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

Dover Corporation ( DOV) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 1%. By the end of trading, Dover Corporation fell $1.44 (-2.7%) to $51.20 on average volume. Throughout the day, 1.4 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 $51.13-$52.43 after having opened the day at $52.35 as compared to the previous trading day's close of $52.64. Other company's within the Industrial industry that declined today were: Gardner Denver ( GDI), down 8.6%, Omega Flex ( OFLX), down 5.6%, Art's-Way Manufacturing ( ARTW), down 5.1%, and NACCO Industries ( NC), down 5%.

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 $9.41 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, above the average industrial industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Friday. 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.

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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