Wellington Management Co. LLP has recently announced that it has increased stake in Danaher Corp. (NYSE:DHR) by 18.58%. After grabbing 24.93 million shares, the institutional investor is now in possession of 3.91 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.37% having worth around $5.77 billion. Moreover, Capital Research & Management Co increased its share by 0.59 million to have a control over 14.62 million shares. And T. Rowe Price Associates, Inc. raised its holdings to 1.03 million shares by acquiring 14.1 million shares or 1.91% of the stake.
Danaher Corp. (DHR) concluded trading on Thursday at a closing price of $227.39, with 3.47 million shares of worth about $788.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.15% during that period and on Thursday, January 25 the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 728.30M shares, out of which, 673.67M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 65 times over the past 12 months. They bought 237,113 shares in 33 of the transactions. In 32 selling transactions, insiders dumped 113,371 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust are the top 3 mutual funds which are holding stakes in Danaher Corp. Vanguard Total Stock Market ETF is currently holding 20.88 million shares of worth totaling $4.83 billion. The company recently came buying 52350.0 shares which brought its stake up to 2.83% of the company’s outstanding shares. Vanguard 500 Index Fund bought 41957.0 shares, after which its hold over company’s outstanding shares expand to 2.17%, leaving 16.06 million shares with the mutual fund that have a worth of about $3.72 billion. SPDR S&P 500 ETF Trust, after selling 8.05 million shares, have now control over 1.09% of the stake in the company. It holds 44070.0 shares of worth $1.86 billion.
However, the stock later moved at a day high price of 232.11, or with a loss of -0.53%. Stock saw a price change of 0.48% in past 5 days and over the past one month there was a price change of -1.29%. Year-to-date (YTD), DHR shares are showing a performance of -1.71% which decreased to -5.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $182.09 but also hit the highest price of $242.20 during that period. The average intraday trading volume for Danaher Corp. shares is 2.95 million. The stock is currently trading -1.29% below its 20-day simple moving average (SMA20), while that difference is up 1.74% for SMA50 and it goes to 4.84% higher than SMA200.
Wellington Management Co. LLP acquired 24.93 million shares of Danaher Corp. having value of about $5.77 billion. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 3.91 million shares in the company valued at close to $888060048.11, or have control over 18.58% stake in the company. Danaher Corp. (NYSE: DHR) currently have 728.30M outstanding shares and institutions hold larger chunk of about 80.33% of that. Holding of mutual funds in the company is about 34.66% while other institutional holders and individual stake holders have control over 46.53% and 16.25% of the stake respectively.
The stock has a current market capitalization of $168.03B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 28.78, while it has posted earnings per share of $7.90 in the same period. It has Quick Ratio of 1.94 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DHR, volatility over the week remained 2.12% while standing at 2.16% over the month.
Analysts are in expectations that Danaher Corp. (DHR) stock would likely to be making an EPS of $Whirlpool Corporation in the current quarter, while forecast for next quarter EPS is $114.27 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Danaher Corporation which is $Digital Realty Trust, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $DHT Holdings, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.66% while it is estimated to increase by 4.54% in next year. EPS is likely to shrink at an annualized rate of -1.40% for next 5-years, compared to annual growth of 22.31% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 24, 2024 offering an Equal weight rating for the stock and assigned a target price of $240 to it.
