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.
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.
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TheStreet Ratings rates Danaher 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 solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Danaher Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.