Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial
NYSE:DOV

Dover (DOV) Stock Price, News & Analysis

$191.18
+5.25 (+2.82%)
(As of 09/19/2024 ET)

About Dover Stock (NYSE:DOV)

Key Stats

Today's Range
$188.38
$192.05
50-Day Range
$172.48
$191.55
52-Week Range
$127.25
$192.31
Volume
1.09 million shs
Average Volume
981,385 shs
Market Capitalization
$26.27 billion
P/E Ratio
18.37
Dividend Yield
1.08%
Price Target
$192.63
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

Overall MarketRank™: 80th Percentile

Dover scored higher than 80% of companies evaluated by MarketBeat, and ranked 72nd out of 172 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 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Dover has only been the subject of 3 research reports in the past 90 days.

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

    Earnings for Dover are expected to grow by 6.98% in the coming year, from $9.17 to $9.81 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Dover is 18.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.24.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Dover is 18.37, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.66.

  • Price to Earnings Growth Ratio

    Dover has a PEG Ratio of 2.17. 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 5.24. 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

    2.00% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dover has recently increased by 52.51%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Dover pays a meaningful dividend of 1.10%, 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 19.79%. 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 21.00% 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

    2.00% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dover has recently increased by 52.51%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Dover has a news sentiment score of 0.41. 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 0.60 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 24 news articles for Dover this week, compared to 28 articles on an average week.
  • Search Interest

    Only 9 people have searched for DOV on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
  • MarketBeat Follows

    Only 9 people have added Dover to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% 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 $8,169,883.00 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.

DOV Stock News Headlines

Dover Co. (NYSE:DOV) CFO Sells $2,593,150.00 in Stock
Why You Should NOT Trade This Market
You'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...
See More Headlines

DOV Stock Analysis - Frequently Asked Questions

Dover's stock was trading at $153.81 at the beginning of 2024. Since then, DOV shares have increased by 24.3% and is now trading at $191.18.
View the best growth stocks for 2024 here
.

Dover Co. (NYSE:DOV) posted its quarterly earnings results on Thursday, July, 25th. The industrial products company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.21 by $0.15. The business's quarterly 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 more.

Dover's top institutional investors 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
.

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 Johnson & Johnson (JNJ), CVS Health (CVS), Chevron (CVX), Intel (INTC), Procter & Gamble (PG), PepsiCo (PEP) and AT&T (T).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Today
9/19/2024
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
+0.8%
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
$11.59 per share
Book Value
$36.50 per share

Miscellaneous

Free Float
135,643,000
Market Cap
$26.27 billion
Optionable
Optionable
Beta
1.22

Social Links

Should I Buy Dover Stock? DOV Pros and Cons Explained

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 Sunday, September 8, 2024. Please send any questions or comments about these Dover pros and cons to contact@marketbeat.com.

Dover
Bull Case

green Wall Street bull icon

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

  • Dover Co.'s revenue for the quarter was up 3.7% compared to the same quarter last year, indicating growth potential.
  • Research analysts expect Dover Co. to post 9.15 earnings per share for the current fiscal year, showing strong earnings performance.
  • Dover Co. recently increased its quarterly dividend to $0.515 per share, representing a boost from the previous dividend and a dividend payout ratio of 19.79%.
  • Institutional investors, such as Price T Rowe Associates Inc. MD and Norges Bank, have been increasing their stakes in Dover Co., reflecting confidence in the company's future.
  • Wall Street analysts have given Dover Co. positive ratings, with an average price target of $192.63, indicating potential for stock price appreciation.

Dover
Bear Case

red Wall Street bear icon

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

  • Dover Co.'s stock price has been trading at a 1-year high of $192.31, which may indicate a potential near-term price ceiling.
  • The company's PEG ratio of 2.21 suggests that the stock may be overvalued relative to its earnings growth rate, posing a risk for investors.
  • While Dover Co. reported strong earnings for the last quarter, there could be uncertainties in sustaining this growth in the future, impacting stock performance.
  • The beta of Dover Co. at 1.22 indicates higher volatility compared to the market, which may lead to fluctuations in the stock price.
  • With a debt-to-equity ratio of 0.55, investors should be cautious about the company's leverage position and its impact on financial stability.

This page (NYSE:DOV) was last updated on 9/19/2024 by MarketBeat.com Staff
From Our Partners