Danaher Corporation (DHR): What’s the Story?

Danaher Corporation (DHR) is an interesting player in the Industrial Goods space, with a focus on Diversified Machinery. The stock has been active on the tape, currently trading at $94.98, down from yesterday’s close by -0.45%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Danaher Corporation (DHR) currently trades with a market capitalization of $64.46 Billion. That value represents a market adjusting for revenues that have been growing by 10.94 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.86 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.93 on a per share basis this quarter. Perhaps, that suggests something about why 2.01% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how DHR has been acting. Looking at the stock’s movement on the chart, Danaher Corporation recorded a 52-week high of $104.82. It is now trading 9.84% off that level. The stock is trading $96.37 its 50-day moving average by 1.39%. The stock carved out a 52-week low down at $78.97.

In recent action, Danaher Corporation (DHR) has made a move of -4.51% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.09% with $611.98 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DHR.

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