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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 1.6%. By the end of trading, Danaher Corporation rose 91 cents (1.8%) to $52.90 on average volume. Throughout the day, 2.9 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in a price between $52.35-$52.90 after having opened the day at $52.48 as compared to the previous trading day's close of $51.99. Other companies within the Conglomerates sector that increased today were: MGT Capital Investments ( MGT), up 3.8%, Dow Chemical ( DOW), up 3.8%, Tredegar Corporation ( TG), up 2.3%, and Caterpillar ( CAT), up 2.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $35.73 billion and is part of the industrial industry. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

Jim Cramer: Agilent Technology Has Been One of My Favorites

5 Things You Must Know Before the Market Opens Thursday

Wells Fargo Sets 'Market Perform' Rating on Danaher

Lululemon Makes for Luluwavering; Rally Earns Some Trust: Jim Cramer's Best Blog