DHR
Danaher Corporation Healthcare - Life Sciences Investor Relations →
Danaher Corporation (DHR) closed at $216.61 as of 2026-02-02, trading 4.0% below its 200-week moving average of $225.66. This places DHR in the below line zone. The stock is currently moving closer to the line, down from -3.1% last week. The 14-week RSI sits at 51, indicating neutral momentum.
Over the past 2410 weeks of data, DHR has crossed below its 200-week moving average 15 times. On average, these episodes lasted 19 weeks. Historically, investors who bought DHR at the start of these episodes saw an average one-year return of +17.9%.
With a market cap of $153.1 billion, DHR is a large-cap stock. The company generates a free cash flow yield of 2.8%. Return on equity stands at 7.1%. The stock trades at 2.9x book value.
Over the past 33.2 years, a hypothetical investment of $100 in DHR would have grown to $32197, compared to $2849 for the S&P 500. That represents an annualized return of 19.0% vs 10.6% for the index — confirming DHR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -9.4% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: DHR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DHR Crosses Below the Line?
Across 9 historical episodes, buying DHR when it crossed below its 200-week moving average produced an average return of +21.0% after 12 months (median +24.0%), compared to +14.6% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +36.9% vs +31.6% for the index.
Each line shows $100 invested at the moment DHR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DHR has crossed below its 200-week MA 15 times with an average 1-year return of +17.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1979 | Aug 1980 | 33 | 35.8% | -18.9% | +382782.8% |
| Aug 1980 | Dec 1980 | 19 | 15.0% | +5.9% | +416565.1% |
| Aug 1981 | May 1983 | 91 | 47.2% | -47.2% | +393416.5% |
| Jul 1983 | Sep 1983 | 11 | 14.2% | +76.7% | +472120.9% |
| Oct 1990 | Nov 1990 | 1 | 1.5% | +31.0% | +60963.1% |
| Sep 2001 | Oct 2001 | 3 | 7.8% | +20.4% | +4640.9% |
| Sep 2002 | Sep 2002 | 2 | 2.7% | +34.9% | +3748.9% |
| Nov 2002 | Nov 2002 | 1 | 0.2% | +47.4% | +3720.0% |
| Sep 2008 | Oct 2009 | 54 | 26.8% | +3.6% | +1619.0% |
| Oct 2009 | Nov 2009 | 1 | 0.5% | +27.4% | +1474.7% |
| May 2023 | May 2023 | 2 | 1.5% | +26.3% | +9.0% |
| Jul 2023 | Jul 2023 | 1 | 0.6% | +16.3% | +6.2% |
| Oct 2023 | Nov 2023 | 6 | 12.7% | +29.8% | +4.8% |
| Nov 2024 | Dec 2025 | 58 | 23.6% | -3.4% | -5.3% |
| Jan 2026 | Ongoing | 2+ | 4.0% | Ongoing | -1.0% |
| Average | 19 | — | +17.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02