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
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Dover Corporation fell $1.10 (-1.6%) to $67.06 on heavy volume. Throughout the day, 2.6 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $65.40-$68.24 after having opened the day at $68.20 as compared to the previous trading day's close of $68.16. Other companies within the Industrial industry that declined today were:
), down 19.7%,
), down 7.1%,
), down 6.5%, and
), down 4.9%.
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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 $12.22 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Dover Corporation as a
. 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, expanding profit margins, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Dover Ratings Report.
On the positive front,
), up 18.6%,
), up 10.2%,
), up 5.8%, and
), up 5.3%, were all gainers within the industrial industry with
) 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
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.
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