The price of Danaher Corp. (NYSE:DHR) shares last traded on Wall Street fell -3.63% to $255.01.
DHR stock price is now 0.94% away from the 50-day moving average and 8.91% away from the 200-day moving average. The market capitalization of the company currently stands at $188.88B.
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On April 17, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $280, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Blair Rainer, President & CEO sold 9,005 shares of the company’s stock on May 16 ’24. The stock was sold for $2,386,325 at an average price of $265.00. Upon completion of the transaction, the President & CEO now directly owns 106,990 shares in the company, valued at $27.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, President & CEO Blair Rainer sold 19,085 shares of the business’s stock. A total of $4,866,675 was realized by selling the stock at an average price of $255.00. This leaves the insider owning 115,995 shares of the company worth $29.58 million. A total of 8.80% of the company’s stock is owned by insiders.
During the past 12 months, Danaher Corp. has had a low of $182.09 and a high of $269.11. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.85, and a quick ratio of 1.51. According to the stock market information, the enterprise value for the company is $201119481856, which is based on a 43.23 price-to-earnings ratio, a 5.75 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for DHR is $252.854 and a two-hundred day moving average price translates $234.2718 for the stock.
The latest earnings results from Danaher Corp. (NYSE: DHR) was released for 2024-03-29. The net profit margin was 16.78% and return on equity was 8.47% for DHR. The company reported revenue of $5.8 billion for the quarter, compared to $5.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.57 percent.
