Dover Corporation (DOV): Today's Featured Industrial Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Dover Corporation ( DOV) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.1%. By the end of trading, Dover Corporation rose $1.13 (1.3%) to $86.40 on average volume. Throughout the day, 1,299,300 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1,126,300 shares. The stock ranged in a price between $85.18-$86.58 after having opened the day at $85.51 as compared to the previous trading day's close of $85.27. Other companies within the Industrial Goods sector that increased today were: Guanwei Recycling ( GPRC), up 12.1%, GrafTech International ( GTI), up 7.4%, Zoltek Companies ( ZOLT), up 7.2% and China Recycling Energy Corporation ( CREG), up 6.8%.

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 $14.6 billion and is part of the industrial industry. Shares are up 29.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

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, solid stock price performance, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, MagneGas Corporation ( MNGA), down 8.5%, IntriCon Corporation ( IIN), down 6.7%, India Globalization Capital ( IGC), down 6.2% and Perma-Fix Environmental Services ( PESI), down 4.4% , were all laggards within the industrial goods sector with Illinois Tool Works ( ITW) being today's industrial goods sector laggard.

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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