Dover Corp. (DOV) Review – Making Smarter Decisions

Dover Corp. (NYSE: DOV) is 4.10% higher on its value in year-to-date trading and has touched a low of $127.25 and a high of $162.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DOV stock was last observed hovering at around $160.47 in the last trading session, with the day’s loss setting it -0.36%.

Currently trading at $160.11, the stock is 5.90% and 7.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.22% at the moment leaves the stock 11.78% off its SMA200. DOV registered 2.33% gain for a year compared to 6-month gain of 11.51%. The firm has a 50-day simple moving average (SMA 50) of $3.02 and a 200-day simple moving average (SMA200) of $14.81.

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The stock witnessed a 8.49% loss in the last 1 month and extending the period to 3 months gives it a 22.72%, and is 2.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 1.78% over the month.

Dover Corp. (DOV) has around 25000 employees, a market worth around $22.40B and $8.44B in sales. Current P/E ratio is 21.29 and Fwd P/E is 16.18. Profit margin for the company is 12.52%. Distance from 52-week low is 25.82% and -1.46% from its 52-week high. The company has generated returns on investments over the last 12 months (13.05%).

Dover Corp. quarterly earnings per share for the current quarter are estimated at $1.96 with sales reaching $2.05B over the same period.The EPS is expected to grow by 3.02% this year, but quarterly earnings will post 1.60% year-over-year. Quarterly sales are estimated to shrink -1.50% in year-over-year returns.

1,177 institutions hold shares in Dover Corp. (DOV), with institutional investors hold 88.16% of the company’s shares. The shares outstanding are 139.70M, and float is at 139.15M with Short Float at 1.43%. Institutions hold 87.74% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 16.65 million shares valued at $2.46 billion. The investor’s holdings represent 11.90% of the DOV Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 15.06 million shares valued at $2.22 billion to account for 10.76% of the shares outstanding. The other top investors are Blackrock Inc. which holds 9.83 million shares representing 7.03% and valued at over $1.45 billion, while State Street Corporation holds 4.54% of the shares totaling 6.36 million with a market value of $938.43 million.

Dover Corp. (DOV) Insider Activity

A total of 11 insider transactions have happened at Dover Corp. (DOV) in the last six months, with sales accounting for 1 and purchases happening 10 times. The most recent transaction is an insider sale by Cerepak Brad M, the company’s Senior Vice President and CFO. SEC filings show that Cerepak Brad M sold 14,000 shares of the company’s common stock on Dec 05 at a price of $142.00 per share for a total of $1.99 million. Following the sale, the insider now owns 35938.0 shares.

Dover Corp. disclosed in a document filed with the SEC on Nov 30 that Kosinski Anthony K (VP Tax) sold a total of 664 shares of the company’s common stock. The trade occurred on Nov 30 and was made at $141.64 per share for $94049.0. Following the transaction, the insider now directly holds 5333.0 shares of the DOV stock.

Still, SEC filings show that on Sep 07, Cerepak Brad M (Senior Vice President and CFO) disposed off 4,631 shares at an average price of $142.00 for $0.66 million. The insider now directly holds 49,938 shares of Dover Corp. (DOV).

Dover Corp. (DOV): Who are the competitors?

One of the company’s main competitors (and peers) include Danaher Corp. (DHR) that is trading 7.17% up over the past 12 months.Paccar Inc. (PCAR) lies in the list of competitors of the Dover Corp. and is 44.69% higher over the same period from DOVIngersoll Rand Inc. (IR) is 50.61% up on the 1-year trading charts.