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.
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 0.6%. By the end of trading, Dover Corporation fell 86 cents (-1.5%) to $57.97 on average volume. Throughout the day, two million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $57.18-$58.91 after having opened the day at $57.18 as compared to the previous trading day's close of $58.83. Other companies within the Industrial industry that declined today were:
Edwards Group (
EVAC), down 10.8%,
Hallwood Group (
HWG), down 8.8%,
Intellicheck Mobilisa (
IDN), down 8.4%, and
Asia Pacific Wire & Cable Corp (
APWC), down 5%.
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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 $10.82 billion and is part of the
industrial goods sector. The company has a P/E ratio of 13.2, above the average industrial industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 2% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Dover Corporation a buy, no analysts rate 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, increase in stock price during the past year 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,
China Valves Technology (
CVVT), up 8.3%,
Omega Flex (
OFLX), up 6.7%,
GrafTech International (
GTI), up 5.8%, and
Altair Nanotechnologies (
ALTI), up 3.9%, were all gainers within the industrial industry with
Allegheny Technologies (
ATI) 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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