Danaher stock is trading -6.81% below its average target price of $272.09 after marking a 2.0% 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 $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 | $15,240,137,639 |
| 2024-03-31 | Blackrock Inc. | 7% | 49,683,497 | $12,597,250,815 |
| 2024-03-31 | State Street Corporation | 4% | 27,761,136 | $7,038,836,117 |
| 2024-03-31 | Wellington Management Group, LLP | 4% | 26,724,836 | $6,776,082,249 |
| 2024-03-31 | FMR, LLC | 3% | 22,219,665 | $5,633,796,128 |
| 2024-03-31 | Morgan Stanley | 2% | 16,496,040 | $4,182,570,992 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 2% | 16,150,284 | $4,094,904,557 |
| 2024-03-31 | Capital International Investors | 2% | 15,083,818 | $3,824,502,099 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 12,913,018 | $3,274,095,753 |
| 2024-03-31 | JP Morgan Chase & Company | 1% | 10,976,945 | $2,783,204,438 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Danaher.
