Dover Stock Hits New 52-Week High (DOV)

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 $74.65, above its previous 52-week high of $74.62 with 721,952 shares traded as of 1:21 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Dover has a market cap of $12.55 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.2% 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 consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. The company has a P/E ratio of 16.1, 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Dover Ratings Report.

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