Danaher stock: buy or sell?
November 19th, 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. Having 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 posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 11 ratings published for DHR stock in the last 30 days. The general sentiment of these ratings is bullish for DHR stock, with 10 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 soared a remarkable 2.40% and closed at $143.60.
Danaher shares soared 2.40% to $143.60 today. For the last 4 days when DHR stock price broke up the SMA100d line, it gained $7.45 (5.47%). On September, DHR hit new all time highs, pushing higher previous ATH of $146.76 recorded on September. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting an impressive 5.43% in a week last week, Danaher closed this week at $143.60 and stayed stable a slightly fine 0.43%.
Not so far away is the last price record Danaher marked by mid September. Since price and SMA40w lines crossed up last week, DHR climbed $8.37 (6.19%).
Danaher stock price history
Danaher stock historical price chart
DHR stock reached all-time highs on September with a price of $147.16.
Danaher stock price target is $145.60Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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 10 price targets for Danaher 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 . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Danaher annual turnover soared a great 8.53% to $19,893.00 million USD from $18,329.70 marked in 2017. However, its income margin (compared to revenues) remained steady to 13.33%, that is $2,650.90 million. 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 million USD. When comparing this TTM figures with the last reported annuality, we can esteem Danaher business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, stayed steady a slightly fine 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 posted $4,879.90 million in revenues for 2019-Q1, a -9.02% less 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 good gain and gained 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 invest in shares of a company, it's always worth to check its ownership structure.
Danaher shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 11.41% of all shares.
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 stocks:
|Market cap||$103.1 B||$24.1 B||$47.1 B||$22.7 B||$8.9 B|
|Total shares||718.3 M||309.5 M||2,130.0 M||228.6 M||24.8 M|
|Float shares||637.3 M||308.6 M||1,780.0 M||227.6 M||21.4 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%|
|Tuesday, November 19th, 2019|
|Day range||$139.25 - $143.80|
|Average true range||$2.67|
|50d mov avg||$139.12|
|100d mov avg||$139.84|
|200d mov avg||$134.43|
Danaher performanceTo better understand Danaher performance you must compare its gains with other related stocks in same sector or 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...||11.81%||10.88%||28.43%|
Danaher competitorsWe selected a few stocks to conform a list of Danaher competitors to watch if you are interested in investing in DHR:
- 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