How to Buy Danaher Stock
Danaher Corp
Danaher is a diagnostic & research company located in District Of Columbia, United States, which is part of the Healthcare sector, and is traded under the ticker DHR on the NYSE exchange.
Danaher stock last closed at $263.46, up 1.62% from the previous day, and has increased 16.09% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.05 percentage points. Danaher stock is currently +44.69% from its 52-week low of $182.09, and -2.28% from its 52-week high of $269.61.
As of May 15, 2024, there are 740.69M shares of DHR outstanding. The market value of DHR is $195.14B. In the last 24 hours, 3.06M DHR shares were traded.
How to Buy Danaher Stock
Wondering how to invest in Danaher stock? Here's how.
- Figure out where to buy Danaher stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Danaher stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Research Danaher stock: The Danaher ticker symbol is DHR. Is Danaher stock a good investment? Should you buy shares of DHR? How do DHR's underlying business fundamentals look? Do top analysts think Danaher is a good buy? Why has DHR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if DHR is a good stock to buy).
- Place your DHR purchase: Decide if you will purchase DHR shares at the current market price or use a limit order to purchase DHR stock at a specific price.
- Get the latest news on your DHR investment: Create a watchlist to get live updates on your investment in Danaher shares.
Step 1: Figure out where to buy Danaher stock
You need a brokerage account in order to access the NYSE market and buy DHR shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in DHR today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on one of the best stock apps, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Research Danaher stock
Once you have identified the best place to buy Danaher stock, it's crucial to research their stock prior to buying, so you truly comprehend the risk and upside.
Danaher shares quick numbers
DHR Due Diligence Checks
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on DHR's stock page.
How is DHR stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge DHR's true value.
Using relative valuations metrics:
- DHR may be overvalued based on its P/E ratio of 44.2x, relative to Diagnostics & Research industry P/E ratio of 38.76x
- DHR may be undervalued based on its P/B ratio of 3.65x, relative to Diagnostics & Research industry P/B ratio of 4.49x
- DHR could be undervalued based on its PEG ratio of 0.77x
You can access more valuation analysis on DHR's stock here.
DHR Financial Overview
Pros:
- There are more short-term assets than short-term liabilities on the DHR balance sheet.
- Total DHR debt is lower than 5 years ago, relative to shareholder equity.
- DHR earnings of $5.34B is not enough to cover its interest payments.
- DHR's operating cash flow of $6.96B allows it to safely service it's debt of $18.16B.
Cons:
- DHR profit margin has gone down from 27.5% to 19.5% in the past year.
- DHR has a relatively high debt to equity ratio of 0.56.
- There are more long-term liabilities than short-term assets on the DHR balance sheet.
Do analysts think it's a good time to buy DHR stock
Out of 10 sell side analysts who give recommendations on DHR, the consensus analyst rating on Danaher is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest DHR Analyst Upgrades/Downgrades
Rajesh Kumar, a top 29% analyst from HSBC upgrades DHR to a strong buy rating and raises their DHR price target from $250.00 to $280.00, on Apr 17, 2024.
Paul Knight, a top 20% analyst from KeyBanc maintains DHR with a strong buy rating and raises their DHR price target from $260.00 to $290.00, on Feb 1, 2024.
Conor McNamara, a bottom 6% analyst from RBC Capital maintains DHR with a buy rating and raises their DHR price target from $254.00 to $282.00, on Jan 31, 2024.
Andrew Cooper, a bottom 2% analyst from Raymond James maintains DHR with a buy rating and raises their DHR price target from $240.00 to $270.00, on Jan 31, 2024.
Rachel Vatnsdal, a top 33% analyst from JP Morgan maintains DHR with a strong buy rating and raises their DHR price target from $250.00 to $270.00, on Dec 20, 2023.
You can dive deeper into what analysts are projecting on the Danaher stock forecast page.
DHR Trading Indicators
Is DHR Making Money?
Last year, DHR earnings were $4.40B. During the last 5 year, DHR's earnings have grown by 11.68% per year. This was slower than the Diagnostics & Research industry average of 11.73%.
Last year, DHR revenue was $22.52B. Over the past 5 year, DHR's revenue has increased by 6.32% per year. This was slower than the Diagnostics & Research industry average of 13.15%.
You can research DHR's earnings and revenue performance here.
Latest Insiders Trades at DHR
In the past year, executives and large shareholders at DHR have sold more shares than they have bought.
Rainer Blair, President CEO of DHR, was the latest DHR insider to sell. They sold $4,866,675.00 worth of DHR shares on May 14, 2024.
Get more info about who owns DHR stock here.
Does DHR stock generate passive income?
Danaher pays a dividend of 0.4%, compared to the Diagnostics & Research industry's average dividend yield of 1.3%. If you owned $1,000 of DHR stock, you would have received $3.99 in the past 12 months.
Danaher dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Danaher dividend yield and history here.
What do other traders have to say about DHR?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your DHR purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and eToro will place your order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your DHR investment
Now that you own some DHR shares, you'll want to stay up-to-date on your new shares.
Add DHR to a watchlist to see the latest developments about your DHR stock.
DHR Feed
How to Buy Stock in Danaher
To summarize, here are the 6 steps you need to take to buy Danaher stock right now:
- Figure out where to buy Danaher stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Danaher stock
- Place your DHR purchase
- Get the latest news on your DHR investment
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Danaher, click the button below.
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