Market Insight: Danaher Corp. (DHR)’s Notable Drop, Closing at 251.25

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In the latest session, Danaher Corp. (NYSE: DHR) closed at $251.25 down -0.35% from its previous closing price of $252.14. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 2.63 million shares were traded. DHR stock price reached its highest trading level at $254.55 during the session, while it also had its lowest trading level at $250.91.

Ratios:

For a deeper understanding of Danaher Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.31.

On April 17, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $280.

Barclays Downgraded its Overweight to Equal Weight on January 24, 2024, while the target price for the stock was maintained at $240.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 16 ’24 when Blair Rainer sold 9,005 shares for $265.00 per share. The transaction valued at 2,386,325 led to the insider holds 106,990 shares of the business.

Blair Rainer sold 19,085 shares of DHR for $4,866,675 on May 14 ’24. The President & CEO now owns 115,995 shares after completing the transaction at $255.00 per share. On May 10 ’24, another insider, McGrew Matthew, who serves as the EVP & Chief Financial Officer of the company, sold 46,377 shares for $253.05 each. As a result, the insider received 11,735,856 and left with 29,407 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DHR now has a Market Capitalization of 186756644864 and an Enterprise Value of 198334496768. As of this moment, Danaher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.60, and their Forward P/E ratio for the next fiscal year is 29.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.09 while its Price-to-Book (P/B) ratio in mrq is 3.48. Its current Enterprise Value per Revenue stands at 8.355 whereas that against EBITDA is 26.741.

Stock Price History:

Over the past 52 weeks, DHR has reached a high of $269.11, while it has fallen to a 52-week low of $182.09. The 50-Day Moving Average of the stock is -1.37%, while the 200-Day Moving Average is calculated to be 6.17%.

Shares Statistics:

For the past three months, DHR has traded an average of 3.04M shares per day and 2623360 over the past ten days. A total of 739.20M shares are outstanding, with a floating share count of 675.53M. Insiders hold about 8.80% of the company’s shares, while institutions hold 81.09% stake in the company. Shares short for DHR as of 1719532800 were 8613615 with a Short Ratio of 2.83, compared to 1717113600 on 7120284. Therefore, it implies a Short% of Shares Outstanding of 8613615 and a Short% of Float of 1.2999999.

Dividends & Splits

According to the company, the forward annual dividend rate for DHR is 1.05, from 1.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.004164353The stock’s 5-year Average Dividend Yield is 0.38.

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