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. NEW YORK ( TheStreet) -- Dover Corporation (NYSE: DOV) hit a new 52-week high Thursday as it is currently trading at $68.04, above its previous 52-week high of $67.92 with 332,494 shares traded as of 10:51 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Dover has a market cap of $11.92 billion and is part of the industrial goods sector and industrial industry. Shares are up 1.8% year to date as of the close of trading on Wednesday. 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. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dover 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, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Dover Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.