Danaher stock is trading -21.44% below its average target price of $269.23 after marking a 1.0% during today's afternoon session. Analysts are giving the large-cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $205.0 to $305.0 per share.
The stock has a very low short interest at 0.9%, and a short ratio of 2.33. The company's insiders own 10.76% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.3% of Danaher's shares being owned by this investor type.
Institutions Invested in Danaher
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 55,917,419 | $11,827,092,985 |
| 2023-06-30 | Blackrock Inc. | 7% | 50,282,395 | $10,635,229,090 |
| 2023-06-30 | State Street Corporation | 4% | 27,962,346 | $5,914,315,648 |
| 2023-06-30 | FMR, LLC | 3% | 22,145,009 | $4,683,890,731 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 21,024,832 | $4,446,962,100 |
| 2023-06-30 | Morgan Stanley | 3% | 20,577,925 | $4,352,436,803 |
| 2023-06-30 | Capital International Investors | 2% | 14,029,348 | $2,967,347,318 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 13,976,829 | $2,956,239,025 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 13,459,741 | $2,846,869,744 |
| 2023-06-30 | Bank of America Corporation | 1% | 8,596,784 | $1,818,305,736 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Danaher.
