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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. NEW YORK ( TheStreet) -- Danaher Corporation (NYSE: DHR) hit a new 52-week high Friday as it is currently trading at $58.44, above its previous 52-week high of $58.39 with one million shares traded as of 10:51 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. Danaher has a market cap of $39.82 billion and is part of the industrial goods sector and industrial industry. Shares are up 2.8% year to date as of the close of trading on Thursday. 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 18.3, above the S&P 500 P/E ratio of 17.7.