On February 21, 2024, Danaher’s board of directors joyfully announced a regular quarterly dividend of $0.27 per share ($1.08 annualized), upgrading from the previous $0.24 per share. Shareholders with a keen eye must secure their positions before March 27, 2024, to reap the upcoming dividend rewards, slated for distribution on April 26, 2024.
Floating at a share price of $252.73, Danaher’s stock boasts a savory dividend yield of 0.43%. A glimpse back over five years reveals a mesmerizing dance of dividend yields, with an average of 0.40%, dipping to a low of 0.26% and soaring to a tantalizing high of 0.59%. Fluctuating within a standard deviation of 0.08 (n=234), the current dividend yield sparkles brightly, standing 0.33 standard deviations above the historical mean.
Comparing to the current dividend payout ratio of 0.16, Danaher’s prudent financial trajectory shines through; recognizing that a payout ratio above 1.0 spells looming storm clouds on the horizon, whereas a ratio below 0.5 gleams with promise of reinvestment in future growth prospects. Danaher’s 3-Year dividend growth rate of 0.46% speaks volumes of the company’s steady commitment to rewarding its investors.
The Heartbeat of Fund Sentiment
Remarkably, 3465 funds or institutions have been singing Danaher’s praises in their reports. This shows a subtle decrease of 5 owners or 0.14% in the last quarter, yet the average portfolio weight dedicated to DHR stands at a robust 0.67%, reflecting a recent decrease of 8.44%. Meanwhile, institutions have swelled their coffers, increasing total shares by 0.83% over the last three months to a colossal 677,432K shares. Stepping onto the trading floor, the put/call ratio of DHR at 0.91 paints a picture of a bullish outlook gleaming in the near distance.
Analyst Alchemy and Shareholder Sorcery
The enchanting world of analysts and their price forecasts unfurls a tapestry of enchantment with an average one-year price target for Danaher standing at $246.74, cloaked in whispers ranging from a low of $207.05 to the high echelons of $283.50. This average target hints at a modest 2.37% downside from the latest closing price of $252.73.
Digging deeper into the shareholder labyrinth, the behemoths like Wellington Management Group Llp, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, and Price T Rowe Associates have been busy bees, strategically increasing or decreasing their holdings in DHR, crafting a symphony of movement in the financial cosmos.
Unveiling Danaher’s Decades-Long Symphony
Danaher Corporation, standing tall as a global science and technology innovator, orchestrates harmony in the realm of solving complex challenges and enhancing the quality of life globally. With a vibrant family of brands thriving in health care, environmental, and applied end-markets, the company’s 69,000 strong team unites under the banner of the Danaher Business System, all bound by a Shared Purpose of Helping Realize Life’s Potential.
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This saga first surfaced on Fintel.
The musings expressed here belong solely to the author and do not reflect those of Nasdaq, Inc.
