Dover Corporation (DOV): Today's Featured Industrial 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.

Dover Corporation (DOV) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Dover Corporation fell 86 cents (-1.5%) to $56.96 on heavy volume. Throughout the day, 2.3 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $56.73-$57.98 after having opened the day at $57.89 as compared to the previous trading day's close of $57.82. Other companies within the Industrial industry that declined today were: A123 Systems (AONE), down 9.4%, Intellicheck Mobilisa (IDN), down 8.8%, China BAK Battery (CBAK), down 7.8%, and Tower International (TOWR), down 5.9%.

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Dover Corporation manufactures and sells a range of specialized products and components, and provides related services and consumables. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing & Identification. Dover Corporation has a market cap of $10.57 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.8, above the average industrial industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Dover Corporation a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Dover 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Dover Ratings Report.

On the positive front, Broadwind Energy (BWEN), up 7.4%, Wowjoint Holdings (BWOW), up 5%, H&E Equipment Services (HEES), up 3.2%, and Manitex International (MNTX), up 3.1%, were all gainers within the industrial industry with Allegheny Technologies (ATI) being today's featured industrial industry leader.

• Use our industrial section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average (DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials (SIJ).

• Find other investment ideas from our top rated ETFs lists.

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For more information on Dover Corporation click any of the following:

• Dover Corporation Stock Price

• Dover Corporation Analyst Ratings

• Dover Corporation Key Stats & Profile

• Dover Corporation Earnings

• Dover Corporation Ratio Comparison

• Dover Corporation Growth Rates

• Dover Corporation Balance Sheet

• Dover Corporation Cash Flow

• Dover Corporation Income Statement