Danaher Corporation (DHR): Industrial Goods' Featured Daily Laggard

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 Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.8%. By the end of trading, Danaher Corporation fell $1.22 (-2%) to $59.74 on average volume. Throughout the day, 3.4 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $59.58-$60.72 after having opened the day at $60.66 as compared to the previous trading day's close of $60.96. Other companies within the Industrial Goods sector that declined today were: Textron ( TXT), down 13.4%, GreenHunter Energy ( GRH), down 9.6%, Perma-Fix Environmental Services ( PESI), down 8.3%, and TRC Companies ( TRR), down 8.1%.
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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 $41.48 billion and is part of the industrial industry. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% 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 four 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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