Is Danaher Stock a Buy?
When Danaher's (NYSE: DHR) former CEO, Tom Joyce, took over from Larry Culp in September 2014, he managed a $41 billion market cap company -- dwarfed by the $250 billion market cap of industrial giant General Electric (NYSE: GE). Joyce left the role this past September, while Culp is now at the helm of GE. Meanwhile, Danaher's market cap of $166 billion is now almost double that of GE's $84.6 billion.
The change is the all the more remarkable, considering Danaher spun off its industrial business, under the name of Fortive, in 2016 and floated its dental products business, Envista, this year. It's been an incredible period for Danaher, but after a 52% rise in 2020, is the stock still a good value?
The coronavirus pandemic has created growth opportunities for Danaher. Image source: Getty Images.
Source Fool.com
