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

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 up 0.3%. By the end of trading, Dover Corporation fell $1.10 (-1.6%) to $67.06 on heavy volume. Throughout the day, 2.6 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $65.40-$68.24 after having opened the day at $68.20 as compared to the previous trading day's close of $68.16. Other companies within the Industrial industry that declined today were: OSI Systems ( OSIS), down 19.7%, Energy Recovery ( ERII), down 7.1%, Nidec Corporation ( NJ), down 6.5%, and Asia Pacific Wire & Cable Corp ( APWC), down 4.9%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $12.22 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and two 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, 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.

On the positive front, Continental Materials Corporation ( CUO), up 18.6%, Briggs & Stratton Corporation ( BGG), up 10.2%, PMFG ( PMFG), up 5.8%, and Highpower International ( HPJ), up 5.3%, were all gainers within the industrial industry with Illinois Tool Works ( ITW) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists