Danaher Corporation

(

DHR

) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 0.2%. By the end of trading, Danaher Corporation rose 28 cents (0.6%) to $46.55 on light volume. Throughout the day, 2.7 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 4.4 million shares. The stock ranged in a price between $46.30-$47.06 after having opened the day at $46.62 as compared to the previous trading day's close of $46.27. Another company within the Conglomerates sector that increased today was

Tredegar Corporation

(

TG

), up 1.8%.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $30.58 billion and is part of the

conglomerates

industry. The company has a P/E ratio of 16.3, above the average conglomerates industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Danaher as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider

SPDR Trust Series one

(

SPY

) while those bearish on the conglomerates sector could consider

ProShares Short S&P 500

(

SH

).

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