Investors focused on the Conglomerates space have likely heard of Danaher (DHR Quick QuoteDHR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Danaher is a member of our Conglomerates group, which includes 26 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. DHR is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for DHR's full-year earnings has moved 0.32% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that DHR has returned about 9.13% since the start of the calendar year. At the same time, Conglomerates stocks have lost an average of 6.71%. This means that Danaher is performing better than its sector in terms of year-to-date returns.

Looking more specifically, DHR belongs to the Diversified Operations industry, which includes 26 individual stocks and currently sits at #104 in the Zacks Industry Rank. On average, this group has lost an average of 6.71% so far this year, meaning that DHR is performing better in terms of year-to-date returns.

Investors with an interest in Conglomerates stocks should continue to track DHR. The stock will be looking to continue its solid performance.