Dover Reaches 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 Tuesday as it is currently trading at $80.55, above its previous 52-week high of $80.45 with 513,148 shares traded as of 2:06 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Dover has a market cap of $13.45 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.4% year to date as of the close of trading on Monday.

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 16.9, 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, 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.

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