Have you been paying attention to shares of Dover (DOV)? Shares have been on the move with the stock up 2.9% over the past month. The stock hit a new 52-week high of $146.9 in the previous session. Dover has gained 11.2% since the start of the year compared to the 33.6% move for the Zacks Industrial Products sector and the 94.7% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 20, 2021, Dover Corporation reported EPS of $1.81 versus consensus estimate of $1.47 while it beat the consensus revenue estimate by 7.46%.For the current fiscal year, Dover Corporation is expected to post earnings of $6.48 per share on $7.26 billion in revenues. This represents a 14.29% change in EPS on an 8.66% change in revenues. For the next fiscal year, the company is expected to earn $7.01 per share on $7.56 billion in revenues. This represents a year-over-year change of 8.2% and 4.04%, respectively.Valuation MetricsDover Corporation may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Dover Corporation has a Value Score of C. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 21.7X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 18.9X versus its peer group's average of 15.6X. Additionally, the stock has a PEG ratio of 1.89. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Dover Corporation currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Dover Corporation meets the list of requirements. Thus, it seems as though Dover Corporation shares could have a bit more room to run in the near term.How Does Dover Corporation Stack Up to the Competition?Shares of Dover Corporation have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also solid potential picks, including Applied Industrial Technologies (AIT), Sandvik AB (SDVKY), and Astec Industries (ASTE), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.However, it is worth noting that the Zacks Industry Rank for this group is in the bottom half of the ranking, so it isn't all good news for Dover Corporation. Still, the fundamentals for Dover Corporation are promising, and it still has potential despite being at a 52-week high.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dover Corporation (DOV): Free Stock Analysis Report Astec Industries, Inc. (ASTE): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Sandvik AB (SDVKY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research