Danaher stock: buy or sell?
August 23rd, 2019
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide.
Should I buy Danaher stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Danaher stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Danaher stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 12 ratings published for DHR stock in the last 30 days. The general sentiment of these ratings is bullish for DHR stock, with 11 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-19||Robert W. Baird||n/a||Outperform|
|2019-7-19||Robert W. Baird||n/a||Outperform|
|2019-7-19||Needham & Company LLC||Buy||Buy|
|2019-6-11||Piper Jaffray Companies||n/a||Neutral|
|2019-3-4||JPMorgan Chase & Co.||n/a||Overweight|
|2019-2-28||Needham & Company LLC||Buy||Buy|
|2019-2-26||Jefferies Financial Group||n/a||Buy|
|2019-2-25||Janney Montgomery Scott||Neutral||Buy|
Danaher stock analysis
Danaher shares dropped -2.98% to $135.40 today.
Danaher dropped a terrifying -2.98% and closed at $135.40. In this session, Danaher stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock. On July, DHR hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers.
Danaher closed this week at $135.40 and fell a horrible -3.53%.
From a weekly outlook, DHR marked an uptrend of rising tops and rising bottoms. Since its last top early July at $145.50, price slid and bounced up back from $134.11. Breaking down under $134.11 would cancel the current uptrend and it might test lower supports. Note that $145.50 might act as a resistance line. Not so far away is the last all-time high Danaher marked early July. Early January DHR price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since late January when SMA10w and SMA20w crossed up, DHR price gained $29.34 per share (27.66%).
Danaher stock price history
Danaher stock historical price chart
DHR stock reached all-time highs on July with a price of $145.50.
Danaher stock price target is $142.40How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 11 price targets for DHR stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-19||Robert W. Baird||Reiterates||$131.00||$148.00||13%|
|2019-7-19||Robert W. Baird||Raises Target||$131.00||$148.00||13%|
|2019-7-19||Needham & Company LLC||Reiterates||$142.00||$155.00||9.2%|
|2019-6-11||Piper Jaffray Companies||Initiates||n/a||$148.00||-|
|2019-3-4||JPMorgan Chase & Co.||Reiterates||n/a||$140.00||-|
|2019-2-28||Needham & Company LLC||Reiterates||$114.00||$138.00||21.1%|
|2019-2-26||UBS Group||Raises Target||$125.00||$144.00||15.2%|
|2019-2-26||Jefferies Financial Group||Raises Target||n/a||$140.00||-|
|2019-2-26||Deutsche Bank||Raises Target||n/a||$130.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when Danaher presented its last earnings report, it rose a more than good 8.55%. As soon as we get its actual EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a pretty good gain of 8.53% to $19,893.00 M dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) remained steady a -0.27% to 13.33%. Danaher presents anual results in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Danaher TTM sales up to March 2019 were $20,077.50 and earnings $2,418.10 M USD. If we compare this TTM figures with the last reported annuality, we can review Danaher business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, stayed steady a slightly good 0.93%. Regarding profit margin, Danaher slightly fell -1.28% to 13.33%
|2013||$19,120 M||-||$2,700 M14.1%||-|
|2014||$19,914 M||4.15%||$2,598 M13.0%||-3.76%|
|2015||$20,563 M||3.26%||$3,357 M16.3%||29.21%|
|2016||$16,882 M||-17.90%||$2,554 M15.1%||-23.94%|
|2017||$18,330 M||8.57%||$2,492 M13.6%||-2.41%|
|2018||$19,893 M||8.53%||$2,651 M13.3%||6.37%|
|TTM||$20,078 M||0.93%||$2,418 M12.0%||-8.78%|
Quarterly financial resultsDanaher reported $4,879.90 M in sales for 2019-Q1, a -9.02% decline compared to previous quarter. Reported quarter income marked $333.80 million with a profit margin of 6.84%. Profit margin slipped a -7.08% compared to previous quarter when profit margin was 13.92%. When comparing revenues to same quarter last year, Danaher sales marked a nice growth and grew a 3.93%.
|2017-Q2||$4,510 M||-||$557 M12.4%||-|
|2017-Q3||$4,530 M||0.44%||$572 M12.6%||2.66%|
|2017-Q4||$5,086 M||12.27%||$857 M16.8%||49.73%|
|2018-Q1||$4,695 M||-7.67%||$567 M12.1%||-33.85%|
|2018-Q2||$4,981 M||6.08%||$674 M13.5%||18.92%|
|2018-Q3||$4,853 M||-2.57%||$664 M13.7%||-1.50%|
|2018-Q4||$5,364 M||10.52%||$747 M13.9%||12.52%|
|2019-Q1||$4,880 M||-9.02%||$334 M6.8%||-55.30%|
Danaher ownershipWhen you are planning to buy shares of a stock, it's always worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Danaher, 11.41% of all outstanding shares are owned by its staff.
In case of Danaher stock, 79.87% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DHR stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$95.0 B||$22.7 B||$39.7 B||$19.1 B||$8.5 B|
|Total shares||701.9 M||316.0 M||2,130.0 M||227.8 M||24.7 M|
|Float shares||636.3 M||314.9 M||1,780.0 M||224.9 M||21.3 M|
|- Institutional holdings (%)||79.9%||88.2%||4.5%||87.7%||78.0%|
|- Insider holdings (%)||11.4%||0.4%||0.0%||0.5%||14.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$134.54 - $140.20|
|Average true range||$3.16|
|50d mov avg||$141.08|
|100d mov avg||$136.36|
|200d mov avg||$123.56|
Danaher performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Danaher, the comparison is made against Agilent Technologies, ABB, AMTEK, Bio-Rad Laboratories, Emerson Electric, General Electric, Honeywell International, 3M, Thermo Fisher Scientific and United Technologies.
|TMOThermo Fisher Sci...||2.41%||10.49%||18.85%|
Danaher competitorsOne check before investing in any stock is to review a list of its competitors, in this case for Danaher. We selected 10 companies as Danaher competitors as they are in the same industry or have similar market objectives.
- Agilent Technologies (A)
- ABB (ABB)
- AMTEK (AME)
- Bio-Rad Laboratories (BIO)
- Emerson Electric (EMR)
- General Electric (GE)
- Honeywell International (HON)
- 3M (MMM)
- Thermo Fisher Scientific (TMO)
- United Technologies (UTX)
Latest Danaher stock news
- Seeking AlphaDanaher: Buy For Total Return With Earnings Beat Of $0.03 This QuarterJuly 22, 2019
- Seeking AlphaDanaher: Buy For Total Return, But It May Be OvervaluedJune 28, 2019
- Seeking Alpha21 Alpha-Producing Water Stocks: Danaher Floats To The TopApril 30, 2019
- Seeking AlphaDanaher: Buy For Long-Term Total Return And 9% 3-Year CAGRMarch 28, 2019
- Seeking AlphaGE: Danaher Deal Saves The DayMarch 4, 2019