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 down 0.6%. By the end of trading, Dover Corporation fell $1.32 (-1.9%) to $68.59 on average volume. Throughout the day, 1,572,370 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1,267,300 shares. The stock ranged in price between $68.21-$70.29 after having opened the day at $70.09 as compared to the previous trading day's close of $69.91. Other companies within the Industrial industry that declined today were: Edwards Group ( EVAC), down 10.3%, GreenHunter Energy ( GRH), down 10.1%, Ecotality ( ECTY), down 8.1% and Exide Technologies ( XIDE), down 8.0%.
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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. Dover Corporation has a market cap of $12.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 6.4% year to date as of the close of trading on Wednesday.

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, 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.

On the positive front, IntriCon Corporation ( IIN), down 13.1%, NF Energy Saving ( NFEC), down 12.2%, China Valves Technology ( CVVT), down 11.1% and Servotronics ( SVT), down 6.9%.

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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