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NYSE:DOV

Dover (DOV) Stock Price, News & Analysis

Dover logo
$204.74 +2.25 (+1.11%)
(As of 11/22/2024 ET)

About Dover Stock (NYSE:DOV)

Key Stats

Today's Range
$202.75
$205.06
50-Day Range
$184.70
$204.70
52-Week Range
$137.73
$205.06
Volume
598,595 shs
Average Volume
768,214 shs
Market Capitalization
$28.09 billion
P/E Ratio
18.31
Dividend Yield
1.01%
Price Target
$208.40
Consensus Rating
Moderate Buy

Company Overview

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.

Dover Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
95th Percentile Overall Score

DOV MarketRank™: 

Dover scored higher than 95% of companies evaluated by MarketBeat, and ranked 5th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Dover has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Dover has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Dover's stock forecast and price target.
  • Earnings Growth

    Earnings for Dover are expected to grow by 14.69% in the coming year, from $8.17 to $9.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Dover is 18.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Dover is 18.31, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.64.

  • Price to Earnings Growth Ratio

    Dover has a PEG Ratio of 2.72. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Dover has a P/B Ratio of 4.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Dover's valuation and earnings.
  • Percentage of Shares Shorted

    0.97% of the float of Dover has been sold short.
  • Short Interest Ratio / Days to Cover

    Dover has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dover has recently decreased by 6.38%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Dover pays a meaningful dividend of 1.02%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Dover has been increasing its dividend for 70 years.

  • Dividend Coverage

    The dividend payout ratio of Dover is 18.43%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Dover will have a dividend payout ratio of 21.99% next year. This indicates that Dover will be able to sustain or increase its dividend.

  • Read more about Dover's dividend.
  • Percentage of Shares Shorted

    0.97% of the float of Dover has been sold short.
  • Short Interest Ratio / Days to Cover

    Dover has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dover has recently decreased by 6.38%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Dover has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 28 news articles for Dover this week, compared to 27 articles on an average week.
  • Search Interest

    Only 10 people have searched for DOV on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Dover to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Dover insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,818,850.00 in company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of Dover is held by insiders.

  • Percentage Held by Institutions

    84.46% of the stock of Dover is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Dover's insider trading history.
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DOV Stock News Headlines

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DOV Stock Analysis - Frequently Asked Questions

Dover's stock was trading at $153.81 at the start of the year. Since then, DOV stock has increased by 33.1% and is now trading at $204.74.
View the best growth stocks for 2024 here
.

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

Dover subsidiaries include Malema, RegO Products, Acme Cryogenics, LIQAL, Espy, CDS Visual, Blue Bite LLC, and others.

Dover's top institutional shareholders include State Street Corp (4.53%), Geode Capital Management LLC (2.35%), FMR LLC (2.25%) and Wellington Management Group LLP (1.41%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Dover investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Today
11/24/2024
Ex-Dividend for 12/16 Dividend
11/29/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/06/2025

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
$208.40
High Stock Price Target
$227.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
22.77%

Debt

Sales & Book Value

Annual Sales
$8.44 billion
Cash Flow
$11.23 per share
Book Value
$41.53 per share

Miscellaneous

Free Float
135,409,000
Market Cap
$28.09 billion
Optionable
Optionable
Beta
1.22

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This page (NYSE:DOV) was last updated on 11/24/2024 by MarketBeat.com Staff
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