Dover Corporation (DOV): Today's Featured Industrial Goods Loser

Dover Corporation ( DOV) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 0.3%. By the end of trading, Dover Corporation fell 46 cents (-0.9%) to $51.86 on average volume. Throughout the day, 1.8 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $51.25-$52.37 after having opened the day at $52.37 as compared to the previous trading day's close of $52.32. Other company's within the Industrial Goods sector that declined today were: Ecotality ( ECTY), down 11.7%, JinkoSolar ( JKS), down 11.4%, Aerosonic Corporation ( AIM), down 9.6%, and Valence Technology ( VLNC), down 9.6%.

Dover Corporation manufactures and sells industrial products and components, and consumables. The company operates in four segments: Industrial Products, Engineered Systems, Fluid Management, and Electronic Technologies. Dover Corporation has a market cap of $9.84 billion and is part of the industrial industry. The company has a P/E ratio of 11.6, above the average industrial industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.7% year to date as of the close of trading on Monday. Currently there are six analysts that rate Dover Corporation a buy, one analyst rates it a sell, and four 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, growth in earnings per share, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Wowjoint Holdings ( BWOW), up 12.9%, M/I Homes ( MHO), up 9.3%, Hallwood Group ( HWG), up 8.7%, and A123 Systems ( AONE), up 6.9%, were all gainers within the industrial goods sector with DR Horton ( DHI) being today's featured industrial goods sector winner.

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).
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