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

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 higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.2%. By the end of trading, Dover Corporation rose 85 cents (1.4%) to $60.46 on average volume. Throughout the day, 2.3 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $59.18-$61.81 after having opened the day at $59.60 as compared to the previous trading day's close of $59.61. Other companies within the Industrial industry that increased today were: Hallwood Group ( HWG), up 68.6%, Renewable Energy Trade Board ( EBOD), up 11.7%, eMagin Corporation ( EMAN), up 8.7%, and Altair Nanotechnologies ( ALTI), up 7.4%.
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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 $10.77 billion and is part of the industrial goods sector. The company has a P/E ratio of 13, below the S&P 500 P/E ratio of 17.7. Shares are up 3.6% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Dover Corporation a buy, no analysts rate 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, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Adept Technology ( ADEP), down 24.1%, Intellicheck Mobilisa ( IDN), down 19.2%, Metalico ( MEA), down 9.5%, and Dixie Group ( DXYN), down 8.1%, were all laggards within the industrial industry with Ingersoll-Rand ( IR) being today's industrial industry laggard.

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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