Why Dover (DOV) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Dover Corp. (DOV) are lower by -2.26% to $86.93 in early afternoon trading on Thursday following the company's 2014 second quarter results which showed a decline in net earnings to $214 million, or $1.27 per share, compared to $330 million, or $1.91 for the 2013 second quarter.

However, the company, which manufacturers engineered systems, fluids, and refrigeration and food equipment, posted a 6% increase in revenue for the most recent quarter to $2 billion, over the year ago period.

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Separately, TheStreet Ratings team rates DOVER CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate DOVER CORP (DOV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

DOV Chart DOV data by YCharts

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