Dover Corp (NYSE: DOV) is -14.95% lower on its value in year-to-date trading and has touched a low of $143.04 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 $165.86 in the last trading session, with the day’s loss setting it -6.3%.
Currently trading at $159.56, the stock is -8.06% and -14.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -3.80% at the moment leaves the stock -15.42% off its SMA200. DOV registered -10.03% loss for a year compared to 6-month loss of -14.75%. The firm has a 50-day simple moving average (SMA 50) of $187.4688 and a 200-day simple moving average (SMA200) of $188.65125.
The stock witnessed a -12.21% gain in the last 1 month and extending the period to 3 months gives it a -14.77%, and is -1.95% 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 8.24% over the week and 4.06% over the month.
Dover Corp (DOV) has around 24000 employees, a market worth around $21.87B and $8.19B in sales. Current P/E ratio is 8.20 and Fwd P/E is 15.61. Profit margin for the company is 32.95%. Distance from 52-week low is 11.55% and -28.23% 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 13.00% this year
1395.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 87.68% of the company’s shares. The shares outstanding are 137.22M, and float is at 136.41M with Short Float at 1.06%. Institutions hold 86.50% 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).
