In the last trading session, 3.22 million shares of the Danaher Corp. (NYSE:DHR) were traded, and its beta was 0.85. Most recently the company’s share price was $245.39, and it changed around -$2.61 or -1.05% from the last close, which brings the market valuation of the company to $177.24B. DHR currently trades at a discount to its 52-week high of $281.70, offering almost -14.8% off that amount. The share price’s 52-week low was $182.09, which indicates that the current value has risen by an impressive 25.8% since then. We note from Danaher Corp.’s average daily trading volume that its 10-day average is 3.06 million shares, with the 3-month average coming to 2.37 million.
Danaher Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 4 recommended DHR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Danaher Corp. is expected to report earnings per share of 2.19 for the current quarter.
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Danaher Corp. (NYSE:DHR) trade information
Instantly DHR has showed a red trend with a performance of -1.05% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 274.21 on recent trading dayincreased the stock’s daily price by 10.51%. The company’s shares are currently up 6.07% year-to-date, but still down -10.57% over the last five days. On the other hand, Danaher Corp. (NYSE:DHR) is -11.39% down in the 30-day period. We can see from the shorts that 5.32 million shares have been sold at a short interest cover period of 2.44 day(s).
The consensus price target as assigned by Wall Street analysts is $300, which translates to bulls needing to increase their stock price by 18.2% from its current value. Analyst projections state that DHR is forecast to be at a low of $265 and a high of $365.
Danaher Corp. (DHR) estimates and forecasts
Danaher Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.48 percent over the past six months and at a -0.92% annual growth rate that is well above the industry average of -2.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 4.80% in revenue this quarter, and will report an increase of 5.70% in the next quarter. The year-over-year growth rate is expected to be -0.60%, down from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 6.38B in revenue for the current quarter. 15 analysts expect Danaher Corp. to make 6.06B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.41B and 5.8B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.30%. Forecasts for the next quarter put sales growth at 4.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.31%. Danaher Corp. earnings are expected to increase by -1.07% in 2024, but the outlook is positive 7.20% per year for the next five years.
DHR Dividends
Danaher Corp.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.43 percent and its annual dividend per share was 1.05. It is important to note, however, that the 0.43% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.37 per year.
Danaher Corp. (NYSE:DHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.00% of Danaher Corp. shares, and 82.76% of them are in the hands of institutional investors. The stock currently has a share float of 92.99%. Danaher Corp. stock is held by 2941.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.1684% of the shares, which is about 60.49 million shares worth $15.11 billion.
BLACKROCK INC., with 6.8241% or 50.54 million shares worth $12.63 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
