NEW YORK (

TheStreet

) --

Danaher Corporation

(NYSE:

DHR

) hit a new 52-week high Thursday as it is currently trading at $55.67, above its previous 52-week high of $55.64 with 946,999 shares traded as of 10:51 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Danaher has a market cap of $36 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are up 17.2% year to date as of the close of trading on Wednesday.

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Danaher Corporation, together with its subsidiaries, designs, manufactures, and markets professional, medical, industrial, commercial, and consumer products in the United States and internationally. The company has a P/E ratio of 19.2, below the average conglomerates industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Danaher as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Danaher Ratings Report

.

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