investing

The Best Stock in the District of Columbia: Danaher

We analyzed publicly traded companies based in the nation's capital to identify the best stock in the District of Columbia to buy now.

We scoured the nation to identify the best stock in every state and the District of Columbia. Danaher Corp. (symbol DHR) is the publicly traded company we picked with headquarters in Washington, D.C.

A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.

Danaher by the Numbers

  • Headquarters: Washington, D.C.
  • Share price: $85.96
  • Market value: $59.7 billion
  • Price-earnings ratio: 21

(Prices and data are as of June 22, 2017)

Even after spinning off a number of units into a new, publicly traded company called Fortive (FTV) last year, Danaher is still an amalgam of a lot of different businesses. The company makes research tools for scientists, diagnostic and treatment tools for medical professionals, and products and services aimed at protecting the planet’s water supply.

Operating under these broad umbrellas, Danaher remains a serial acquirer that looks to scoop up innovative but underperforming companies from which it believes it can wring out extra profits. Value Line analyst Erik Manning says the strategy is “a proven winner over time” and should have earnings nearing $4 a share this year, an 18% bump from last year’s $3.34 per share. Analysts at Credit Suisse say Danaher’s shares are undervalued compared with the shares of the company’s peers and see a growing enthusiasm for Danaher’s diverse portfolio of companies that the analysts believe could propel the stock to $93 over the next 12 months.

Most Popular

Tax Wrinkles for Work-at-Home Employees During COVID-19
taxes

Tax Wrinkles for Work-at-Home Employees During COVID-19

Are your home office expenses deductible? How does going out of state to work for a while affect your tax picture? There are some interesting wrinkles…
November 9, 2020
Retirement: It All Starts with a Budget
personal finance

Retirement: It All Starts with a Budget

When you’re meeting with your financial planner, do you talk about your budget? If not, you should.
November 10, 2020
Will Joe Biden Raise YOUR Taxes?
taxes

Will Joe Biden Raise YOUR Taxes?

During the campaign, Joe Biden promised that he would raise taxes for some people. Will you be one of them?
November 10, 2020

Recommended

Bonds: 10 Things You Need to Know
Investing for Income

Bonds: 10 Things You Need to Know

Bonds can be more complex than stocks, but it's not hard to become a knowledgeable fixed-income investor.
July 22, 2020
Is the Stock Market Open on Thanksgiving and Black Friday 2020?
Markets

Is the Stock Market Open on Thanksgiving and Black Friday 2020?

The stock market will take a pause on Thanksgiving, but investors will need to pay attention for a few hours on Black Friday.
November 25, 2020
Build a Bond Ladder
Financial Planning

Build a Bond Ladder

Exchange-traded funds give a new twist to an old technique to navigate a tricky market and manage cash flow.
November 23, 2020
Bonds Will Deliver in 2021
Investing for Income

Bonds Will Deliver in 2021

I can see no urgency to withdraw your 2020 profits from the market.
November 17, 2020