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

Dover Corporation ( DOV) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Dover Corporation fell $1.19 (-2.2%) to $52.23 on average volume. Throughout the day, 1.5 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 $51.51-$52.71 after having opened the day at $52.01 as compared to the previous trading day's close of $53.42. Other company's within the Industrial industry that declined today were: Servotronics ( SVT), down 7.5%, Eastern ( EML), down 6%, JinkoSolar ( JKS), down 5.8%, and Ceradyne ( CRDN), down 5.5%.

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 $9.87 billion and is part of the industrial goods sector. The company has a P/E ratio of 12, above the average industrial industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 8% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Dover Corporation a buy, one analyst rates it a sell, and three 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Eaton ( ETN), up 3.9%, Fuel Tech ( FTEK), up 3.7%, NF Energy Saving ( NFEC), up 3.5%, and Hydrogenics Corporation ( HYGS), up 3.1%, were all gainers within the industrial industry with General Electric ( GE) 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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