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) is trading at unusually high volume Thursday with 2.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.30 (+4.3%) at $79.71 as of 1:31 p.m. ET.
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Dover has a market cap of $13.32 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.3% 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 16.7, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Dover as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, 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. You can view the full Dover Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.