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 closed the day up 0.3%. By the end of trading, Danaher Corporation rose $1.28 (2.5%) to $52.11 on average volume. Throughout the day, 3.9 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of three million shares. The stock ranged in a price between $50.46-$52.32 after having opened the day at $50.56 as compared to the previous trading day's close of $50.83. Other companies within the Conglomerates sector that increased today were: 3M ( MMM), up 2.1%, Lydall ( LDL), up 2%, and United Technologies ( UTX), up 1.7%.

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 $35.12 billion and is part of the industrial industry. The company has a P/E ratio of 17.5, above the average industrial industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Tuesday. Currently there are 14 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, growth in earnings per share, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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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