Danaher stock: buy or sell?

DHR stock price: $143.60 2.40% At close on November 19th, 2019

Updated on:
November 19th, 2019

5

Shares of Danaher soared a remarkable 2.40% and closed at $143.60.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean DHR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
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

Danaher stock analysis

Daily outlook

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.

DHR stock chart (daily)

Weekly outlook

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%).

DHR stock chart (weekly)

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 $145.60

Predicting 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:
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-
(in average)$128.60$145.6013.0%
The price prediction for Danaher stock is $145.60, moving in a range between $165.00 and $130.00. In average, analysts' outlook on DHR price forecast is positive, increasing the prediction by a 13.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
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

In 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%

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 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%.
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 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:

DHRAABBAMEBIO
Market cap$103.1 B$24.1 B$47.1 B$22.7 B$8.9 B
Total shares718.3 M309.5 M2,130.0 M228.6 M24.8 M
Float shares637.3 M308.6 M1,780.0 M227.6 M21.4 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 selling0.0%0.0%0.0%0.0%0.0%

Danaher summary

Tuesday, November 19th, 2019
Open$140.16
Close$143.60
Day range$139.25 - $143.80
Previous close$140.23
Session gain2.40%
Average true range$2.67
50d mov avg$139.12
100d mov avg$139.84
200d mov avg$134.43
Daily pattern
Weekly pattern

Danaher performance

To 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.
Stock3m6m12m
DHRDanaher6.18%9.02%40.96%
AAgilent Technolog...12.31%14.52%15.28%
ABB 19.92%17.31%15.96%
AMEAMTEK18.79%17.76%39.36%
BIOBio-Rad Laborator...7.70%22.13%31.22%
EMREmerson Electric29.08%18.68%14.42%
GEGeneral Electric43.72%21.31%57.79%
HONHoneywell Interna...15.63%9.11%28.25%
MMM3M9.52%3.71%-11.12%
TMOThermo Fisher Sci...11.81%10.88%28.43%
UTXUnited Technologi...20.80%14.14%17.57%

Danaher competitors

We selected a few stocks to conform a list of Danaher competitors to watch if you are interested in investing in DHR:

Latest Danaher stock news