Dover Corporation (DOV): Today's Featured Industrial Goods 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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.5%. By the end of trading, Dover Corporation fell 92 cents (-1.5%) to $60.12 on average volume. Throughout the day, 1.7 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 $59.65-$60.26 after having opened the day at $60.16 as compared to the previous trading day's close of $61.04. Other companies within the Industrial Goods sector that declined today were: China Valves Technology (CVVT), down 46.3%, Real Goods Solar (RSOL), down 15.5%, UQM Technologies (UQM), down 12.9%, and ZBB Energy Corporation (ZBB), down 10.7%.

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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 $11.16 billion and is part of the industrial industry. The company has a P/E ratio of 13.6, above the average industrial industry P/E ratio of 13.3 and below the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Dover Corporation a buy, no analysts rate 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, increase in stock price during the past year and expanding profit margins. 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.

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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).

• 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:

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• Dover Corporation Income Statement