Danaher stock: buy or sell?

DHR stock price: $135.40 -2.98% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

3

Danaher dropped a terrifying -2.98% and closed at $135.40.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is DHR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-23Argusn/aBuy
2019-7-19Robert W. Bairdn/aOutperform
2019-7-19Robert W. Bairdn/aOutperform
2019-7-19Needham & Company LLCBuyBuy
2019-6-11Piper Jaffray Companiesn/aNeutral
2019-3-4JPMorgan Chase & Co.n/aOverweight
2019-2-28Needham & Company LLCBuyBuy
2019-2-26UBS Groupn/aBuy
2019-2-26Jefferies Financial Groupn/aBuy
2019-2-26Deutsche Bankn/aBuy
2019-2-25Janney Montgomery ScottNeutralBuy
2019-1-7Cowenn/aBuy

Danaher stock analysis

Daily outlook

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.

DHR stock chart (daily)

Weekly outlook

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%).

DHR stock chart (weekly)

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 $142.40

How 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:
DHR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-23ArgusRaises Targetn/a$165.00-
2019-7-19Robert W. BairdReiterates$131.00$148.0013%
2019-7-19Robert W. BairdRaises Target$131.00$148.0013%
2019-7-19Needham & Company LLCReiterates$142.00$155.009.2%
2019-6-11Piper Jaffray CompaniesInitiatesn/a$148.00-
2019-3-4JPMorgan Chase & Co.Reiteratesn/a$140.00-
2019-2-28Needham & Company LLCReiterates$114.00$138.0021.1%
2019-2-26UBS GroupRaises Target$125.00$144.0015.2%
2019-2-26Jefferies Financial GroupRaises Targetn/a$140.00-
2019-2-26Deutsche BankRaises Targetn/a$130.00-
2019-1-7CowenReiteratesn/a$110.00-
(in average)$128.60$142.4011.0%
Moving in a range from $165.00 and $110.00, the price prediction for DHR stock is $142.40. In average, analysts' outlook on DHR price forecast is positive, upgrading the prediction by a 11.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
DHR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.79n/a
2017-Q32017-10-190.9515.3%
2017-Q42018-01-301.161.192.6%
2018-Q12018-04-190.940.995.3%
2018-Q22018-07-191.091.155.5%
2018-Q32018-10-181.071.12.8%
2018-Q42019-01-291.271.280.8%
2019-Q12019-04-171.02n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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%

DHR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$19,120 M-$2,700 M14.1%-
2014$19,914 M4.15%$2,598 M13.0%-3.76%
2015$20,563 M3.26%$3,357 M16.3%29.21%
2016$16,882 M-17.90%$2,554 M15.1%-23.94%
2017$18,330 M8.57%$2,492 M13.6%-2.41%
2018$19,893 M8.53%$2,651 M13.3%6.37%
TTM $20,078 M0.93%$2,418 M12.0%-8.78%

Quarterly financial results

Danaher 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%.
DHR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$4,510 M-$557 M12.4%-
2017-Q3$4,530 M0.44%$572 M12.6%2.66%
2017-Q4$5,086 M12.27%$857 M16.8%49.73%
2018-Q1$4,695 M-7.67%$567 M12.1%-33.85%
2018-Q2$4,981 M6.08%$674 M13.5%18.92%
2018-Q3$4,853 M-2.57%$664 M13.7%-1.50%
2018-Q4$5,364 M10.52%$747 M13.9%12.52%
2019-Q1$4,880 M-9.02%$334 M6.8%-55.30%

Danaher ownership

When 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:

DHRAABBAMEBIO
Market cap$95.0 B$22.7 B$39.7 B$19.1 B$8.5 B
Total shares701.9 M316.0 M2,130.0 M227.8 M24.7 M
Float shares636.3 M314.9 M1,780.0 M224.9 M21.3 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 selling0.0%0.0%0.0%0.0%0.0%

Danaher summary

Friday, August 23rd, 2019
Open$139.52
Close$135.40
Day range$134.54 - $140.20
Previous close$139.56
Session gain-2.98%
Average true range$3.16
50d mov avg$141.08
100d mov avg$136.36
200d mov avg$123.56
Daily patternlt06c
Weekly pattern lb03a

Danaher performance

Stocks 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.
Stock3m6m12m
DHRDanaher2.67%19.62%35.96%
AAgilent Technolog...5.18%-8.13%9.69%
ABB -1.01%-4.61%-17.27%
AMEAMTEK-0.82%5.72%10.56%
BIOBio-Rad Laborator...16.56%24.68%7.28%
EMREmerson Electric-6.11%-13.71%-20.70%
GEGeneral Electric-13.24%-16.09%-31.00%
HONHoneywell Interna...-5.63%3.17%5.85%
MMM3M-5.24%-24.18%-21.61%
TMOThermo Fisher Sci...2.41%10.49%18.85%
UTXUnited Technologi...-5.51%-2.30%-5.29%

Danaher competitors

One 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.

Latest Danaher stock news