Scotiabank has recently initiated Danaher Corp (DHR) stock to Sector Perform rating, as announced on December 23, 2024, according to Finviz. Earlier, on December 19, 2024, Guggenheim had initiated the stock to Buy, setting a price target of $275. BofA Securities also raised Buy rating with a price target of $290. Additionally, Wolfe Research raised Outperform rating on October 31, 2024, with a target price of $285. Stephens analysts, in their report published on October 1, 2024, also initiated Overweight rating and set a price target of $315 for Danaher Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Danaher Corp (DHR) Stock Trading Recap
On Friday, Danaher Corp (DHR) stock saw a decline, ending the day at $238.36 which represents a decrease of $-3.54 or -1.46% from the prior close of $241.9. The stock opened at $242.17 and touched a low of $238.17 during the day, reaching a high of $243.05. The volume of shares traded was 3.04 million falling short of the average volume of 3.15 million.
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DHR Stock Performance and Moving Averages
In recent trading, Danaher Corp (DHR) stock price has shown some volatility, fluctuating 1.40% over the last five trades and 1.78% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -2.63%, and it has plunged by -11.07% in the previous three months. Currently, DHR is trading at 1.96%, 1.04%, and -5.97% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DHR, a Healthcare sector stock, is trading -15.39% below its 52-week high but remains 7.11% above its 52-week low. The Average True Range (ATR) (14 days) of 5.35 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Danaher Corp’s Profitability and Valuation Ratios
Danaher Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 20.44% and a profit margin of 16.39%, with a gross margin of -2.63%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Danaher Corp’s market capitalization stands at $172.16 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 45.46, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 29.02. Additionally, the Price-to-Sales Ratio is 7.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.36, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.06% of Danaher Corp (DHR)’s shares, while financial institutions hold 80.66%.
Notable insider trades include Raskas Daniel, SVP – Corporate Development at Danaher Corp (DHR), who sold 26318 shares on Nov 26 ’24, at $236.59 each, totaling $6.23 million. On Nov 25 ’24, Raskas Daniel, SVP – Corporate Development, sold 8370 shares for $238 each, amounting to $1.99 million. Additionally, on Aug 26 ’24, Couchara Georgeann sold 952 shares at $268.37 each, generating $0.26 million.
