Dover Corporation (DOV): Today's Featured Industrial Goods 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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Dover Corporation fell $0.72 (-1.0%) to $68.98 on average volume. Throughout the day, 1,623,123 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1,278,600 shares. The stock ranged in price between $68.71-$69.72 after having opened the day at $69.70 as compared to the previous trading day's close of $69.70. Other companies within the Industrial Goods sector that declined today were: CNH Global ( CNH), down 9.3%, Comstock ( CHCI), down 7.5%, India Globalization Capital ( IGC), down 6.7% and Goldfield ( GV), down 6.3%.
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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 $12.0 billion and is part of the industrial industry. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Dover Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, MagneGas Corporation ( MNGA), down 26.1%, Chart Industries ( GTLS), down 9.4%, China Advanced Construction Materials Group ( CADC), down 7.1% and 3D Systems Corporation ( DDD), down 6.9% , were all gainers within the industrial goods sector with Danaher Corporation ( DHR) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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