Investopedia: Dover's Price Underestimates Its Prospects

There have been plenty of industrial companies that have sold off on fears that the sluggish economy in the U.S. and the ongoing banking trouble in Europe is going to start biting into orders. With Dover (NYSE:DOV), it's a little worse as fears of what may happen in industrial markets are coupled with the realities of tougher markets in areas like semiconductors and solar. Even allowing that order growth is slowing a bit and margins may have peaked, Dover's stock price seems to understate the potential of this company. 

Good and Bad In Q3  
Like other industrial conglomerates, third quarter earnings at Dover were a mix of good and bad news. Overall, revenue rose an eye-popping 22%, but acquisitions made a significant contribution (9%). Organic growth was a more modest 10%. Revenue growth at Dover was pretty binary for Dover - there were two high-growth businesses (fluid management and industrial products) and two low-growth businesses (engineered systems and electronic technologies).

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http://stocks.investopedia.com/stock-analysis/2011/Dovers-Price-Underestimates-Its-Prospects-DOV-EMR-GE-HAL-DHR-ITW-SI-MIDD-CVX1026.aspx