Dover Corp (NYSE: DOV) is -13.67% 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 $163.28 in the last trading session, with the day’s loss setting it -1.32%.
Currently trading at $161.96, the stock is -4.58% and -12.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.81% at the moment leaves the stock -14.00% off its SMA200. DOV registered -5.10% loss for a year compared to 6-month loss of -16.40%. The firm has a 50-day simple moving average (SMA 50) of $184.203 and a 200-day simple moving average (SMA200) of $188.3179.
The stock witnessed a -10.41% gain in the last 1 month and extending the period to 3 months gives it a -15.09%, and is -2.35% 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 3.21% over the week and 4.12% over the month.
Dover Corp (DOV) has around 24000 employees, a market worth around $22.20B and $8.19B in sales. Current P/E ratio is 8.33 and Fwd P/E is 15.86. Profit margin for the company is 32.95%. Distance from 52-week low is 13.23% and -27.15% 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 12.88% this year
1404.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 87.97% 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 86.79% 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
Still, SEC filings show that on Nov 11 ’24, Cabrera Ivonne M (SVP, General Counsel & Secr.) disposed off 2,500 shares at an average price of $204.31 for $0.51 million. The insider now directly holds 56,579 shares of Dover Corp (DOV).
