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.
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Dover Corporation fell $2.71 (-3.0%) to $86.56 on heavy volume. Throughout the day, 1,823,936 shares of Dover Corporation exchanged hands as compared to its average daily volume of 849,700 shares. The stock ranged in price between $86.29-$87.70 after having opened the day at $86.29 as compared to the previous trading day's close of $89.27. Other companies within the Industrial Goods sector that declined today were:
), down 16.3%,
), down 8.2%,
), down 7.6% and
), down 7.5%.
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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 industry. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. 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.
- You can view the full Dover Corporation Ratings Report.
On the positive front,
), up 14.9%,
), up 8.2%,
), up 6.0% and
), up 5.4% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.