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 1.0%. By the end of trading, Dover Corporation rose $1.00 (1.1%) to $91.00 on average volume. Throughout the day, 1,345,899 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1,161,600 shares. The stock ranged in a price between $89.88-$91.08 after having opened the day at $90.29 as compared to the previous trading day's close of $90.00. Other companies within the Industrial Goods sector that increased today were: Ballard Power Systems ( BLDP), up 14.3%, Middleby Corporation ( MIDD), up 13.6%, Euro Tech Holdings Company ( CLWT), up 10.6% and Goldfield ( GV), up 10.1%.

Dover Corporation and its subsidiaries manufacture and sell a range of equipment and components, specialty systems, and support services. The company operates in four segments: Energy, Engineered Systems, Printing & Identification, and Communication Technologies. Dover Corporation has a market cap of $15.2 billion and is part of the industrial industry. Shares are down 7.3% year to date as of the close of trading on Tuesday. Currently there are 11 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, notable return on equity, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, DigitalGlobe ( DGI), down 27.3%, Clean Harbors ( CLH), down 14.6%, Dynamic Materials Corporation ( BOOM), down 11.1% and Sturm Ruger & Company ( RGR), down 7.9%.

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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