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

Dover Corporation ( DOV) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.5%. By the end of trading, Dover Corporation rose 49 cents (0.9%) to $55.05 on light volume. Throughout the day, 1.2 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $54.80-$55.56 after having opened the day at $54.91 as compared to the previous trading day's close of $54.56. Other companies within the Industrial Goods sector that increased today were: Tower International ( TOWR), up 11%, JinkoSolar ( JKS), up 9.9%, WSI Industries ( WSCI), up 8.3%, and H&E Equipment Services ( HEES), up 7.2%.

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 $9.79 billion and is part of the industrial industry. The company has a P/E ratio of 11.9, above the average industrial industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.1% 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 negative front, China Development Group Corporation ( CTDC), down 10.8%, Sharps Compliance Corporation ( SMED), down 9.7%, CVD Equipment Corporation ( CVV), down 8.2%, and A123 Systems ( AONE), down 7.7%, were all laggards within the industrial goods sector with BE Aerospace ( BEAV) being today's industrial goods sector laggard.

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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