Danaher Corp. (DHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 1 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended DHR as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Danaher Corp.’s EPS for the current quarter is expected to be 1.57.
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Danaher Corp. (NYSE:DHR) trade information
Instantly DHR was in red as seen in intraday trades today. With action -1.70%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.87%, with the 5-day performance at -1.70% in the red. However, in the 30-day time frame, Danaher Corp. (NYSE:DHR) is -1.87% down. Looking at the short shares, we see there were 5.64 million shares sold at short interest cover period of 2.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 312.5, meaning bulls need an upside of 14.22% from its recent market value. According to analyst projections, DHR’s forecast low is 265 with 365 as the target high. To hit the forecast high, the stock’s price needs a -36.17% plunge from its current level, while the stock would need to tank 1.14% for it to hit the projected low.
Danaher Corp. (DHR) estimates and forecasts
Data shows that the Danaher Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.90% over the past 6 months, a 0.13% in annual growth rate that is considerably higher than the industry average of -2.70%. Year-over-year growth is forecast to reach -0.50% down from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of 5.59B. 21 analysts are of the opinion that Danaher Corp.’s revenue for the current quarter will be 6.63B. The estimates for the next quarter sales put growth at 3.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.31%. The 2024 estimates are for Danaher Corp. earnings to decrease by -0.12%, but the outlook for the next 5-year period is at 8.04% per year.
DHR Dividends
Danaher Corp. is expected to release its next quarterly earnings report on 2024-Oct-22. The 0.39% annual yield figure for the share gives it an annual dividend of 1.05. It is important to note, however, that the 0.39% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.37 per year.
Danaher Corp. (NYSE:DHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.00% of Danaher Corp. shares while 82.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.93%. There are 82.71% institutions holding the Danaher Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.1684% of the shares, roughly 60.49 million DHR shares worth $15.11 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.8241% or 50.54 million shares worth $12.63 billion as of 2024-06-30.
