Danaher stock is trading -8.8% below its average target price of $272.09 after dropping -3.6% 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 $220.0 to $297.0 per share.
The stock has a very low short interest at 0.9%, and a short ratio of 2.22. The company's insiders own 10.75% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.7% of Danaher's shares being owned by this investor type.
Institutions Invested in Danaher
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 8% | 60,107,030 | $14,915,571,967 |
| 2024-03-31 | Blackrock Inc. | 7% | 49,683,497 | $12,328,970,090 |
| 2024-03-31 | State Street Corporation | 4% | 27,761,136 | $6,888,931,659 |
| 2024-03-31 | Wellington Management Group, LLP | 4% | 26,724,836 | $6,631,773,599 |
| 2024-03-31 | FMR, LLC | 3% | 22,219,665 | $5,513,814,480 |
| 2024-03-31 | Morgan Stanley | 2% | 16,496,040 | $4,093,495,749 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 2% | 16,150,284 | $4,007,696,326 |
| 2024-03-31 | Capital International Investors | 2% | 15,083,818 | $3,743,052,566 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 12,913,018 | $3,204,368,096 |
| 2024-03-31 | JP Morgan Chase & Company | 1% | 10,976,945 | $2,723,931,179 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Danaher.
