Danaher Corporation (DHR): Today's Featured Conglomerates Winner

Danaher Corporation ( DHR) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole was unchanged today. By the end of trading, Danaher Corporation rose 58 cents (1.1%) to $54.69 on average volume. Throughout the day, 2.3 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $54.28-$54.80 after having opened the day at $54.39 as compared to the previous trading day's close of $54.11. Another company within the Conglomerates sector that increased today was Lydall ( LDL), up 2.1%.

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 $36.99 billion and is part of the conglomerates industry. The company has a P/E ratio of 18.5, above the average conglomerates industry P/E ratio of 15.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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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