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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Dover Corporation ( DOV) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole was unchanged today. By the end of trading, Dover Corporation fell $1.02 (-1.1%) to $88.41 on heavy volume. Throughout the day, 1,490,864 shares of Dover Corporation exchanged hands as compared to its average daily volume of 854,400 shares. The stock ranged in price between $88.22-$89.66 after having opened the day at $88.92 as compared to the previous trading day's close of $89.43. Other companies within the Industrial industry that declined today were: Marine Products Corporation ( MPX), down 5.0%, China Ming Yang Wind Power Group ( MY), down 4.1%, China Yuchai International ( CYD), down 3.7% and LSI Industries ( LYTS), down 3.1%.

Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. Dover Corporation has a market cap of $15.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 36.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 3 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, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Ballard Power Systems ( BLDP), up 16.4%, Fuelcell Energy ( FCEL), up 9.8%, Hydrogenics Corporation ( HYGS), up 8.9% and ZBB Energy Corporation ( ZBB), up 7.5% , were all gainers within the industrial industry with AGCO ( AGCO) being today's featured industrial industry leader.

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).

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