Danaher Corporation (DHR) has risen sharply, recording gains of 0.58% in the past 4 weeks. However, the stock has corrected -0.14% in the past 1 week, providing a good buying opportunity on dips. Danaher Corporation (DHR) : During the past 4 weeks, traders have been relatively bearish on Danaher Corporation (DHR), hence the stock is down -0.45% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.19% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.25% and the 50-Day Moving Average is 3.75%. Danaher Corporation (NYSE:DHR): On Fridays trading session , Opening price of the stock was $81.36 with an intraday high of $81.52. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $81.1099. However, the stock managed to close at $81.39, a loss of 0.18% for the day. On the previous day, the stock had closed at $81.54. The total traded volume of the day was 1,203,183 shares.
The company Insiders own 12.6% of Danaher Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.52% . Institutional Investors own 76.1% of Danaher Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.04%. Also, In a research note released to the investors, Citigroup maintains its rating on Danaher Corporation (NYSE:DHR).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $81 per share to $84 per share. The rating by the firm was issued on July 27, 2016.
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products. The Environmental segment products and services help protect the global water supply, facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments, reagents, consumables, software and services. The Dental segment provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply, improve packaging design and quality, verify pharmaceutical dosages and authenticity and power innovative machines.