Jim Cramer on Dover: "I Don't Think It Should Be Disappointing"

Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer recently discussed. During the episode, a caller asked if they should add to or reduce their position in the stock. Cramer replied:

“Okay, so Jeff Marks and I talk… about this stock a lot. It’s been very disappointing. I don’t think it should be disappointing. The company’s very well run. It’s got a lot of firepower to be able to do a buyback. I think you should buy more. We were tempted to buy more. We actually just did some last week for the Charitable Trust. Jeff Marks and I are reluctant to buy even more right here. But I do think it’s in very good shape.”

Dover Corporation (NYSE:DOV) designs and manufactures specialized equipment, components, and software solutions. In addition, it provides fluid handling, refrigeration, marking, and automation technologies. Cramer suggested buying the company’s stock during the June 3 episode, as he said:

“I look wrong right now on Dover for the club… but I think I’m going to be right. Why? Because I think that Tobin is very smart, the CEO and the stock should never have been thrown back, 19 times earnings. It even went down when steel tariffs went on. I say enough is enough. Buy Dover right now, tomorrow morning.”

While we acknowledge the potential of DOV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.