Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Dover Still Excellent, But Not Currently A Bargain

If you love drilling into the minutiae of what industrial companies do, Dover (NYSE:DOV) can be a bonanza. With nearly 30 major operating businesses, Dover is not particularly easy to benchmark. Luckily, the company's consistent earnings quality, strong margins, and good returns on capital make up for some of the difficulties in really drilling down into the details. Dover is looking at some good opportunities in areas like refrigeration, fluid control, and energy, but the shares already reflect a pretty high level of Wall Street affection. Though Dover isn't the most expensive quality industrial out there, I'd likely wait for a better discount to fair value before jumping in with my own money.

Refrigeration Is A Multibillion-Dollar Opportunity…...

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