Dover Corp (NYSE: DOV) is 3.99% higher on its value in year-to-date trading and has touched a low of $143.96 and a high of $208.26 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 $194.48 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $195.08, the stock is 3.33% and -0.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.31% at the moment leaves the stock 4.92% off its SMA200. DOV registered 35.06% gain for a year compared to 6-month gain of 4.69%. The firm has a 50-day simple moving average (SMA 50) of $196.694 and a 200-day simple moving average (SMA200) of $185.92355.
The stock witnessed a -2.34% loss in the last 1 month and extending the period to 3 months gives it a 1.19%, and is 6.23% 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 1.72% over the week and 1.80% over the month.
Dover Corp (DOV) has around 25000 employees, a market worth around $26.76B and $8.36B in sales. Current P/E ratio is 17.46 and Fwd P/E is 20.86. Profit margin for the company is 18.63%. Distance from 52-week low is 35.51% and -6.33% from its 52-week high. The company has generated returns on investments over the last 12 months (17.89%).
with sales reaching $1.95B over the same period.The EPS is expected to shrink by -7.19% this year, but quarterly earnings will post -7.51% year-over-year. Quarterly sales are estimated to shrink -7.27% in year-over-year returns.
Dover Corp (DOV) Top Institutional Holders
1351.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 87.23% of the company’s shares. The shares outstanding are 137.19M, and float is at 136.56M with Short Float at 1.33%. Institutions hold 86.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.09 million shares valued at $2.9 billion. The investor’s holdings represent 11.5744% of the DOV Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 10.85 million shares valued at $1.96 billion to account for 7.8959 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.76 million shares representing 7.0206% and valued at over $1.76 billion, while STATE STREET CORP holds 4.4287 of the shares totaling 6.16 million with a market value of $1.11 billion.
Dover Corp (DOV) Insider Activity
The most recent transaction is an insider sale by Cabrera Ivonne M, the company’s SVP, General Counsel & Secr. SEC filings show that Cabrera Ivonne M sold 2,500 shares of the company’s common stock on Nov 11 ’24 at a price of $204.31 per share for a total of $0.51 million. Following the sale, the insider now owns 56579.0 shares.
Still, SEC filings show that on Nov 07 ’24, Juneja Girish (Senior VP & CDO) disposed off 1,000 shares at an average price of $201.62 for $0.2 million. The insider now directly holds 8,345 shares of Dover Corp (DOV).
