Danaher Stock Hits New 52-Week High (DHR)

NEW YORK ( TheStreet) -- Danaher Corporation (NYSE: DHR) hit a new 52-week high Monday as it is currently trading at $56.16, above its previous 52-week high of $56.09 with 736,294 shares traded as of 11:20 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.

Danaher has a market cap of $36.24 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 19% year to date as of the close of trading on Friday.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. The company has a P/E ratio of 19.9, above the average conglomerates industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Danaher as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Danaher Ratings Report.

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