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Dover Corp (DOV) Review – Making Smarter Decisions

Dover Corp (NYSE: DOV) is -2.85% lower on its value in year-to-date trading and has touched a low of $168.20 and a high of $222.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOV stock was last observed hovering at around $185.74 in the last trading session, with the day’s loss setting it -3.49%.

Currently trading at $182.25, the stock is -1.30% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.88% at the moment leaves the stock -3.79% off its SMA200. DOV registered 3.31% gain for a year compared to 6-month gain of -4.60%. The firm has a 50-day simple moving average (SMA 50) of $194.0844 and a 200-day simple moving average (SMA200) of $189.409.

The stock witnessed a -8.12% loss in the last 1 month and extending the period to 3 months gives it a -3.71%, and is -0.01% down 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 2.09% over the week and 2.53% over the month.

Dover Corp (DOV) has around 24000 employees, a market worth around $24.98B and $8.19B in sales. Current P/E ratio is 9.37 and Fwd P/E is 17.73. Profit margin for the company is 32.95%. Distance from 52-week low is 8.35% and -18.02% from its 52-week high. The company has generated returns on investments over the last 12 months (27.91%).

The EPS is expected to grow by 13.61% this year

1405.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 87.86% of the company’s shares. The shares outstanding are 137.22M, and float is at 136.57M with Short Float at 1.49%. Institutions hold 86.68% 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 7.1027 and valued at over $1.76 billion, while STATE STREET CORP holds 4.4805 of the shares totaling 6.16 million with a market value of $1.11 billion.

Dover Corp (DOV) Insider Activity

Dover Corp disclosed in a document filed with the SEC on Nov 11 ’24 that Cabrera Ivonne M (SVP, General Counsel & Secr.) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $204.31 per share for $0.51 million. Following the transaction, the insider now directly holds 56579.0 shares of the DOV stock.

Still, SEC filings show that on Nov 11 ’24, Cabrera Ivonne M (Officer) Proposed Sale 2,500 shares at an average price of $204.25 for $0.51 million. The insider now directly holds shares of Dover Corp (DOV).

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