Shares of Danaher Corporation (NYSE:DHR) traded at a new 52-week high today of $286.19. This new high was reached on below average trading volume as 552,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.
In 1984, Danaher’s founders transformed a real estate organization into an industrial-focused manufacturing company. Through a series of mergers, acquisitions, and divestitures, including the Fortive separation in 2016, Danaher now focuses primarily on manufacturing scientific instruments and consumables in three segments: life sciences, diagnostics, and environmental and applied solutions. In late 2019, Danaher separated from its dental business through an initial public offering process, and in early 2020, it acquired GE’s Biopharma business, now called Cytiva, which added to its life sciences segment.
Danaher Corporation share prices have moved between a 52-week high of $286.19 and a 52-week low of $190.34 and are now trading 50% above that low price at $285.88 per share.
Danaher Corporation (NYSE:DHR) defies analysts with a current price ($285.88) 23.5% above its average consensus price target of $218.62.
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