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NYSE:DOV

Dover (DOV) Stock Price, News & Analysis

$175.40
+0.35 (+0.20%)
(As of 09/6/2024 ET)
Today's Range
$174.21
$177.28
50-Day Range
$172.48
$191.55
52-Week Range
$127.25
$192.31
Volume
1.18 million shs
Average Volume
978,256 shs
Market Capitalization
$24.11 billion
P/E Ratio
16.85
Dividend Yield
1.17%
Price Target
$192.63

Dover MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
9.8% Upside
$192.63 Price Target
Short Interest
Healthy
1.31% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.00
Upright™ Environmental Score
News Sentiment
0.07mentions of Dover in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$5.58 M Sold Last Quarter
Proj. Earnings Growth
6.98%
From $9.17 to $9.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.09 out of 5 stars

Industrial Products Sector

24th out of 166 stocks

Construction, Mining, & Materials Handling Machinery & Equipment Industry

1st out of 2 stocks

DOV stock logo

About Dover Stock (NYSE:DOV)

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as related consumable, software, and service to packaged and consumer goods, pharmaceutical, manufacturing, fashion and apparel, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

DOV Stock Price History

DOV Stock News Headlines

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Trains between Dover and Folkestone cancelled
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Golden Apple: Rebecca Dover
1 dead after motorcycle crash in Dover, NH
See More Headlines
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Company Calendar

Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Last Earnings
7/25/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Today
9/06/2024
Dividend Payable
9/16/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Construction, mining, & materials handling machinery & equipment
Sub-Industry
Industrial Machinery
CUSIP
26000310
Employees
25,000
Year Founded
1955

Price Target and Rating

Average Stock Price Target
$192.63
High Stock Price Target
$208.00
Low Stock Price Target
$162.00
Potential Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
21.52%

Debt

Sales & Book Value

Annual Sales
$8.53 billion
Cash Flow
$10.47 per share
Book Value
$39.02 per share

Miscellaneous

Free Float
135,643,000
Market Cap
$24.11 billion
Optionable
Optionable
Beta
1.22

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Key Executives

Should I Buy Dover Stock? DOV Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Dover Co.:

  • Dover Corporation offers a wide range of equipment, components, consumable supplies, aftermarket parts, software, and digital solutions globally, providing diversified revenue streams.
  • The company's Engineered Products segment continuously innovates and provides cutting-edge solutions that cater to various industries, ensuring competitiveness and market relevance.
  • Recent developments in Dover Co. have shown a strong focus on digital solutions, enhancing operational efficiency and customer experience, which can lead to increased profitability.
  • Investors may find Dover Co.'s stock price attractive and potentially undervalued based on recent market trends and financial performance.
  • Dover Co.'s commitment to providing support services ensures customer satisfaction and loyalty, contributing to long-term sustainability and growth.

Cons

Investors should be bearish about investing in Dover Co. for these reasons:

  • The competitive landscape in the industries Dover Co. operates in may pose challenges in maintaining market share and pricing power, impacting profitability.
  • Fluctuations in global economic conditions and trade policies could affect Dover Co.'s revenue and profitability, leading to potential risks for investors.
  • While digital solutions offer opportunities, the implementation and integration process may require significant investments and resources, impacting short-term financial performance.
  • Market volatility and uncertainties could influence Dover Co.'s stock price, leading to potential short-term fluctuations that may not align with investor expectations.
  • Investors should carefully assess the impact of any regulatory changes or compliance requirements on Dover Co.'s operations and financial results, considering potential risks and costs.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these Dover pros and cons to contact@marketbeat.com.

DOV Stock Analysis - Frequently Asked Questions

How have DOV shares performed this year?

Dover's stock was trading at $153.81 at the beginning of 2024. Since then, DOV stock has increased by 14.0% and is now trading at $175.40.
View the best growth stocks for 2024 here
.

How were Dover's earnings last quarter?

Dover Co. (NYSE:DOV) issued its earnings results on Thursday, July, 25th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.15. The company's revenue for the quarter was up 3.7% on a year-over-year basis.
Read the conference call transcript
.

What is Richard J. Tobin's approval rating as Dover's CEO?

38 employees have rated Dover Chief Executive Officer Richard J. Tobin on Glassdoor.com. Richard J. Tobin has an approval rating of 80% among the company's employees.

Does Dover have any subsidiaries?

The following companies are subsidiaries of Dover: Malema, RegO Products, Acme Cryogenics, LIQAL, Espy, CDS Visual, Blue Bite LLC, and more.

Who are Dover's major shareholders?

Top institutional shareholders of Dover include Dimensional Fund Advisors LP (1.10%), Bank of New York Mellon Corp (0.85%), ProShare Advisors LLC (0.76%) and American Century Companies Inc. (0.50%). Insiders that own company stock include Richard J Tobin, Ivonne M Cabrera, Stephen M Todd, Brad M Cerepak, Anthony K Kosinski and David J Malinas.
View institutional ownership trends
.

How do I buy shares of Dover?

Shares of DOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dover own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dover investors own include Johnson & Johnson (JNJ), CVS Health (CVS), Chevron (CVX), Intel (INTC), Procter & Gamble (PG), PepsiCo (PEP) and AT&T (T).

This page (NYSE:DOV) was last updated on 9/7/2024 by MarketBeat.com Staff

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